Report
Florent Laroche-Joubert

Klépierre : Une exemplarité dans l’exécution atténuée par un effet de marché attendu !

>Une performance opérationnelle exemplaire ! - Klépierre bat cette année encore sa guidance avec un cash-flow net courant par action à 2.82 € (2.79 € hors produits financiers exceptionnels, soit une hausse de +5.4% yoy) vs une guidance initiale à 2.72-2.75 € et supérieure à 2.76 € après relèvement au 30 juin 2019 ; ce qui lui permet de proposer un dividende par action à 2.20 € (+4.8% yoy) conformément à nos attentes et d’abaisser son taux de distribution à 78% (vs 79%...
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

Other Reports on these Companies
Other Reports from Oddo BHF
Ghada Ben Sedrine ... (+2)
  • Ghada Ben Sedrine
  • Nicolas David
Benoit Valleaux ... (+5)
  • Benoit Valleaux
  • Roland Pfaender
  • MBA
  • CFA
  • CCRA
Ghada Ben Sedrine ... (+2)
  • Ghada Ben Sedrine
  • Nicolas David

ResearchPool Subscriptions

Get the most out of your insights

Get in touch