Klépierre, the European leader in shopping malls, today reported earnings for the six-month period ended June 30, 2021. The main highlights include:

  • First-half 2021 net current cash flow (total share) of €248 million or €0.72 per share
  • Collection rate of 70% over the first-half as of July 21, 2021, reflecting 5 months of severe restrictions (out of which 2.5 months of full store closures)
  • Strong sales recovery since reopening, with June sales reaching 96%(2) of the 2019 level, and up 15% compared to June 2020
  • Dynamic leasing activity with almost 800 leases signed, and positive reversion
  • Loan-to-Value flat compared to December 31, 2020 at 41.1% pro forma(3)
  • €472 million in disposals closed since January 1st (including the sale of five assets in Norway on July 8, for a total consideration of €435 million)
  • EPRA Net Tangible Asset Value per share at €29.70(4)
  • Guidance confirmed for 2021 net current cash flow per share expected at €1.80(5), assuming no more store closures or severe restrictions

Read the press release

Attachments

  • Original document
  • Permalink

Disclaimer

Klépierre SA published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 16:29:07 UTC.