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Klépierre

OTCPK:KLPE.F
Snowflake Description

6 star dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KLPE.F
OTCPK
€9B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Klépierre, the pan-European leader in shopping malls, combines development, property and asset management skills. The last earnings update was 17 days ago. More info.


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KLPE.F Share Price and Events
7 Day Returns
4.1%
OTCPK:KLPE.F
0.5%
US REITs
-1.1%
US Market
1 Year Returns
-
OTCPK:KLPE.F
17.4%
US REITs
6.4%
US Market
KLPE.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Klépierre (KLPE.F) 4.1% 22% 18% - - -20.9%
US REITs 0.5% 1.5% 15.4% 17.4% 12.4% 29.3%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • No trading data on KLPE.F.
  • No trading data on KLPE.F.
Price Volatility
KLPE.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Klépierre undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Klépierre to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Klépierre.

OTCPK:KLPE.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:KLPE.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.542 (1 + (1- 33%) (102.89%))
0.943
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.943 * 6.65%)
9%

Discounted Cash Flow Calculation for OTCPK:KLPE.F using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for Klépierre is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Klépierre is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

OTCPK:KLPE.F DCF 1st Stage: Next 10 year cash flow forecast
Funds From Operations (FFO) (EUR, Millions) Source Present Value
Discounted (@ 9%)
2019 814.50 Analyst x4 747.22
2020 831.50 Analyst x4 699.80
2021 859.00 Analyst x2 663.23
2022 867.00 Analyst x1 614.11
2023 888.70 Analyst x1 577.48
2024 908.96 Est @ 2.28% 541.85
2025 930.90 Est @ 2.41% 509.10
2026 954.26 Est @ 2.51% 478.76
2027 978.83 Est @ 2.58% 450.52
2028 1,004.50 Est @ 2.62% 424.14
Present value of next 10 years cash flows €5,706.21
OTCPK:KLPE.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,004.50 × (1 + 2.73%) ÷ (9% – 2.73%)
€16,446.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €16,446.85 ÷ (1 + 9%)10
€6,944.61
OTCPK:KLPE.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €5,706.21 + €6,944.61
€12,650.82
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €12,650.82 / 295.77
€44.47
OTCPK:KLPE.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:KLPE.F represents 1.17073x of ENXTPA:LI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.17073x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 44.47 x 1.17073
$52.06
Value per share (USD) From above. $52.06
Current discount Discount to share price of $36.00
= -1 x ($36.00 - $52.06) / $52.06
30.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Klépierre is available for.
Intrinsic value
31%
Share price is $36 vs Future cash flow value of $52.06
Current Discount Checks
For Klépierre to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Klépierre's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Klépierre's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Klépierre's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Klépierre's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KLPE.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.80
ENXTPA:LI Share Price ** ENXTPA (2019-03-21) in EUR €30.75
United States of America REITs Industry PE Ratio Median Figure of 152 Publicly-Listed REITs Companies 30.93x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Klépierre.

OTCPK:KLPE.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:LI Share Price ÷ EPS (both in EUR)

= 30.75 ÷ 2.80

10.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Klépierre is good value based on earnings compared to the US REITs industry average.
  • Klépierre is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Klépierre's expected growth come at a high price?
Raw Data
OTCPK:KLPE.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
-10.7%per year
United States of America REITs Industry PEG Ratio Median Figure of 139 Publicly-Listed REITs Companies -0.21x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

OTCPK:KLPE.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.99x ÷ -10.7%

-1.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Klépierre earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Klépierre's assets?
Raw Data
OTCPK:KLPE.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €34.82
ENXTPA:LI Share Price * ENXTPA (2019-03-21) in EUR €30.75
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.84x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
OTCPK:KLPE.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:LI Share Price ÷ Book Value per Share (both in EUR)

= 30.75 ÷ 34.82

0.88x

* Primary Listing of Klépierre.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Klépierre is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Klépierre's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Klépierre has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Klépierre expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Klépierre expected to grow at an attractive rate?
  • Klépierre's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Klépierre's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Klépierre's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KLPE.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KLPE.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts -10.7%
OTCPK:KLPE.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts -0.2%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.6%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:KLPE.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KLPE.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,483 1,057 1
2022-12-31 1,314 1,049 2
2021-12-31 1,312 954 658 7
2020-12-31 1,302 952 624 11
2019-12-31 1,275 873 892 11
OTCPK:KLPE.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,378 1,020 839
2018-09-30 1,398 1,026 1,058
2018-06-30 1,417 1,032 1,277
2018-03-31 1,412 1,033 1,253
2017-12-31 1,407 1,034 1,229
2017-09-30 1,404 1,006 1,220
2017-06-30 1,401 979 1,212
2017-03-31 1,405 967 1,202
2016-12-31 1,408 956 1,191
2016-09-30 1,427 938 976
2016-06-30 1,445 921 762
2016-03-31 1,426 923 518

