Ground rents paid Property operating expenses Operating expenses and net service charges Operating expenses and net service charges Net rental income Net property development and project management income Net property development and project management income Property services and other activities revenues Property services and other activities expenses Net property services and other activities income Net property services and other activities income Contribution of companies accounted for using the equity method Contribution of companies accounted for using the equity method Corporate expenses Administrative expenses Acquisition and other costs Proceeds from disposal of investment properties Carrying value of investment properties sold Result on disposal of investment properties Valuation gains on assets Valuation losses on assets Valuation movements on assets Valuation movements on assets Net operating result after contribution of companies accounted for using the equity method  Net operating result after contribution of companies accounted for using the equity method  Financial income Interest income except on loans to related parties and interest expense on borrowings Interest income except on loans to related parties and interest expense on borrowings Fair value adjustments of derivatives, debt and currency effect Debt discounting Net result for the period attributable to the holders of the stapled shares analysed by amount attributable to Unibail Rodamco Westfield SE members Net result for the period attributable to the holders of the stapled shares analysed by amount attributable to Unibail Rodamco Westfield N.V. members Net result for the period (Holders of the Stapled Shares) Investment properties at fair value Investment properties at cost Shares and investments in companies accounted for using the equity method Equity attributable to Unibail-Rodamco-Westfield S.E members Equity attributable to Unibail-Rodamco-Westfield N.V. members Non current commitment to external non-controlling interests Current commitment to external non-controlling interests Amounts due to suppliers and other creditors Amounts due to suppliers and other creditors Current liabilities, other Adjustments for depreciation & provisions Adjustments for changes in value of financial instruments Adjustments for income on financial assets Adjustments for net financing costs Cash flow before net financing costs and tax Cash flow before net financing costs and tax Income on financial assets classified as operating activities TOTAL CASH FLOW FROM OPERATING ACTIVITIES Cash flows from property activities classified as investing activities Cash flows from property activities classified as investing activities Cash flows from financial activities classified as investing activities Cash flows from financial activities classified as investing activities TOTAL CASH FLOW FROM INVESTMENT ACTIVITIES New hybrid securities classified as financing activities Cash outflows from hybrid securities classified as financing activities Cash flows from coupon on the Hybrid Securities classified as financing activities Cash flows from financial income classified as financing activities TOTAL CASH FLOW FROM FINANCING ACTIVITIES Change in cash and cash equivalents during the period Net cash and cash equivalents at the beginning of the year Net cash and cash equivalents at period-end Distribution by US companies accounted for using equity method Hybrid Securities [member] Decrease from Hybrid Securities Perpetual subordinated bonds and convertible instruments, Hybrid Perp NC 2026 Perpetual subordinated bonds and convertible instruments, Hybrid Perp NC 2030 Perpetual subordinated bonds and convertible instruments, Hybrid Perp NC 2031 Decrease from Hybrid Securities reserve Disclosure of climate change and risks Disclosure of result on disposal of investment properties and loss of control Disclosure of covenants