February 5, 2020

Klépierre, the European leader in shopping malls, today reported its full-year 2019 earnings. The main highlights include:


  • Net current cash flow per share up 6.7% vs. 2018 to €2.82 (€2.79, excluding one-off financial income), exceeding the initial guidance of €2.72–€2.75
  • Proposed cash dividend of €2.20 per share, up 4.8% vs. previous year
  • Shopping center Net Rental Income up 3.0% like-for-like
  • Retailer sales up 1.8% like-for-like
  • Net debt/EBITDA decreased to 8.0x (down 0.3x vs. 2018); cost of debt lowered to 1.45%
  • EPRA Net Asset Value per share of €39.50
  • Total disposals of €537 million across Europe
  • Marked acceleration in CSR roadmap implementation: 72% cut in carbon emissions since 2013
  • Net current cash flow guidance for full-year 2020 at €2.85–€2.90

(Re)watch the presentation webcast here 

Read the press release here

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