2018 Full-Year earnings

Paris – February 6, 2019

Klépierre, the pan-European leader in shopping malls, today reported earnings for full-year 2018 ended December 31, 2018. The main highlights include:

  • Net current cash flow per share +6.5% vs. 2017 at €2.65, exceeding initial guidance of €2.57–€2.62
  • Cash dividend proposal of €2.10 per share, +7.1% vs. previous year
  • Shopping center Net Rental Income +3.4% like-for-like, outperforming indexation by 220 bps
  • Net debt down year on year; cost of debt reduced by another 20 bps to 1.6%
  • EPRA Net Asset Value per share +2.3% over twelve months to €40.50
  • Total disposals in 2018 for €613.4 million
  • New €400-million share buyback program
  • Net current cash-flow guidance for full-year 2019 at €2.72–€2.75

 

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February 6 2019

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