KLPEF - Klepierre: Mall REIT Hikes Its Dividend And Now Yields 7%
Introduction
The commercial REIT sector in Europe has been hit hard in 2018 as there were doubts about the viability of the sector as e-commerce was expected to undermine the position of brick and mortar stores. There was no need to panic just yet, as the financial results of the mall operators have been meeting or exceeding the expectations. Klépierre (OTCPK:KLPEF), a French mall operator, released its financial results last week, and its net cash flow result per share exceeded the guidance by approximately 2%.
Source: Yahoo Finance
Klépierre is a French