Declared Dividend • May 20
Final dividend of €0.95 announced Shareholders will receive a dividend of €0.95. Ex-date: 3rd July 2026 Payment date: 7th July 2026 Dividend yield will be 5.5%, which is about the same as the industry average. Annonce • Apr 08
Klépierre Announces Changes to Supervisory Board and Committee Changes Klépierre’s Supervisory Board met on April 3, 2026, and paid tribute to Mr. David Simon, Chairman of the Company’s Supervisory Board for 14 years, who passed away on March 22, 2026. The Supervisory Board unanimously decided, on the recommendations of the Nomination and Compensation Committee, with immediate effect, to appoint Mr. Stanley Shashoua as Chairman of the Supervisory Board for the duration of his term as a member of the Supervisory Board and to co-opt Mr. Emmanuel Cronier as a non-independent member of the Supervisory Board, for a period of one year until the end of the Ordinary General Meeting called to approve the financial statements for the 2026 financial year in 2027. Following this decision, Klépierre’s Supervisory Board is composed of 9 members, including 6 independents and 3 representatives of Simon Property Group, including the Chairman. Stanley Shashoua has been a member of the Klépierre Supervisory Board since April 14, 2015. Since 2025, he has been President - International Real Estate of Simon Property Group. After starting his career in finance and real estate, he joined Simon Property Group in 2013 as Head of International Development, before becoming its Chief Investment Officer. Emmanuel Cronier is Senior Managing Director Europe for Simon Property Group. He joined Simon Property Group in 2008, initially serving as Vice President of the International Division, and later as Managing Director Europe. He has more than 30 years of experience in the real estate and industrial sectors. During his career, he has held various management positions, including at Unibail-Rodamco and General Electric. He started his career in 1994 at KPMG in audit and consulting roles. Annonce • Apr 03
Klépierre SA, Annual General Meeting, May 07, 2026 Klépierre SA, Annual General Meeting, May 07, 2026. Location: hotel kimpton saint honore paris, 20 rue daunou, paris France Annonce • Mar 10
Klépierre SA to Report First Half, 2026 Results on Jul 29, 2026 Klépierre SA announced that they will report first half, 2026 results on Jul 29, 2026 Annonce • Sep 24
Klépierre SA to Report Fiscal Year 2025 Results on Feb 19, 2026 Klépierre SA announced that they will report fiscal year 2025 results Pre-Market on Feb 19, 2026 Annonce • Apr 24
Klépierre SA to Report First Half, 2025 Results on Jul 30, 2025 Klépierre SA announced that they will report first half, 2025 results on Jul 30, 2025 Annonce • Mar 20
Klépierre SA, Annual General Meeting, Apr 24, 2025 Klépierre SA, Annual General Meeting, Apr 24, 2025. Location: pavillon cambon capucines, 46 rue cambon, paris France Annonce • Feb 12
Klépierre SA to Report Q1, 2025 Results on Apr 24, 2025 Klépierre SA announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025 Annonce • Dec 20
Klépierre SA to Report Fiscal Year 2024 Results on Feb 12, 2025 Klépierre SA announced that they will report fiscal year 2024 results After-Market on Feb 12, 2025 Reported Earnings • Aug 02
First half 2024 earnings released: EPS: €1.88 (vs €0.18 in 1H 2023) First half 2024 results: EPS: €1.88 (up from €0.18 in 1H 2023). Revenue: €836.7m (up 11% from 1H 2023). Net income: €535.7m (up €484.6m from 1H 2023). Profit margin: 64% (up from 6.8% in 1H 2023). The increase in margin was primarily driven by lower expenses. Revenue is expected to fall by 7.8% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 05
Upcoming dividend of €0.90 per share Eligible shareholders must have bought the stock before 09 July 2024. Payment date: 11 July 2024. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (5.3%). Annonce • May 29
Klépierre SA (ENXTPA:LI) completed the acquisition of Roma Est Shopping Centre from ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm. Klépierre SA (ENXTPA:LI) agreed to acquire Roma Est Shopping Centre from ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm on May 22, 2024. The transaction was expected to close on Friday.Klépierre SA (ENXTPA:LI) completed the acquisition of Roma Est Shopping Centre from ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm on May 27, 2024. Annonce • May 05
Klépierre SA to Report First Half, 2024 Results on Jul 31, 2024 Klépierre SA announced that they will report first half, 2024 results on Jul 31, 2024 Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: €0.68 (vs €1.46 in FY 2022) Full year 2023 results: EPS: €0.68 (down from €1.46 in FY 2022). Revenue: €1.54b (down 1.6% from FY 2022). Net income: €192.7m (down 54% from FY 2022). Profit margin: 13% (down from 27% in FY 2022). Revenue is expected to fall by 8.0% p.a. on average during the next 3 years compared to a 3.1% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 23
Dividend of €0.90 announced Shareholders will receive a dividend of €0.90. Ex-date: 9th July 2024 Payment date: 11th July 2024 Dividend yield will be 7.7%, which is higher than the industry average of 5.6%. Upcoming Dividend • Mar 15
