Unibail-Rodamco-Westfield (URW.PA)

URW trades at about 80 cents for every euro of assets the company actually owns.

What is going on right now?

The price sits at €90.10, which is below where it was trading over the past couple of months. A rise in French long-term borrowing costs, reportedly hitting a 24-year high, is putting pressure on property companies like this one.

How is the business itself doing?

Unibali-Rodamco-Westfield runs 65 large shopping centers and pulls in around 900 million visits a year. It keeps roughly 67 cents of every euro it earns from operations, and its earnings jumped about 43% recently.

What stands out?

The company carries debt equal to about 1.08 times its own net worth, so when borrowing gets more expensive, the extra cost lands here faster than at a less-leveraged company.

What comes next?

The European Central Bank raised rates on October 24, and how that filters into the refinancing costs on URW's existing debt will show up in its next set of financial results.