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Business review for the first nine months of 2019

Klépierre, the European leader in shopping malls, today reported its business review for the first nine months of 2019.The main highlights include:
– Shopping center Net Rental Income of €829.3 million, +3.2% on a like-for-like basis and +0.7% year on year
– Retailer sales +1.9% like-for-like vs. the first 9 months of 2018
– Sustained leasing activity with 1,224 leases signed, representing €27.9 million in additional minimum guaranteed rents
– Average cost of net debt further reduced to below 1.5%
– Créteil Soleil extension 99% let one month before opening; leasing progressing well at Gran Reno extension (53%pre-leasing rate; opening in April 2021)
– New confirmation of Klépierre’s European leadership in ESG from GRESB and MSCI
– Full-year 2019 outlook confirmed: net current cash flow per share of at least €2.76