Klépierre : Why the Klépierre model is resilient?
>A 2020 dividend of € 2.20 can still be paid out - On our estimates, Klépierre is still in a position to pay a dividend of € 2.20 in 2020, identical to that paid in 2019, in the context of the extension of confinement measures to two months. Even though some 30% of its shopping centres were still operational at the beginning of this week, we have been more aggressive in the scenarios that we have developed which assume the full closure of Klépierre’s shopping centres ...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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