CEOChristophe Cuvillier said the company's retail operations proved "veryresilient" in the first half of 2016 in spite of the terrorist attacks inParis and Brussels and a "subdued" economic environment.

Thecompany's net rental income amounted to €781 million in the first half, up 7.7%from €725 million ayear ago.

Thecompany's recurring EPS increased 8.2% year over year to €5.81 from €5.37, or 13.5%when compared with the rebased €5.12 EPS in the first half of 2015.

TheFrench group said that the recurring EPS increase was due to the "robustrental growth" of its shopping centers portfolio, which contributed €643million to the company's net rental income, up 10.6% from the year-ago period.

Asat June 30, the company's pipeline of development projects is worth €7.9billion, while its portfolio value was up 4.1% to about €39.3 billion from2015-end.

Unibail-Rodamcoalso recorded a further decrease in cost of debt to a record low of 1.7% as atthe end of June, from 2.2% in 2015.

Lookingahead, the company expects to generate a recurring EPS of around €11.20 for full year 2016, whichis the top end of its guidance range of between €11.00 and €11.20.