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Klépierre's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Klépierre's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:KLPE.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Klépierre Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KLPE.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 -1.70 -1.70 -1.70 1.00
2021-12-31 2.68 4.59 2.02 5.00
2020-12-31 2.51 3.26 1.70 5.00
2019-12-31 2.62 3.41 1.16 6.00
OTCPK:KLPE.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.80
2018-09-30 3.52
2018-06-30 4.23
2018-03-31 4.12
2017-12-31 4.01
2017-09-30 3.96
2017-06-30 3.90
2017-03-31 3.86
2016-12-31 3.82
2016-09-30 3.15
2016-06-30 2.47
2016-03-31 1.68

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Klépierre is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Klépierre's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Klépierre has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Klépierre performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Klépierre's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Klépierre has delivered over 20% year on year earnings growth in the past 5 years.
  • Klépierre's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Klépierre's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
Klépierre's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Klépierre Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KLPE.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,378.10 838.80 185.40
2018-09-30 1,397.75 1,057.90 188.15
2018-06-30 1,417.40 1,277.00 187.90
2018-03-31 1,411.95 1,252.80 187.20
2017-12-31 1,406.50 1,228.60 189.50
2017-09-30 1,403.95 1,220.40 192.15
2017-06-30 1,401.40 1,212.20 194.80
2017-03-31 1,404.90 1,201.75 196.20
2016-12-31 1,408.40 1,191.30 197.60
2016-09-30 1,426.65 976.45 199.95
2016-06-30 1,444.90 761.60 202.30
2016-03-31 1,425.75 518.15 215.85
2015-12-31 1,406.60 274.70 229.40
2015-09-30 1,217.65 -250.00 216.45
2015-06-30 1,107.10 -0.20 203.50
2015-03-31 1,017.50 319.90 182.10
2014-12-31 927.90 640.00 160.70
2014-09-30 975.03 678.71 164.38
2014-06-30 1,022.17 717.42 168.05
2014-03-31 1,044.25 385.51 169.67
2013-12-31 1,066.34 53.60 171.28
2013-09-30 1,077.31 95.30 171.46
2013-06-30 1,088.27 137.01 171.64
2013-03-31 1,093.16 151.80 169.05
2012-12-31 1,098.04 166.59 166.46
2012-09-30 1,083.40 158.52 160.25
2012-06-30 1,068.77 150.45 154.04
2012-03-31 1,057.15 146.43 152.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Klépierre has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Klépierre used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Klépierre's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Klépierre's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Klépierre has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Klépierre's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Klépierre's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Klépierre's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Klépierre's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Klépierre's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Klépierre Company Filings, last reported 2 months ago.

OTCPK:KLPE.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,893.20 9,330.60 304.50
2018-09-30 12,893.20 9,330.60 304.50
2018-06-30 12,806.80 9,558.50 246.00
2018-03-31 12,806.80 9,558.50 246.00
2017-12-31 12,960.40 9,715.40 564.50
2017-09-30 12,960.40 9,715.40 564.50
2017-06-30 12,352.00 9,850.40 461.40
2017-03-31 12,352.00 9,850.40 461.40
2016-12-31 12,536.30 9,418.60 578.80
2016-09-30 12,536.30 9,418.60 578.80
2016-06-30 6,581.30 10,023.30 570.00
2016-03-31 6,581.30 10,023.30 570.00
2015-12-31 11,729.30 9,639.90 413.70
2015-09-30 7,039.20 9,639.90 418.00
2015-06-30 7,591.90 10,351.90 367.40
2015-03-31 7,591.90 10,351.90 367.40
2014-12-31 3,565.90 5,830.30 144.30
2014-09-30 3,565.90 5,830.30 144.30
2014-06-30 3,638.87 6,288.27 178.11
2014-03-31 3,638.87 6,288.27 178.11
2013-12-31 3,397.46 7,714.35 127.50
2013-09-30 3,397.46 7,714.35 127.50
2013-06-30 3,304.73 8,150.03 225.97
2013-03-31 3,304.73 8,150.03 225.97
2012-12-31 3,620.72 8,203.17 206.01
2012-09-30 3,620.72 8,203.17 206.01
2012-06-30 3,506.09 8,484.95 240.68
2012-03-31 3,506.09 8,484.95 240.68
  • Klépierre's level of debt (72.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (226.4% vs 72.4% today).
  • Debt is not well covered by operating cash flow (10.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).
X
Financial health checks
We assess Klépierre's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Klépierre has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Klépierre's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.83%
Current annual income from Klépierre dividends. Estimated to be 7.27% next year.
If you bought $2,000 of Klépierre shares you are expected to receive $137 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Klépierre's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Klépierre's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:KLPE.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:KLPE.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.47 1.00
2022-12-31 2.12 2.00
2021-12-31 2.27 9.00
2020-12-31 2.26 14.00
2019-12-31 2.19 14.00
OTCPK:KLPE.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-06 2.100 6.881
2018-02-07 1.960 6.273
2017-02-06 1.820 5.163
2016-02-09 1.700 4.355
2015-03-10 1.600 3.889
2015-02-12 1.600 3.609
2014-03-10 1.550 4.396
2014-02-03 1.550 4.700
2013-01-31 1.500 4.677
2012-08-09 1.450 5.100
2012-02-07 1.450 5.782
2011-02-08 1.350 5.548
2010-03-08 1.250 4.842
2010-02-09 1.250 4.556
2009-03-25 1.250 5.611

