Report
Florent Laroche-Joubert

Klépierre : Significant resilience to absorb the shock and bounce back afterwards!

>Strengths to absorb the shock … - As the coronavirus epidemic peak and its impact on consumer behaviour begin to materialise, we think that Klépierre is one of the shopping centre REITs best equipped to absorb the shock: Shopping centre footfall should remain significant over 2020. Aside from a few occasional closures locally, we understand that Klépierre's shopping centres are likely to remain largely open in continental Europe and even in stage 3 of the crisis...
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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