Klepierre experienced a slight negative revaluation of 0.9% in its full €24bn portfolio in H1 19. The rate does not look harsh, but it could last. For now, more than some peers, the group is protected by its 3% lfl growth in rents. All in all, the NNNAV was down 3.6% in six months despite its resilient rents.

25 Jul 2019
Resilient, but not enough to avoid some first negative revaluations in H1 19

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Resilient, but not enough to avoid some first negative revaluations in H1 19
Klepierre SA (LI:PAR) | 0 0 1.8% | Mkt Cap: 10,628m
- Published:
25 Jul 2019 -
Author:
Christian Auzanneau -
Pages:
4 -
Klepierre experienced a slight negative revaluation of 0.9% in its full €24bn portfolio in H1 19. The rate does not look harsh, but it could last. For now, more than some peers, the group is protected by its 3% lfl growth in rents. All in all, the NNNAV was down 3.6% in six months despite its resilient rents.