Klépierre reported its FY17 results, revenues increased by 1.6% yoy (in line with our estimates) to €1,321m. Shopping centre NRI was up by 3.3% on an organic basis. The commercial portfolio value reached €23.4bn (c. 98% of the total portfolio), with 4% lfl compared to FY16. The LTV remained stable at 36.8%, thanks to the rise in property values. We remain optimistic following the good set of numbers.
12 Feb 2018
Taking advantage of the favourable climate
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Taking advantage of the favourable climate
Klepierre SA (LI:PAR) | 0 0 1.8% | Mkt Cap: 10,628m
- Published:
12 Feb 2018 -
Author:
Zeineb SAHNOUN -
Pages:
3
Klépierre reported its FY17 results, revenues increased by 1.6% yoy (in line with our estimates) to €1,321m. Shopping centre NRI was up by 3.3% on an organic basis. The commercial portfolio value reached €23.4bn (c. 98% of the total portfolio), with 4% lfl compared to FY16. The LTV remained stable at 36.8%, thanks to the rise in property values. We remain optimistic following the good set of numbers.