Klepierre S.A.

Klepierre specializes in the development, rental, and asset management of real estate properties in 13 Continental Europe countries. Co. also provides services to third party customers. Co.'s properties include shopping centers, office buildings and shops. It structures its operation into business segments and geographic regions: Shopping centers are structured into 6 operating segments, and the remaining two operating segments are Retail Assets and Office Buildings. As of Dec 31 2013, Co.'s portfolio comprised 91 centers in France/Belgium, 25 centers in Scandinavia, 35 centers in Italy, 76 centers in Spain/Portugal, 23 centers in Central Europe, and 6 centers in other countries.
  • TickerLI
  • ISINFR0000121964
  • ExchangeEuronext Paris
  • SectorReal Estate Investment Trusts
  • CountryFrance

Thanks to a better fundamental star rating, KLEPIERRE sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to KLEPIERRE (FR), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date June 16, 2020, the closing price was EUR 18.46 and its expected value was estimated at EUR 17.71.

Stephane Houri

Accor : Digitisation post-COVID: what consequences for our sectors and stocks?

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. - >Accelerated digitisation, no turning back - The COVID-19 crisis will without a doubt accelerate use of digital in society in general. The effectiveness of teleworking has...

Benoît Faure-Jarrosson ...
  • Bruno Duclos
  • Stéphane Afonso
  • Vladimir Minot

INVEST SECURITIES - KLEPIERRE : Un bilan solide face à la crise - ACHAT, OC 26€ (vs 37€)

Valérie GASTALDY

Short term view - KLEPIERRE : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €29.96. The next target is at €27.60, then €25.06. Passing €29.96 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - KLEPIERRE : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 29,96 € prochainement. Le prochain objectif est à 27,60 €, puis 25,06 €. Le franchissement de 29,96 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - KLEPIERRE : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €29.96. The next target is at €27.60, then €25.06. Passing €29.96 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - KLEPIERRE : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 29,96 € prochainement. Le prochain objectif est à 27,60 €, puis 25,06 €. Le franchissement de 29,96 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Medium term view - KLEPIERRE : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €30.00, then €24.82. Passing €40.84 would question the continuation of the fall.

Stephane Houri

Accor : Digitisation post-COVID: what consequences for our sectors and stocks?

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. - >Accelerated digitisation, no turning back - The COVID-19 crisis will without a doubt accelerate use of digital in society in general. The effectiveness of teleworking has...

Benoît Faure-Jarrosson ...
  • Bruno Duclos
  • Stéphane Afonso
  • Vladimir Minot

INVEST SECURITIES - KLEPIERRE : Un bilan solide face à la crise - ACHAT, OC 26€ (vs 37€)

Florent Laroche-Joubert

ODDO : The conditions of the resumption of activity in France beginning to shape

>Carmila: sales begin to confirm the positive signals from Klépierre and URW at the beginning of the week - Whilst footfall in shopping centres in France, three weeks after the easing of lockdown conditions, scored 71%, according to CNCC data compared with the same period last year without the reopening of cafés, restaurants and cinemas, yesterday evening Carmila reported encouraging signs for the return to activity whilst at the same time delivering a cautious messa...

Florent Laroche-Joubert

ODDO : Les conditions de la reprise en France commencent à se dessiner

>Carmila : des ventes qui viennent confirmer les signaux positifs de début de semaine de Klépierre et URW - Alors que la fréquentation en France des centres commerciaux après 3 semaines de déconfinement affiche un score de 71 % selon le CNCC par rapport à la même période de l’année dernière sans la réouverture des cafés, restaurants et cinémas, Carmila a communiqué hier soir sur des signes encourageants pour la reprise tout en se montrant prudent après les signaux pos...

Florent Laroche-Joubert

ODDO : Things are starting to look up in France … !

>Most shopping centres with over 40,000 m² in Ile De France region reopened - Operating conditions for retail REITs seeing further improvement. With France set to enter its second phase of release from lockdown as of 2 June, the local authorities of the Ile de France region and Lyon have given the green light for a large proportion of shopping centres of over 40,000 m² to reopen:Klépierre sees light at the end of the tunnel: the group was this Saturday able to re...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - EN

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - FR

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - FR

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Olfa Taamallah
  • Samantha Jeary
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/04/2020

...

Fatma Agnès Hamdani ...
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Olfa Taamallah
  • Samantha Jeary
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/06/2020

...

Baptiste Lebacq ...
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 06/04/2020

Aperam could acquire Outokumpu Americas if, as we anticipate, Outokumpu’s new CEO decides to sell this division which is struggling to achieve the same level profitability as NAS, Acerinox’ subsidiary. Aperam would do better than Outokumpu without compromising its financial ratios. Upside would be >60% to € 42. The target price raised to € 36 factoring in a probability of occurrence of 40%. - ...

Baptiste Lebacq ...
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 04/06/2020

Aperam pourrait acquérir Outokumpu Americas si, comme nous l’anticipons, le nouveau CEO d’Outokumpu décidait de vendre cette division qui peine à atteindre le niveau de profitabilité de NAS, la filiale d’Acerinox. Aperam ferait mieux qu’Outokumpu sans compromettre ses ratios financiers. Son potentiel de revalorisation serait supérieur à 60% à 42 €. OC relevé à 36 € intégrant une probabilité d’occurrence de 40%. - ...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/12/2020

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Thanks to a better fundamental star rating, KLEPIERRE sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to KLEPIERRE (FR), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date June 16, 2020, the closing price was EUR 18.46 and its expected value was estimated at EUR 17.71.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Klepierre – AGM 30 april 2020

In terms of governance and transparency, Klépierre is to be commended. This is due in particular to the separation of the functions of Chairman of the Board and Chairman of the Management Board, as well as the Board's high level of independence (55.56%). In addition, the company communicates its remuneration criteria well. It should be noted that there is no exceptional compensation for the coming year. Concerning the dividend, although the payout rate is particularly high compared with previous years and exceeds our criteria, the dividend is covered by cash flow and is consistent with Klép...

Florian Béchaz

Klépierre - Assemblée Générale du 30 avril 2020

En termes de gouvernance et de transparence, la société Klépierre est à saluer. Cela s'explique notamment par la séparation des fonctions de Président du Conseil et celui du Directoire ainsi qu'un bon taux d'indépendance du Conseil (55,56%). De plus, la société communique bien ses critères de rémunérations, bien que cette dernière offre potentiellement des montants très généreux pour une société du SBF120. On notera l’absence de rémunérations exceptionnelles pour l’année à venir. Concernant le dividende, bien que le taux de distribution soit particulièrement élevé par rapport aux années pré...

Jehanne Leroy

Klépierre, 16 Avril 2019

En termes de gouvernance, la société Klépierre est à saluer. Cela s'explique notamment par la séparation des fonctions de Président du Conseil et celui du Directoire. Aussi, la société jouit d'un bon taux d'indépendance du Conseil (55,56%). Concernant les rémunérations attribuées en 2018 et attribuables en 2019, le seul changement proposé concerne l’augmentation du fixe. Si cette hausse porte le fixe à des montants acceptables, les conséquences de cet écart ne le sont pas. En effet la société n’a pas modifié la structure de la rémunération variable à court et à moyen terme : cette hausse en ...

Klépierre - Assemblée générale des actionnaires du 16 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Klépierre – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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