Upcoming dividend of €0.90 per share Eligible shareholders must have bought the stock before 22 March 2024. Payment date: 26 March 2024. Trailing yield: 7.4%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (6.3%). Declared Dividend • Feb 19
Final dividend increased to €0.90 Dividend of €0.90 is 3.4% higher than last year. Ex-date: 22nd March 2024 Payment date: 26th March 2024 Dividend yield will be 7.5%, which is higher than the industry average of 5.6%. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: €0.68 (vs €1.46 in FY 2022) Full year 2023 results: EPS: €0.68 (down from €1.46 in FY 2022). Revenue: €1.50b (down 4.4% from FY 2022). Net income: €192.7m (down 54% from FY 2022). Profit margin: 13% (down from 27% in FY 2022). Revenue is expected to fall by 7.7% p.a. on average during the next 3 years compared to a 2.8% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annonce • Jan 11
Sofidy SA and Klépierre (ENXTPA:LI) signed an agreement to acquire O'Parinor Shopping Centre from Hammerson Plc (LSE:HMSO) and National Pension Service. Sofidy SA and Klépierre (ENXTPA:LI) signed an agreement to acquire O'Parinor Shopping Centre from Hammerson Plc (LSE:HMSO) and National Pension Service on January 9, 2024. As part of this acquisition, Sofidy and Klépierre agree on a capital partnership (respectively 75% and 25% of the capital) and operational partnership in order to take over the asset from Hammerson and the Korean fund National Pension Service of Korea (NPS ). Klépierre being entrusted with the rental and property management contract for the shopping center, and Sofidy with the management of the companies involved. Closing of the transaction is envisaged in early 2024, subject to the usual conditions. Annonce • Dec 01
Klépierre, Annual General Meeting, May 03, 2024 Klépierre, Annual General Meeting, May 03, 2024. Annonce • Oct 20
Klépierre to Report Fiscal Year 2023 Results on Feb 14, 2024 Klépierre announced that they will report fiscal year 2023 results After-Market on Feb 14, 2024 Reported Earnings • Sep 11
First half 2023 earnings released: EPS: €0.18 (vs €1.03 in 1H 2022) First half 2023 results: EPS: €0.18 (down from €1.03 in 1H 2022). Revenue: €753.1m (down 2.9% from 1H 2022). Net income: €51.1m (down 83% from 1H 2022). Profit margin: 6.8% (down from 38% in 1H 2022). Revenue is expected to fall by 8.9% p.a. on average during the next 3 years compared to a 2.9% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 07
Now 20% undervalued Over the last 90 days, the stock is up 9.8%. The fair value is estimated to be €29.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings is forecast to grow by 17% per annum over the same time period. Upcoming Dividend • Jun 30
Upcoming dividend of €0.88 per share at 7.7% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 11 July 2023. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (6.9%). Buying Opportunity • May 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be €26.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 9.1% per annum. Earnings is forecast to grow by 18% per annum over the same time period. Annonce • May 12
Klépierre to Report First Half, 2023 Results on Aug 01, 2023 Klépierre announced that they will report first half, 2023 results on Aug 01, 2023 Annonce • May 11
Klépierre Proposes Dividend for the Fiscal Year 2022, Payable on July 11, 2023 Klépierre proposed €1.75 distribution for the fiscal year 2022 is split into two instalments: An interim cash dividend of €0.87 paid on March 30, 2023; and, The balance of €0.88 per share to be paid on July 11, 2023, comprising: A €0.04 per share “SIIC” dividend; and A €0.84 per share distribution of share premiums qualify as an equity repayment within the meaning of Article 112-1 of the French Tax Code. The ex-distribution date for the final dividend is on July 7, 2023, and the final dividend payment is on July 11, 2023. Buying Opportunity • Mar 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be €25.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 9.3% per annum. Earnings is forecast to grow by 17% per annum over the same time period. Buying Opportunity • Mar 09
Now 20% undervalued Over the last 90 days, the stock is up 6.9%. The fair value is estimated to be €30.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 9.5% per annum. Earnings is forecast to grow by 15% per annum over the same time period. Buying Opportunity • Feb 22
Now 22% undervalued Over the last 90 days, the stock is up 1.8%. The fair value is estimated to be €29.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings is forecast to grow by 18% per annum over the same time period. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: €1.45 (vs €1.91 in FY 2021) Full year 2022 results: EPS: €1.45 (down from €1.91 in FY 2021). Revenue: €1.51b (up 7.3% from FY 2021). Net income: €415.1m (down 24% from FY 2021). Profit margin: 27% (down from 39% in FY 2021). Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Feb 16
Klépierre SA to Report Q1, 2023 Results on May 11, 2023 Klépierre SA announced that they will report Q1, 2023 results Pre-Market on May 11, 2023 Buying Opportunity • Feb 01
Now 21% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be €29.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.7% per annum. Earnings is also forecast to decline by 11% per annum over the same time period. Reported Earnings • Sep 24
