Klépierre : Exercising caution and patience in an uncertain environment!
>An operating performance in line with the sector - Klépierre published a 2020 operating performance that we consider to be in line with that of other retail REITS:Retailer sales stood at 89% of the 2019 levels (72% including days of closure), while the days of closure for retailers in 2020 were equivalent to the 2.1-month closure of the entire portfolio. Convenience shopping centres were generally the most resilient compared to centres connected to transport hub...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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