URW Plans €3.1 Billion Shareholder Payouts After Retail Recovery

Unibail-Rodamco-Westfield, Europe’s largest mall landlord, plans to return at least €3.1 billion ($3.5 billion) to shareholders through 2028 as it lays out a new plan for growth after enduring the twin crises wrought by ecommerce and the pandemic.

The Paris-based company will distribute €4.50 a share this year and is targeting a payout ratio of 60% to 70% from 2027, according to a statement Wednesday. Shares of URW gained as much as 1.75% in early Paris trading.