Close Back to main website
  • News
  • Finance
  • Press Release

Business review for the first quarter of 2019

Klépierre, the pan-European leader in shopping malls, today reported its business review for the first quarter of 2019. The main highlights include:
– Shopping centers net rental income of €265.2 million, +1.6% and +3.0% on a like-for-like basis
– Retailer sales +0.3% vs. the first 3 months of 2018
– Sustained leasing activity with 403 leases signed in the first quarter, representing €7.7 million in additional minimum guaranteed rents
– Cost of net debt further reduced to 1.5%
– Leasing progressing well at Créteil Soleil extension (91% pre-leasing rate) for an opening end 2019 and at Gran Reno extension (49%) as construction starts
– Very promising results for the first year of Act for Good® implementation
– 2019 outlook confirmed: net current cash flow per share expected between €2.72—€2.75