Klepierre (ex-Compagnie Fonciere Klepierre) SA

Latest Results (21.12.2024):

Net Current Cash Flow

In 2023, Klépierre (ex-Compagnie Fonciere Klepierre) SA reported a net current cash flow of €2.48 per share, marking a significant increase of 10.7% compared to the previous year. This performance exceeded the initial guidance by 5.5%, showcasing the company's robust financial health and effective asset management strategies.

EBITDA Growth

Klépierre's EBITDA for 2023 rose by 9.6% compared to 2022, reflecting the company's strong operational performance. This growth is attributed to increased retailer sales and effective cost management, positioning the company for continued success in the competitive shopping mall sector.

Retailer Sales and Occupancy

The company experienced a 6% like-for-like increase in retailer sales in 2023, with a financial occupancy rate of 96.0%, up 20 basis points from the previous year. This indicates a strong demand for retail space in Klépierre's shopping malls, driven by sectors such as food & beverage and leisure.

Dividend Proposal

For the fiscal year 2023, Klépierre plans to propose a higher cash distribution to shareholders of €1.80 per share. This distribution is set to be paid in two installments, reflecting the company's commitment to returning value to its shareholders while maintaining a strong financial position.

Portfolio Valuation and Investments

As of December 31, 2023, Klépierre's portfolio valuation remained stable at €19,331 million on a like-for-like basis. The company continues to invest in high-return opportunities, including the extension of existing malls and strategic acquisitions, ensuring sustainable growth and value creation for stakeholders.