Report
Florent Laroche-Joubert

Klépierre : A highly robust publication above estimates, which should be tough to beat

>Operating activity returns to the pre-crisis level - Klépierre reported current net cash flow / share for H1 2022 at € 1.32 (+83.7% y-o-y) vs € 1.18 est., reflecting operating activity returning to the pre-crisis level and the collection of additional rents for 2020 and 2021 (impact of € 0.12).Retailers sales in Q2 2022 at 101% of the Q2 2019 level: after a January marked by Omicron, this increased throughout H1, underpinned by the end of pandemic restrictions a...
Underlying
Klepierre SA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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