Klepierre sees higher cash flow per share, shares hit two-year high

Klepierre SA

17/02/2022 08:16

** Shares in France's Klepierre  LOIM.PA  rise 3.5% to EUR
25.83 as footfall and rent collection at its malls recovered
close to pre-pandemic levels in H2 2021
    ** The group said on Wednesday it expects to generate net
current cash flow per share of EUR 2.30-2.35 in 2022, up
9.5-11.9% compared with the EUR 2.10 per share last year
 urn:newsml:reuters.com:*:nL8N2UQ5IK
    ** It reported FY net rental income up 30.9% to EUR 879.5
mln ($999.20 mln) and plans to propose a dividend of EUR 1.70
per share, up 70% from year ago
    ** The stock of Klepierre, which is up 24% YTD, is trading
at its highest price since February 2020
    ** The stock of French peer Carmila  CARM.PA , which on
Wednesday posted FY recurring EPS slightly higher than guidance,
is up 13% YTD

($1 = 0.8802 euros)

 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))