Klépierre gained nearly 2% in Paris this morning, as Invest Securities confirmed its 'buy' recommendation on the stock, with a target price of 26.2 euros, following the publication of what it described as 'very good' nine-month operating data.

"Centre tenants reported sales growth of +7%. At the same time, thanks to sustained rental activity, the occupancy rate has been 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 fall in the CFNC, the dividend does not seem to us to be under threat', he continues.

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