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Klépierre's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (380.2x coverage).
X
Income/ dividend checks
We assess Klépierre's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Klépierre afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Klépierre has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Klépierre's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jean-Marc Jestin
COMPENSATION €2,265,989
AGE 49
TENURE AS CEO 2.3 years
CEO Bio

Mr. Jean-Marc Jestin has been Chairman of the Klepierre Executive Board since November 2016, after serving as Chief Operating Officer and Member of the Klepierre Executive Board since October 2012. Previously, he held a number of positions in real estate companies. He was Chief Financial Officer and then Chief Operating Officer of the pan-European platform Simon Ivanhoe from 1999 to 2007. He then changed to Unibail-Rodamco International team, acting as Deputy Chief Investment Officer in charge of acquisitions, sales and M&A transactions. He started his career in 1991 at Arthur Andersen in an audit function where he contributed to the development of the Real Estate Practice. Appointments expired during the last five years: • Chairman and Deputy CEO: - SAS Immobiliere Lidice - Rodamco France • Non-Partner Manager: Societe Fonciere Immobiliere • Chairman: Uni-Commerces • Deputy CEO: - Alba - SAS Immobiliere Chateau Garnier - Unibail Management • Co-Managing partner: - Unibail Rodamco SIF France - Groupe BEG - Fonciere d’Investissement - Unibail Rodamco SIF Services - BAY 1 BAY 2 - BEG Investissements - TC Design • Managing Partner: - Rodamco Ceska republika s.r.o. (renamed Unibail-Rodamco Ceska republika s.r.o.) (Czech Republic) - Centrum Cerny Most a.s. (Czech Republic) - Centrum Praha Jih - Chodov s.r.o. (Czech Republic) - Rodamco Pankrac a.s. (Czech Republic) - Moravska Obchodni, a.s. (Czech Republic) - Euro-Mall Kft (Hungary) - Vezer Center Kft (Hungary) - Rodamco Deutschland GmbH (Germany) - Arkadia Centrum Handlowe Sp. z o.o. (Poland) - Wilenska Centrum Handlowe Sp. z o.o. (Poland) - Gdansk Station Shopping Mall Sp. z o.o. (Poland) - Wilenska Station Shopping Mall Sp. z o.o. (Poland) - Lodz Nord Shopping Mall Sp. z o.o. (liquidated) (Poland) - Wroclaw Garage Shopping Mall Sp. z o.o. (liquidated) (Poland) - Bydgoszcz Shopping Mall Sp. z o.o. (liquidated) (Poland) - Gliwice Shopping Mall Sp. z o.o. (liquidated) (Poland) - Polskie Domy Handlowe Sp. z o.o. (liquidated) (Poland) • Supervisory Board Member: Rodamco CH1 Sp. z o.o. (Poland)

CEO Compensation
  • Jean-Marc's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Jean-Marc's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Klépierre management team in years:

2.3
Average Tenure
52
Average Age
  • The tenure for the Klépierre management team is about average.
Management Team

Jean-Marc Jestin

TITLE
Chairman of the Executive Board
COMPENSATION
€2M
AGE
49
TENURE
2.3 yrs

Jean-Michel Gault

TITLE
Deputy CEO
COMPENSATION
€2M
AGE
58
TENURE
21.2 yrs

Beñat Ortega

TITLE
Chief Operating Officer
TENURE
2.3 yrs

Cyrille Deslandes

TITLE
Chief Investment Officer
TENURE
1.2 yrs

Hubert d’AILLIÈRES

TITLE
Group Head of Investor Relations & Financial Communication

Marie-Thérèse Dimasi

TITLE
Chief Legal & Human Resources Officer
AGE
55
TENURE
7.8 yrs

Julien Goubault

TITLE
Chief Communications Officer
AGE
40
TENURE
2.3 yrs

Sonia Torti

TITLE
Head of Marketing Arcades / France

Gilles Latini

TITLE
Head of Southeast Development

Michaël Farbos

TITLE
Chief Development Officer
Board of Directors Tenure

Average tenure and age of the Klépierre board of directors in years:

3.9
Average Tenure
56
Average Age
  • The tenure for the Klépierre board of directors is about average.
Board of Directors

