Klépierre : Strong visibility on cash flow and dividend in the medium term
>Management confident about sustainability of rental income growth for at least five years - Against the backdrop of growth in e-commerce, Klépierre’s shopping centres are holding up very well (with, in particular, organic growth of +3.1% in H1 2019) and management seems confident about the sustainability of its rental income for the next few years. This confidence stems in particular from: 1/ ongoing sales growth in the banners operating in the group's shopping cent...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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