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    LI   FR0000121964

KLÉPIERRE

(LI)
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Klepierre : First-half 2021 earnings

07/27/2021 | 12:30pm EDT

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

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.


© Publicnow 2021
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Financials
Sales 2021 990 M 1 161 M 1 161 M
Net income 2021 -1 016 M -1 192 M -1 192 M
Net Debt 2021 8 946 M 10 489 M 10 489 M
P/E ratio 2021 -5,27x
Yield 2021 6,17%
Capitalization 5 493 M 6 448 M 6 440 M
EV / Sales 2021 14,6x
EV / Sales 2022 13,4x
Nbr of Employees 1 040
Free-Float 72,7%
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Technical analysis trends KLÉPIERRE
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 16
Last Close Price 19,25 €
Average target price 19,77 €
Spread / Average Target 2,72%
EPS Revisions
Managers and Directors
Jean-Marc Jestin Chairman-Executive Board
Jean-Michel Gault Chief Financial Officer
David E. Simon Chairman-Supervisory Board
Beñat Ortega Chief Operating Officer
Cyrille Deslandes Chief Investment Officer
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