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Europe’s Mall Giants Toast Recovery as Recession Fears Loom

  • Unibail Rodamco Westfield and Hammerson earnings jump
  • Landlords warn of volatile outlook as inflation, rates bite

Europe’s biggest mall landlords are enjoying a recovery even as storm clouds gather on the horizon. 

Unibail Rodamco Westfield and Hammerson Plc reported earnings that rebounded in the first half as the impact of the pandemic subsided more quickly than expected, according to separate statements Thursday. Unibail’s adjusted earnings per share jumped 53.1%, while Hammerson said its adjusted earnings rose 154% in the six months through June.