URW stock reports 5.3 percent H1 EBITDA growth in 2026

Published on 10/03/2026 at 21:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

URW stock carries H1 2026 adjusted recurring EPS of EUR 4.84 and loan-to-value of 38.8 percent as of June 30. A Thailand agreement expands Westfield's advisory reach.

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URW stock was last at EUR 87.52 on Euronext Paris on October 2, 2026 at 5:35 p.m. CEST, giving Unibail-Rodamco-Westfield (ISIN FR0013326246) a market capitalization of EUR 12.6 billion. The immediate story is operational rather than purely financial: H1 2026 like-for-like EBITDA increased 5.3 percent, while a new Thailand cooperation gives the Westfield brand another route into destination development.

Westfield adds a Thailand angle

According to Nation Thailand on October 2, 2026, URW signed a strategic cooperation agreement with Asset World Corporation. URW will advise on place-making, retail partnerships, destination marketing and customer experience for projects in Bangkok, including potential future Westfield-branded developments.

The structure matters for investors because URW is described as an adviser rather than an owner or project investor. Asset World plans more than THB 40 billion of investment over five years, so the agreement gives URW commercial reach without assigning that capital burden to the French property group, according to Nation Thailand.

H1 growth meets leverage discipline

URW's H1 2026 adjusted recurring earnings per share stood at EUR 4.84, while loan-to-value was 38.8 percent and the average cost of total debt was 2.3 percent as of June 30, 2026, according to URW. The combination puts the 5.3 percent EBITDA increase beside a balance-sheet metric that remains central to the investment case.

Lightyear reports that H1 2026 tenant sales rose 5.2 percent, footfall increased 2.1 percent and shopping-center vacancy reached 4.1 percent. URW also reaffirmed adjusted recurring EPS guidance of EUR 9.15 to EUR 9.30 for 2026 and a EUR 5.50 per-share distribution, making operating growth and capital allocation the two figures to track together.

URW stock stays below its yearly high

URW stock was last at EUR 87.52 on Euronext Paris on October 2, 2026, with a session range of EUR 86.70 to EUR 87.86 and volume of 352,475 shares. The 52-week range was EUR 72.44 to EUR 106.65, placing the reference price EUR 19.13 below the yearly high and EUR 15.08 above the yearly low.