Report
Florent Laroche-Joubert

Klépierre : Solid performance before COVID-19 and store reopenings in sight in Q2

>Solid operating performance before COVID-19 - Klépierre reported a solid operating performance in Q1 2020 before factoring in COVID-19:Retailers’ sales rose +2.5% in January-February before the spread of the health crisis.Growth at constant scope in rental revenues came to +2.3% y-o-y before the impact of COVID-19 and +0.1% y-o-y after provisions for variable rents in the lockdown. The -4.3% contraction y-o-y in rental revenues at current scope mainly stems...
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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