KLPEF - KléPierre: A REIT With A 6% Dividend Yield Repurchasing Its Own Stock
Introduction
As Klépierre (OTCPK:KLPEF) is a part of the Nest Egg Portfolio, I am keeping an eye on its performance to make sure it still deserves its spot in the portfolio. As the company has now released its full-year financial results, this is a good moment to review its performance and to check if the official appraisal values of the assets appear to be reasonable. I was positively surprised by the dividend announcement, as the 1.96 EUR in declared dividends was almost 6% higher than my expectation of 1.85 EUR per share.
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