Overview
European shopping mall operator's 2025 EBITDA, up 5.5% year-on-year
Net current cash flow per share beat revised guidance, up 5% yr/yr
Outlook
Klepierre expects 2026 EBITDA of at least €1,130 mln
Company anticipates net current cash flow per share of at least €2.75 in 2026
Klepierre sees stable macroeconomic conditions and flat retailer sales in 2026
Result Drivers
NET RENTAL INCOME - Net rental income rose 5.1% yr/yr, driven by increased footfall and retailer sales, enhancing rental uplift potential
MALL INCOME GROWTH - Mall income surged 12.1%, led by Retail Media and Specialty Leasing
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
2025 Net rental income
€1,120.4 million
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy."
Wall Street's median 12-month price target for Klepierre SA is €35.00, about 1.2% above its February 18 closing price of €34.60
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nGNE1pfjMq
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