David Simon

TITLE
Supervisory Board Chairman
COMPENSATION
€98K
AGE
56
TENURE
7 yrs

Rose-Marie Van Lerberghe

TITLE
Vice Chairman of the Board
COMPENSATION
€84K
AGE
71
TENURE
2.2 yrs

Catherine Simoni

TITLE
Supervisory Board Member
COMPENSATION
€86K
AGE
54
TENURE
6.3 yrs

John Carrafiell

TITLE
Supervisory Board Member
COMPENSATION
€71K
AGE
53
TENURE
4.3 yrs

Steve Fivel

TITLE
Supervisory Board Member
COMPENSATION
€106K
AGE
57
TENURE
7 yrs

Stanley Shashoua

TITLE
Supervisory Board Member
COMPENSATION
€80K
AGE
47
TENURE
3.9 yrs

Florence von Erb

TITLE
Supervisory Board Member
COMPENSATION
€49K
AGE
58
TENURE
3.1 yrs

Béatrice de Clermont-Tonnerre

TITLE
Supervisory Board Member
COMPENSATION
€49K
AGE
45
TENURE
2.9 yrs

Robert Fowlds

TITLE
Supervisory Board Member
COMPENSATION
€37K
AGE
56
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Mar 18 Buy Coronation Fund Managers Limited Company 27. Mar 18 27. Mar 18 27,974 $39.55 $1,106,253
11. Apr 18 Buy Coronation Fund Managers Limited Company 10. Apr 18 10. Apr 18 1,811 $40.55 $73,445
06. Apr 18 Sell Lazard Asset Management LLC Company 05. Apr 18 05. Apr 18 -401 $40.22 $-16,127
04. Apr 18 Sell Lazard Asset Management LLC Company 03. Apr 18 03. Apr 18 -73 $39.79 $-2,905
16. Apr 18 Sell CBRE Clarion Securities Company 13. Apr 18 13. Apr 18 -10,316 $42.30 $-436,361
16. Apr 18 Sell Societe Generale Group, Banking Investments Company 13. Apr 18 13. Apr 18 -134,893 $42.74 $-5,765,454
16. Apr 18 Buy Societe Generale Group, Banking Investments Company 13. Apr 18 13. Apr 18 65,911 $42.77 $2,818,723
16. Apr 18 Sell BlackRock, Inc. Company 13. Apr 18 13. Apr 18 -2,908 $42.17 $-122,642
16. Apr 18 Buy BlackRock, Inc. Company 13. Apr 18 13. Apr 18 9,830 $42.33 $413,901
16. Apr 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 12. Apr 18 12. Apr 18 -129,126 $40.97 $0
16. Apr 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 12. Apr 18 12. Apr 18 85,615 $41.02 $0
13. Apr 18 Sell Lazard Asset Management LLC Company 12. Apr 18 12. Apr 18 -256 $40.82 $-10,449
13. Apr 18 Sell Societe Generale Group, Banking Investments Company 12. Apr 18 12. Apr 18 -164,927 $41.10 $-6,778,685
13. Apr 18 Buy Societe Generale Group, Banking Investments Company 12. Apr 18 12. Apr 18 155,136 $41.08 $6,372,442
13. Apr 18 Sell CBRE Clarion Securities Company 12. Apr 18 12. Apr 18 -268,279 $40.82 $-10,951,361
13. Apr 18 Sell BlackRock, Inc. Company 12. Apr 18 12. Apr 18 -1,050 $40.68 $-42,716
13. Apr 18 Buy BlackRock, Inc. Company 12. Apr 18 12. Apr 18 6,179 $40.68 $251,376
13. Apr 18 Sell State Street Global Advisors, Inc. Company 12. Apr 18 12. Apr 18 -18,098 $40.68 $-736,269
13. Apr 18 Buy State Street Global Advisors, Inc. Company 12. Apr 18 12. Apr 18 668 $40.68 $27,176
13. Apr 18 Buy Legal & General Investment Management Limited Company 12. Apr 18 12. Apr 18 137 $40.68 $5,573
13. Apr 18 Sell Amundi Asset Management Company 12. Apr 18 12. Apr 18 -212,828 $40.73 $-8,668,304
13. Apr 18 Buy Amundi Asset Management Company 12. Apr 18 12. Apr 18 3,842 $40.68 $156,302
13. Apr 18 Sell UBS Asset Management Company 12. Apr 18 12. Apr 18 -6,490 $40.82 $-264,927
11. Apr 18 Sell UBS Asset Management Company 10. Apr 18 10. Apr 18 -11,657 $40.64 $-473,282
11. Apr 18 Buy UBS Asset Management Company 10. Apr 18 10. Apr 18 9,561 $40.64 $388,570
11. Apr 18 Sell BNPP Asset Management Holding Company 10. Apr 18 10. Apr 18 -28,192 $6.16 $-173,769
11. Apr 18 Sell CBRE Clarion Securities Company 10. Apr 18 10. Apr 18 -100,350 $40.52 $-4,065,771
11. Apr 18 Buy CBRE Clarion Securities Company 10. Apr 18 10. Apr 18 2,356 $40.35 $95,060
11. Apr 18 Sell Societe Generale Group, Banking Investments Company 10. Apr 18 10. Apr 18 -57,116 $40.84 $-2,332,530
11. Apr 18 Buy Societe Generale Group, Banking Investments Company 10. Apr 18 10. Apr 18 2,528,679 $40.88 $103,360,922
11. Apr 18 Sell M&G Investment Management Limited Company 10. Apr 18 10. Apr 18 -606 $40.42 $-24,494
