Klépierre : A robust operating performance related to a solid balance sheet and high dividend yield
>Operating performance with organic growth of +6.2% - Klépierre reported a robust operating performance as we expected, and which reflected the normalisation in its activity. It factors in NRI in Q1 2023 of € 228.5m (+6.2% at constant scope):Retail tenants’ sales in Q1 2023 at +13.2% y-o-y: the positive normalisation trend observed previously therefore continued and was driven by several factors : 1/ by geographic zone, the Netherlands and Germany (+26.8%) were t...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.
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.
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