KLPEF - Klepierre: Almost 'Business As Usual' For This 6.5% Yielding Commercial REIT
- Klepierre is a large French commercial REIT with activities in France, Italy, and Scandinavia.
- The REIT exceeded my FY 2021 expectations by a wide margin.
- The distribution was hiked by 70% and still represents a payout ratio of less than 80%.
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Klepierre: Almost 'Business As Usual' For This 6.5% Yielding Commercial REIT