Report
Florent Laroche-Joubert

Klépierre : Why Klépierre still looks like the most solid stock

>A good compromise between its geography & the quality of its tenants! - Klépierre seems to us to be the best equipped retail REIT of the moment to get through the current pandemic. It offers, notably, very good resilience in the current context with a good compromise in terms of its geographic positioning exclusively in continental Europe (vs US + UK for URW) and exposure to the Nordic countries, which are less affected at this stage by the pandemic: Some 79% of...
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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