11. Apr 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 06. Apr 18 06. Apr 18 -64,168 $40.39 $0
11. Apr 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 06. Apr 18 06. Apr 18 74,791 $40.39 $0
11. Apr 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 10. Apr 18 10. Apr 18 -51,573 $40.56 $-6,895
11. Apr 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 10. Apr 18 10. Apr 18 84,479 $40.82 $0
12. Apr 18 Sell Societe Generale Group, Banking Investments Company 11. Apr 18 11. Apr 18 -18,019 $40.97 $-738,297
12. Apr 18 Buy Societe Generale Group, Banking Investments Company 11. Apr 18 11. Apr 18 41,557 $40.95 $1,701,696
12. Apr 18 Sell BlackRock, Inc. Company 11. Apr 18 11. Apr 18 -12,874 $40.76 $-524,780
12. Apr 18 Buy BlackRock, Inc. Company 11. Apr 18 11. Apr 18 5,730 $40.74 $233,129
12. Apr 18 Sell UBS Asset Management Company 11. Apr 18 11. Apr 18 -6,305 $40.86 $-257,525
12. Apr 18 Sell CBRE Clarion Securities Company 11. Apr 18 11. Apr 18 -244,099 $40.85 $-9,972,423
12. Apr 18 Sell Standard Life Aberdeen plc Company 11. Apr 18 11. Apr 18 -2,304 $40.76 $-93,917
12. Apr 18 Sell M&G Investment Management Limited Company 11. Apr 18 11. Apr 18 -612 $46.82 $-28,651
12. Apr 18 Sell BNPP Asset Management Holding Company 11. Apr 18 11. Apr 18 -9,733 $6.21 $-60,446
12. Apr 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 11. Apr 18 11. Apr 18 -145,866 $40.85 $-5,932,378
12. Apr 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 11. Apr 18 11. Apr 18 174,862 $40.91 $7,153,471
11. Apr 18 Buy BlackRock, Inc. Company 10. Apr 18 10. Apr 18 11,079 $40.64 $450,264
11. Apr 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 09. Apr 18 09. Apr 18 -170,866 $40.68 $-3,324,054
11. Apr 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 09. Apr 18 09. Apr 18 73,823 $40.66 $0
11. Apr 18 Buy Legal & General Investment Management Limited Company 10. Apr 18 10. Apr 18 255 $40.66 $10,367
11. Apr 18 Sell State Street Global Advisors, Inc. Company 10. Apr 18 10. Apr 18 -555 $40.64 $-22,556
11. Apr 18 Buy State Street Global Advisors, Inc. Company 10. Apr 18 10. Apr 18 1,427 $40.64 $57,995
10. Apr 18 Sell BlackRock, Inc. Company 09. Apr 18 09. Apr 18 -9,931 $40.68 $-403,971
10. Apr 18 Buy BlackRock, Inc. Company 09. Apr 18 09. Apr 18 13,709 $40.68 $557,646
10. Apr 18 Sell Legal & General Investment Management Limited Company 09. Apr 18 09. Apr 18 -3,500 $40.68 $-142,372
10. Apr 18 Buy Standard Life Aberdeen plc Company 09. Apr 18 09. Apr 18 258 $40.68 $10,495
10. Apr 18 Buy Morgan Stanley Investment Management Inc. Company 09. Apr 18 09. Apr 18 2,004 $40.63 $81,430
10. Apr 18 Sell Societe Generale Group, Banking Investments Company 09. Apr 18 09. Apr 18 -30,370 $40.71 $-1,236,506
10. Apr 18 Buy Societe Generale Group, Banking Investments Company 09. Apr 18 09. Apr 18 35,401 $40.76 $1,443,087
10. Apr 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 09. Apr 18 09. Apr 18 -170,866 $40.68 $-3,324,054
10. Apr 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 09. Apr 18 09. Apr 18 73,823 $40.66 $0
09. Apr 18 Sell Societe Generale Group, Banking Investments Company 06. Apr 18 06. Apr 18 -22,930 $40.55 $-929,754
09. Apr 18 Buy Societe Generale Group, Banking Investments Company 06. Apr 18 06. Apr 18 46,405 $40.56 $1,882,177
09. Apr 18 Sell BlackRock, Inc. Company 06. Apr 18 06. Apr 18 -10,799 $40.45 $-436,170
09. Apr 18 Buy BlackRock, Inc. Company 06. Apr 18 06. Apr 18 2,910 $40.39 $117,529
09. Apr 18 Sell BNPP Asset Management Holding Company 06. Apr 18 06. Apr 18 -38,229 $46.36 $-1,772,130
09. Apr 18 Buy BNPP Asset Management Holding Company 06. Apr 18 06. Apr 18 490 $46.36 $22,714
09. Apr 18 Buy J.P. Morgan Asset Management, Inc. Company 06. Apr 18 06. Apr 18 774 $40.39 $31,260
09. Apr 18 Buy State Street Global Advisors, Inc. Company 06. Apr 18 06. Apr 18 7,554 $40.39 $305,090
09. Apr 18 Buy CBRE Clarion Securities Company 06. Apr 18 06. Apr 18 12,562 $40.38 $507,277
