Unibail-Rodamco-Westfield reports robust 2025 results, boosted by increased foot traffic and asset sales.

For the year, recurring net income reached €1,45 billion. Based on this performance, URW plans to pay a dividend of €4,50 per share, with the aim of increasing it to €5,50 in 2026.

"The dividend per share is [...] a strong signal that we are sending to the market, to our shareholders, because of our confidence in our ability to deliver the roadmap," Vincent Rouget, chairman of the board, told AFP.

The operational dynamic is based in particular on a 3,9% increase in the turnover of the retailers present in the group's centers, as well as on a 1,9% increase in footfall compared to 2024.

"It's really at the heart of the matter, the increase in visitor numbers and usage and the increase in revenue for our retailers," explained the manager.

In parallel, URW completed its asset disposal program ahead of schedule. Of the targeted €2,2 billion, €1,6 billion has already been received.

"We have succeeded, so this is a very positive signal that we have completed this important part of our plan by the end of 2025," said Mr. Rouget.

"The remaining 600 million will be finalized in the first half of 2026," he specified.

These operations have made it possible to reduce the group's net financial debt, now below 20 billion euros, and to lower the debt ratio from 45,5% to 42,0%.

"This is a substantial debt reduction effort that we have made for 2025," stressed the head of URW, who is aiming for a ratio of 40% by the end of 2028.

Finally, the group is continuing its diversification towards less capital-intensive activities, such as advertising or franchising, with the signing of its first partnership in Saudi Arabia.

These new levers could generate nearly €200 million in gross operating surplus by 2030, or 10% additional results, concluded Mr. Rouget.