Klépierre : Very strong resilience and good visibility to play the recovery
>2021 NCCF per share beat forecast and an LTV ratio <40% - Klépierre has reported solid full-year earnings that beat forecasts with, in particular 1/ net current cash flow (NCCF) per share at € 2.18 (+10.6% y-o-y) vs guidance and the consensus at € 2.00 and 2/ an LTV ratio below 40% to 38.7%.Sales at retail tenants stood at 95% of the 2019 level between June and December (+10% y-o-y): this illustrates the steady recovery in activity with France (95% vs 2019) and ...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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