Unibail-rodamco-westfield Says Its Real Estate Is Worth 11% Less Than Last Year | Unibail-rodamco-westfield Sees Asset Values Fall In Q3
Unibail-Rodamco-Westfield saw U.S. rental income tumble 39 percent year-over-year in the third quarter, the company disclosed Sunday. The retail landlord and investor reported that rental income from U.S. operations, including from 39 Westfield-branded malls, fell to $464 million. Across its overall portfolio, which includes major retail holdings across Europe, the company’s rental income fell to $1.43 billion in the first nine months of 2020, 38 percent lower than the same period last year. The company The post Unibail-Rodamco-Westfield says its real estate is worth 11% less than last year appeared first on The Real Deal New York.