KLPEF - KléPierre: Another Chance To Yield 7% With A High-Quality REIT
We have increased our position in Klépierre (KLPEF). The company is one of the largest and highest-quality REITs in Europe. Morgan Stanley recently issued a report highlighting the downside risks for European retail property, noting the possibility of online channels gaining more share of total retail sales. Klépierre’s stock price slumped following the report, adding to pressure on the company’s market valuation which has dropped by over one-third since its 2015 peak. Dividend investors may do well to view the depressed stock price as an attractive opportunity to pick up a high-quality REIT