Klépierre : Quarter confirms 2018 guidance and expectations - Buy recommendation confirmed and target price revised down
>Robust leasing activity set to underpin reversion - Klepierre yesterday evening posted revenues up 2.0% at € 1.006bn for 9M 2018. Like-for-like growth in shopping centre rental income (€ 823.7m over 9M18) remains at a comfortable level of 3.1% (vs 3.2% for H1 2018). This performance was driven by Klepierre’s leasing activity which aims to promote the development of trending stores and to invest in new segments sought after by consumers: the leases signed in 9M 2018 (...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.