Invest Securities has reaffirmed its 'buy' recommendation and price target of 26.2 euros for Klépierre, following the commercial property company's publication of nine-month operating data judged to be 'very good'.

'Centre tenants reported sales growth of +7%. At the same time, thanks to sustained rental activity, the occupancy rate was maintained at the very satisfactory level of 95.8%, with no apparent deterioration in rents", points out the analyst.

With a balance sheet that is not under pressure, the property company has not announced any further disposals, while access to liquidation remains satisfactory. Despite the expected drop in the CFNC, the dividend does not seem to us to be under threat", he continues.

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