KLPEF News and Press, Klepierre Sa Ord From 02/10/23

Summary Unibail-Rodamco-Westfield delivered solid results for its fiscal year 2022, marking an almost complete recovery from the impact of Covid. Earnings and EBITDA grew considerably compared to 2021, occupancy continues to improve, and leasing remains healthy with positive spreads. ...

Summary Klépierre is close to making a full-recovery from the pandemic's impact; for example, its financial occupancy is now at 95.6%. While class A mall operators in the US look very cheap to us, we believe European mall operators might be even cheaper, and with a lower mall densi...

Summary The company’s focus on prime centers allowed it to keep its dividend payments expanding during the Great Recession. I think Klepierre’s business model should work well in the current macroeconomic environment too. With net current cash flow expected to re...

Summary The death of the mall has been greatly exaggerated and this presents a rare opportunity for contrarian investors. Class A malls have been extremely resilient, quickly recovering from the Covid crisis and so far showing good results despite the increased economic uncertaint...

Klepierre is one of the largest commercial REITs in Europe, with an asset base of in excess of 20B EUR. The full-year earnings guidance has been hiked to 2.45 EUR per share, but I think this is still conservative. Trading at very attractive multiples and a 25% discount to the Net ...

Klépierre owns and operates high-quality shopping malls in some of the most attractive European cities, including Paris, Madrid, Barcelona, and Rome. Klépierre is a company that used to trade at a significant premium to book value, and is now trading at only ~0.65x its book ...

Klépierre (KLPEF) H1 2022 Earnings Conference Call July 27 2022 3:00 AM ET Company Participants Jean-March Jestin - Chairman of the Executive Board Stephane Tortajada - Chief Financial Officer, Member of the Executive Board Conference Call Participants ...

Klépierre ( OTCPK:KLPEF ): 1H GAAP EPS of $1.30. Revenue of $613.8M (+29.1% Y/Y) beats by $94.05M . - Retailer sales(3) near or above pre-pandemic level in the 5 undisturbed months of 2022, with a significant acceleration in the second quarter . - EPRA Net Ta...

Most investments, even in higher yielding sectors, pay just around 3%. I aim to earn closer to 5-8% by investing in undervalued REITs. I present a few 8% yielding opportunities that I am buying. For further details see: 2 Buy Alerts: 8% Yielding Stocks With Upside Potent...

Klépierre suffered significantly from the Covid lockdowns, along with its tenants. The recovery is going well, with their tenants' retail sales getting close to pre-Covid levels, and occupancy in its malls recovering quickly. The company has also taken steps to strengthen the...