First half 2022 earnings released: EPS: €1.03 (vs €0.39 in 1H 2021) First half 2022 results: EPS: €1.03 (up from €0.39 in 1H 2021). Revenue: €775.4m (up 18% from 1H 2021). Net income: €294.6m (up 165% from 1H 2021). Profit margin: 38% (up from 17% in 1H 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 28
First half 2022 earnings released: EPS: €1.03 (vs €0.39 in 1H 2021) First half 2022 results: EPS: €1.03 (up from €0.39 in 1H 2021). Revenue: €775.4m (up 18% from 1H 2021). Net income: €294.6m (up 165% from 1H 2021). Profit margin: 38% (up from 17% in 1H 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is expected to shrink by 31% compared to a 2.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • May 26
Klépierre SA Announces Board Changes Klépierre SA’s Supervisory Board decided at its May 24, 2022, meeting that the company’s executive board shall be composed as follows for a three-year period starting on June 22, 2022: Stéphane Tortajada, appointed as member of the executive board, in charge of the finance department. Stéphane Tortajada has over 25 years’ experience in finance and real estate. He has assumed leadership roles in fields like mergers and acquisitions, financing, capital markets and asset management, having worked both in investment banking institutions, notably Lazard, and most recently as the group head of finance and investment of the energy group EDF for twelve years. He also managed the international real estate arm of Groupe Casino, implementing differentiated strategies of asset rotation, development, and rental reversion on a portfolio of shopping malls. Stéphane Tortajada, 49 years old, is a civil engineer from École nationale des Ponts et Chaussées, graduated from a Master’s degree in Finance (IEP Paris) and is a member of the French Society of Investment Analysts. Jean-Michel Gault, member of the Executive Board whose mandate will expire on June 21, 2022, shall stay at Klépierre with a view to ensuring a smooth transition with his teams. After a 10-year career in the Paribas group, Jean-Michel Gault joined Klépierre in 1998 as Chief Financial Officer before entering the Executive Board in 2005. Upcoming Dividend • May 05
Upcoming dividend of €1.70 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 16 May 2022. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.1%). Higher than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €20.72, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the REITs industry in Europe. Total loss to shareholders of 18% over the past three years. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €1.91 (up from €2.75 loss in FY 2020). Revenue: €1.32b (down 1.2% from FY 2020). Net income: €544.7m (up €1.33b from FY 2020). Profit margin: 41% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to decline by -19% while the reits industry in Germany is not expected to grow. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Annonce • Feb 02
Klépierre SA Announces Resignation of Beñat Ortega as Member of the Executive Board, with Effect as from February 1, 2022 Klépierre SA announced resignation of Beñat Ortega as member of the Executive Board, with effect as from February 1, 2022. Reported Earnings • Sep 05
First half 2021 earnings released: EPS €0.39 (vs €0.57 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €655.3m (down 10% from 1H 2020). Net income: €111.1m (up €274.7m from 1H 2020). Profit margin: 17% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 29
First half 2021 earnings released: EPS €0.39 (vs €0.57 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €655.3m (down 15% from 1H 2020). Net income: €111.1m (up €274.7m from 1H 2020). Profit margin: 17% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 15
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.4%). Reported Earnings • Feb 20
Full year 2020 earnings released: €2.75 loss per share (vs €1.11 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €1.34b (down 18% from FY 2019). Net loss: €785.7m (down 342% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 28
New 90-day high: €21.65 The company is up 105% from its price of €10.57 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.47 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €17.94 The company is up 15% from its price of €15.59 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.05 per share. Annonce • Aug 27
GSZ-Monument Kft cancelled the acquisition of Corvin Plaza, Duna Plaza, Gyor Plaza and Miskolc Plaza from Klépierre SA (ENXTPA:LI). GSZ-Monument Kft agreed to acquire Corvin Plaza, Duna Plaza, Gyor Plaza and Miskolc Plaza from Klépierre SA (ENXTPA:LI) for approximately €220 million on August 2, 2019. The transaction was approved by Hungary's Competition Office (GVH).
GSZ-Monument Kft cancelled the acquisition of Corvin Plaza, Duna Plaza, Gyor Plaza and Miskolc Plaza from Klépierre SA (ENXTPA:LI) on August 2, 2020. Annonce • Aug 02
Klépierre SA Announces Withdraw Its 2020 Operations Guidance in Late April Klépierre SA announced after an encouraging performance in the early months of 2020, the Covid-19 pandemic has affected company's operations leading the company to withdraw its 2020 guidance in late April. Annonce • Jul 31
Klépierre SA to Report Q3, 2020 Results on Oct 23, 2020 Klépierre SA announced that they will report Q3, 2020 results at 5:00 PM, Romance Standard Time on Oct 23, 2020