06. Apr 18 Buy Societe Generale Group, Banking Investments Company 05. Apr 18 05. Apr 18 23,877 $40.35 $963,545
06. Apr 18 Sell BlackRock, Inc. Company 05. Apr 18 05. Apr 18 -8,893 $40.22 $-357,545
06. Apr 18 Buy BlackRock, Inc. Company 05. Apr 18 05. Apr 18 46,265 $40.22 $1,860,781
06. Apr 18 Sell State Street Global Advisors, Inc. Company 05. Apr 18 05. Apr 18 -1,229 $40.22 $-49,430
06. Apr 18 Buy State Street Global Advisors, Inc. Company 05. Apr 18 05. Apr 18 4,255 $40.22 $171,136
06. Apr 18 Buy Legal & General Investment Management Limited Company 05. Apr 18 05. Apr 18 163 $40.22 $6,556
06. Apr 18 Buy BNPP Asset Management Holding Company 05. Apr 18 05. Apr 18 504 $40.22 $20,271
06. Apr 18 Buy UBS Asset Management Company 05. Apr 18 05. Apr 18 1,726 $40.22 $69,420
06. Apr 18 Buy Morgan Stanley Investment Management Inc. Company 05. Apr 18 05. Apr 18 15,634 $40.21 $628,705
06. Apr 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 05. Apr 18 05. Apr 18 -78,659 $40.22 $0
06. Apr 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 05. Apr 18 05. Apr 18 69,404 $40.25 $0
05. Apr 18 Sell CBRE Clarion Securities Company 04. Apr 18 04. Apr 18 -42,748 $40.02 $-1,710,798
05. Apr 18 Buy CBRE Clarion Securities Company 04. Apr 18 04. Apr 18 4,700 $40.01 $188,045
05. Apr 18 Sell Amundi Asset Management Company 04. Apr 18 04. Apr 18 -3,996 $40.02 $-159,938
05. Apr 18 Sell State Street Global Advisors, Inc. Company 04. Apr 18 04. Apr 18 -1,523 $40.02 $-60,957
05. Apr 18 Buy State Street Global Advisors, Inc. Company 04. Apr 18 04. Apr 18 12,117 $40.09 $485,265
05. Apr 18 Buy BNPP Asset Management Holding Company 04. Apr 18 04. Apr 18 3,433 $40.02 $137,404
05. Apr 18 Sell BlackRock, Inc. Company 04. Apr 18 04. Apr 18 -11,913 $40.02 $-476,499
05. Apr 18 Buy BlackRock, Inc. Company 04. Apr 18 04. Apr 18 7,756 $40.02 $310,414
05. Apr 18 Buy Legal & General Investment Management Limited Company 04. Apr 18 04. Apr 18 5,032 $40.02 $201,371
05. Apr 18 Sell UBS Asset Management Company 03. Apr 18 03. Apr 18 -1,936 $39.92 $-77,279
05. Apr 18 Buy GIC Pte. Ltd. Company 04. Apr 18 04. Apr 18 2,326 $39.95 $92,926
05. Apr 18 Sell Societe Generale Group, Banking Investments Company 04. Apr 18 04. Apr 18 -184,111 $40.17 $-7,396,144
05. Apr 18 Buy Societe Generale Group, Banking Investments Company 04. Apr 18 04. Apr 18 38,913 $40.16 $1,562,742
05. Apr 18 Sell Standard Life Aberdeen plc Company 04. Apr 18 04. Apr 18 -4,153 $40.02 $-166,222
05. Apr 18 Buy Standard Life Aberdeen plc Company 04. Apr 18 04. Apr 18 167 $39.94 $6,670
05. Apr 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 04. Apr 18 04. Apr 18 -54,340 $40.02 $-11,935
05. Apr 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 04. Apr 18 04. Apr 18 77,100 $40.09 $0
04. Apr 18 Buy Legal & General Investment Management Limited Company 03. Apr 18 03. Apr 18 399 $40.11 $16,004
04. Apr 18 Sell Amundi Asset Management Company 03. Apr 18 03. Apr 18 -3,917 $39.75 $-155,719
04. Apr 18 Buy State Street Global Advisors, Inc. Company 03. Apr 18 03. Apr 18 7,844 $40.07 $314,041
04. Apr 18 Sell BlackRock, Inc. Company 03. Apr 18 03. Apr 18 -25,883 $39.90 $-1,030,748
04. Apr 18 Buy BlackRock, Inc. Company 03. Apr 18 03. Apr 18 6,715 $39.75 $266,952
04. Apr 18 Sell BNPP Asset Management Holding Company 03. Apr 18 03. Apr 18 -64,857 $39.80 $-2,581,539
04. Apr 18 Sell CBRE Clarion Securities Company 03. Apr 18 03. Apr 18 -5,923 $39.86 $-236,072
04. Apr 18 Sell Societe Generale Group, Banking Investments Company 03. Apr 18 03. Apr 18 -111,460 $40.18 $-4,478,914
04. Apr 18 Buy Societe Generale Group, Banking Investments Company 03. Apr 18 03. Apr 18 150,423 $40.21 $6,048,297
04. Apr 18 Sell Standard Life Aberdeen plc Company 03. Apr 18 03. Apr 18 -3,046 $40.11 $-122,161
04. Apr 18 Sell UBS Asset Management Company 03. Apr 18 03. Apr 18 -4,227 $40.12 $-169,590
