Klépierre : Guidance upgraded, asset values at +2% and still well positioned on new opportunist acquisitions
>Solid H1 performance and asset values at +2% over six months, ahead of its peers - Klépierre turned in a very solid operating performance, beating our expectations. It includes NCCF per share of € 1.25 (+3.3% y-o-y) and a better-than-peer upturn of +2.0% over six months for asset values; this further improves Klépierre's credit metrics. Retailer revenues in H1 2024 at +3.9% y-o-y: the positive trend seen previously has thus continued and sees Klépierre's cost oc...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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