PARIS (dpa-AFX) - French commercial real estate company Unibail-Rodamco SE (UNBLF, UNRDY) said Monday that its revenue for the first quarter rose 6.3% to €492.3 million from €463.0 million in the same quarter last year.
The company attributed the revenue increase mainly to the growth in revenue of Other activities by 108.4% to €40.5 Mn as a result of the inclusion of the mfi fee business which is now fully consolidated and to the increase in Convention & Exhibition and Hotels rental income. The increase in turnover was partially offset by the impact of the disposal of non-core assets in France, The Netherlands and Spain.
The company said tenant sales in its shopping centers were up 3.4% in the first quarter compared to the same period in 2014.
Gross rental income for the first quarter grew to €419.0 million from €417.0 million a year earlier.
The company reiterated its forecast of a recurring earnings per share of between €10.15 and 10.35 for 2015.
Copyright RTT News/dpa-AFX