04. Apr 18 Buy UBS Asset Management Company 03. Apr 18 03. Apr 18 269 $39.75 $10,694
04. Apr 18 Sell State Street Global Advisors, Inc. Company 29. Mar 18 29. Mar 18 -4,908 $40.57 $-198,303
04. Apr 18 Buy State Street Global Advisors, Inc. Company 29. Mar 18 29. Mar 18 109,581 $40.48 $4,421,562
04. Apr 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 03. Apr 18 03. Apr 18 -94,488 $40.17 $-16,844
04. Apr 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 03. Apr 18 03. Apr 18 131,691 $40.27 $0
03. Apr 18 Buy Legal & General Investment Management Limited Company 29. Mar 18 29. Mar 18 13,817 $40.27 $556,452
03. Apr 18 Sell BNPP Asset Management Holding Company 29. Mar 18 29. Mar 18 -77,236 $40.27 $-3,109,024
03. Apr 18 Buy BNPP Asset Management Holding Company 29. Mar 18 29. Mar 18 18,244 $40.41 $737,204
03. Apr 18 Sell BlackRock, Inc. Company 29. Mar 18 29. Mar 18 -32,875 $40.27 $-1,323,975
03. Apr 18 Buy BlackRock, Inc. Company 29. Mar 18 29. Mar 18 2,010 $40.27 $80,949
03. Apr 18 Sell Societe Generale Group, Banking Investments Company 29. Mar 18 29. Mar 18 -36,713 $40.79 $-1,497,504
03. Apr 18 Buy Societe Generale Group, Banking Investments Company 29. Mar 18 29. Mar 18 89,153 $40.76 $3,634,311
03. Apr 18 Buy Amundi Asset Management Company 29. Mar 18 29. Mar 18 250 $40.27 $10,068
03. Apr 18 Sell UBS Asset Management Company 29. Mar 18 29. Mar 18 -7,731 $40.27 $-311,351
03. Apr 18 Sell CBRE Clarion Securities Company 29. Mar 18 29. Mar 18 -31,325 $40.43 $-1,266,428
03. Apr 18 Buy CBRE Clarion Securities Company 29. Mar 18 29. Mar 18 3,076 $40.42 $124,319
03. Apr 18 Buy GIC Pte. Ltd. Company 29. Mar 18 29. Mar 18 974 $40.27 $39,226
03. Apr 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 29. Mar 18 29. Mar 18 -136,097 $40.49 $-5,510,322
03. Apr 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 29. Mar 18 29. Mar 18 114,500 $40.65 $4,653,963
29. Mar 18 Sell State Street Global Advisors, Inc. Company 28. Mar 18 28. Mar 18 -2,122 $40.52 $-85,991
29. Mar 18 Buy State Street Global Advisors, Inc. Company 28. Mar 18 28. Mar 18 81,424 $40.52 $3,250,568
29. Mar 18 Sell BlackRock, Inc. Company 28. Mar 18 28. Mar 18 -15,000 $40.52 $-607,853
29. Mar 18 Buy BlackRock, Inc. Company 28. Mar 18 28. Mar 18 18,603 $40.52 $751,363
29. Mar 18 Sell Standard Life Aberdeen plc Company 28. Mar 18 28. Mar 18 -2,998 $40.18 $-120,449
29. Mar 18 Sell CBRE Clarion Securities Company 28. Mar 18 28. Mar 18 -19,195 $40.52 $-777,849
29. Mar 18 Sell Morgan Stanley Investment Management Inc. Company 28. Mar 18 28. Mar 18 -1,423 $40.18 $-56,248
29. Mar 18 Sell M&G Investment Management Limited Company 28. Mar 18 28. Mar 18 -159 $45.02 $-7,157
29. Mar 18 Sell Societe Generale Group, Banking Investments Company 28. Mar 18 28. Mar 18 -53,259 $40.52 $-2,158,242
29. Mar 18 Buy Societe Generale Group, Banking Investments Company 28. Mar 18 28. Mar 18 76,161 $40.52 $3,086,312
29. Mar 18 Sell UBS Asset Management Company 28. Mar 18 28. Mar 18 -3,250 $40.52 $-131,701
29. Mar 18 Buy UBS Asset Management Company 28. Mar 18 28. Mar 18 4,515 $40.52 $182,964
29. Mar 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 28. Mar 18 28. Mar 18 -196,627 $40.52 $-7,967,997
29. Mar 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 28. Mar 18 28. Mar 18 47,241 $40.35 $1,906,241
29. Mar 18 Sell Goldman Sachs Group, Investment Banking and Securities Investments Company 28. Mar 18 28. Mar 18 -6,291 $39.30 $-247,221
29. Mar 18 Buy Goldman Sachs Group, Investment Banking and Securities Investments Company 28. Mar 18 28. Mar 18 6,291 $39.30 $247,221
28. Mar 18 Sell UBS Asset Management Company 27. Mar 18 27. Mar 18 -505 $39.53 $-19,965
28. Mar 18 Sell Deutsche Bank, Private Banking and Investment Banking Investments Company 26. Mar 18 26. Mar 18 -1,040 $39.79 $-41,383
28. Mar 18 Buy Deutsche Bank, Private Banking and Investment Banking Investments Company 26. Mar 18 26. Mar 18 1,040 $39.79 $41,383
