PARIS (dpa-AFX) - Unibail-Rodamco SE (UNBLF.PK) Wednesday said recurring net result for the first half of 2014 increased 8.0 percent to 539 million euros from 499 million euros last year. Recurring EPS for the first half of 2014 was 5.52 euros, compared to 5.21 euros last year.
Recurring net result were up by 8.0 percent, driven by strong rental growth, operating efficiencies and an even lower cost of debt than last year.
Net rental income improved 9.4 percent to 719 million euros from 657 million euros last year. On a like-for-like basis, rental income were up 2.5 percent from last year.
Further, the Group confirms its recurring EPS growth target of at least +5.5% for 2014.
Copyright RTT News/dpa-AFX