ASX-listed global operator of shopping centres, Unibail-Rodamco-Westfield (ASX:URW) unveiled its half-year financial report.
URW disclosed that in the first half 2020 net rental income decline by 14.2% like-for-like after malls were forced to shut down during COVID-19 induced lockdowns.
Unibail reported net rental income of €1.06 billion, which were €1.13 billion in the first half of 2020. The company notified that almost all of its centres were closed for a weighted average closure period of 67 days from mid-March.
Moreover, URW said footfall in the European centres has demonstrated encouraging recovery until now in the regions that reopen 11 to 12 weeks.
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Find out the drivers for the rise in cannabis stock rates Even though the cannabis sector is in its growing phase, Australian cannabis stocks have already started to rise actively due to a hastily increasing patient base, and a legislative landscape that is gradually beginning to liberalise.
Outreach and future of cannabis stocks As countries liberalise regulation for medical and recreational use of cannabis, it is predicted that the industry would grow sharply in upcoming years The global cannabis market stands currently at around $8 billion and it is expected that the hemp derived CBD market to hit approximately $22 billion by 2022.
Key Players in the sector Althea Group Holdings Limited (ASX: AGH) and Cann Group Limited (ASX: CAN) are amongst the top players. Other Australia cannabis market players are- MGC Pharmaceuticals Ltd (ASX: MXC), Elixinol Global Limited (ASX: EXL), THC Global Group Limited (ASX: THC), AusCann Group Holdings Limited (ASX: AC8)