URW NV presents management board report and unaudited consolidated financial statements

Unibail-Rodamco-Westfield N.V. (ASX: $URW) has reported its unaudited financial results for the fiscal year ended December 31, 2023. The company's portfolio consists of assets in the United States and The Netherlands. URW NV and its consolidated entities, together with Unibail-Rodamco-Westfield SE and its consolidated entities, form the Unibail-Rodamco-Westfield Group.

Executive Commentary

The Group's consolidated financial statements as at December 31, 2023, were prepared in accordance with International Financial Reporting Standards (IFRS) as applicable in the European Union as at such date. The Group also prepares financial information for internal management purposes in a proportionate format, in which the joint-controlled entities are accounted for on a proportionate basis, instead of being accounted for using the equity method under IFRS. The business review and results are presented based on the financial information on a proportionate basis unless otherwise indicated, with no impact on the net results.

Summary

Unibail-Rodamco-Westfield N.V. (ASX: $URW) has reported its unaudited financial results for the fiscal year ended December 31, 2023. The company's portfolio consists of assets in the United States and The Netherlands. The Group's consolidated financial statements as at December 31, 2023, were prepared in accordance with International Financial Reporting Standards (IFRS) as applicable in the European Union as at such date. The Group also prepares financial information for internal management purposes in a proportionate format, in which the joint-controlled entities are accounted for on a proportionate basis, instead of being accounted for using the equity method under IFRS.