28. Mar 18 Sell BlackRock, Inc. Company 27. Mar 18 27. Mar 18 -15,101 $39.53 $-596,999
28. Mar 18 Buy BlackRock, Inc. Company 27. Mar 18 27. Mar 18 6,793 $39.57 $268,802
28. Mar 18 Sell BNPP Asset Management Holding Company 27. Mar 18 27. Mar 18 -49,179 $39.76 $-1,955,274
28. Mar 18 Buy BNPP Asset Management Holding Company 27. Mar 18 27. Mar 18 4,593 $39.53 $181,578
28. Mar 18 Buy CBRE Clarion Securities Company 27. Mar 18 27. Mar 18 3,104 $39.65 $123,085
28. Mar 18 Sell Societe Generale Group, Banking Investments Company 27. Mar 18 27. Mar 18 -37,697 $39.91 $-1,504,327
28. Mar 18 Buy Societe Generale Group, Banking Investments Company 27. Mar 18 27. Mar 18 20,570 $39.92 $821,116
28. Mar 18 Sell State Street Global Advisors, Inc. Company 27. Mar 18 27. Mar 18 -16,248 $39.53 $-642,344
28. Mar 18 Buy State Street Global Advisors, Inc. Company 27. Mar 18 27. Mar 18 1,375 $39.53 $54,359
28. Mar 18 Sell Standard Life Aberdeen plc Company 27. Mar 18 27. Mar 18 -466 $39.53 $-18,423
27. Mar 18 Buy J.P. Morgan Asset Management, Inc. Company 26. Mar 18 26. Mar 18 428 $39.53 $16,921
28. Mar 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 27. Mar 18 27. Mar 18 -89,167 $39.95 $0
28. Mar 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 27. Mar 18 27. Mar 18 42,974 $39.98 $0
27. Mar 18 Sell BNPP Asset Management Holding Company 26. Mar 18 26. Mar 18 -591 $39.50 $-23,343
27. Mar 18 Buy BNPP Asset Management Holding Company 26. Mar 18 26. Mar 18 7,397 $39.50 $292,161
27. Mar 18 Sell State Street Global Advisors, Inc. Company 26. Mar 18 26. Mar 18 -247 $39.52 $-9,762
27. Mar 18 Buy State Street Global Advisors, Inc. Company 26. Mar 18 26. Mar 18 652 $39.50 $25,752
27. Mar 18 Sell BlackRock, Inc. Company 26. Mar 18 26. Mar 18 -31,539 $39.50 $-1,245,704
27. Mar 18 Sell Societe Generale Group, Banking Investments Company 26. Mar 18 26. Mar 18 -114,252 $40.16 $-4,587,994
27. Mar 18 Buy Societe Generale Group, Banking Investments Company 26. Mar 18 26. Mar 18 332,649 $40.14 $13,353,978
27. Mar 18 Sell UBS Asset Management Company 26. Mar 18 26. Mar 18 -6,322 $39.50 $-249,702
27. Mar 18 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 26. Mar 18 26. Mar 18 -105,121 $39.86 $0
27. Mar 18 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 26. Mar 18 26. Mar 18 63,971 $39.79 $0
X
Management checks
We assess Klépierre's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Klépierre has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Klépierre, the pan-European leader in shopping malls, combines development, property and asset management skills. The company’s portfolio is valued at €24.4 billion at December 31, 2018 and comprises large shopping centers in 16 countries in Continental Europe which together host 1.1 billion visitors per year. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager. Klépierre is a French REIT (SIIC) listed on Euronext Paris and included in the CAC Next 20, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and World 120, and figures in CDP’s “A-list”. These distinctions underscore the Group’s commitment to a proactive sustainable development policy and its global leadership in the fight against climate change.

Details
Name: Klépierre SA
KLPE.F
Exchange: OTCPK
Founded: 1968
€10,242,121,867
295,772,169
Website: http://www.klepierre.com
Address: Klépierre SA
26 boulevard des Capucines,
CS 20062,
Paris,
Ile-de-France, 75009,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA LI Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK KLPE.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB KPR Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0F4I Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE LIP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,158
Klépierre employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:51
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/03/22
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.