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About Klépierre

Shareholder base

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Simon Property Group, the US-based real estate investment trust mainly engaged in the ownership of prime shopping centers worldwide is Klépierre’s reference shareholder with more than 21% of shareholding. APG, the largest pension administrator in the Netherlands holds 6% of the shareholding.

(1) Shareholders holding greater than or equal to 5%: Blackrock

Stock Market Data

Share price

Source : Euronext
This stock price is provided exclusively for information and not for trading purposes. Before any transaction, please contact your broker. Klépierre or Interactive Data Managed Solutions cannot be held responsible for inaccurate, delayed or interrupted data, regarding the stock price announced on Klépierre website.

Information Sheet and key figures

In detail

ISIN code FR0000121964
Mnemonic code LI
Quotation place Euronext Paris
Market EURONEXT PARIS - Compartiment A
Sectorial classification Immobilier
Share capital 401,605,640.80
Number of shares 286,861,172

Data as of December 31, 2021

Klépierre share in figures

2014 2015 2016 2017 2018 2019 2020 2021

Average number of shares

199,470,340

314,356,063

311,736,861 (1)

306,084,849

299,913,706

293,941,863

286,072,515

285,860,024

Market capitalization (millions of euros) (2)

7,127

12,885

11,740

11,526

8,475

10,245

5,516

5,981

Volume traded (daily average)

225,430

719,370

622,113

654,615

718,289

726,782

1,456,093

1,089,183

(1) Further to the Corio acquisition, the number of shares takes into account the creation of 96 589 672 new shares on January 8, 2015, 10 976 874 new shares on January 15, 2015 and 7 319 177 new shares in March 2015.

(2) Last cotation of the year.

EPRA PERFORMANCE INDICATORS

The following performance indicators have been prepared in accordance with best practices as defined by EPRA (European Public Real Estate Association) in its Best Practices Recommendations guide, available on EPRA’s website (www.epra.com).

2016 2017 2018 2019 2020 2021

EPRA Earnings (in millions of euros)

694.4

732.4

767.3

814.2

583.7

610.4

EPRA Earnings per share (in euros)

2.23

2.39

2.56

2.77

2.04

2.14

EPRA NRV (in millions of euros)

_

_

_

11,978

10,184

10,033

EPRA NRV per share (in euros)

_

_

_

41.5

35.7

35.1

EPRA NTA (in millions of euros)

_

_

_

10,643

8,957

8,912

EPRA NTA per share (in euros)

_

_

_

41.5

35.7

31.2

EPRA NDV (in millions of euros)

_

_

_

8,920

7,300

7,741

EPRA NDV per share (in euros)

_

_

_

30.9

25.6

27.1

“TOPPED-UP” NET INITIAL YIELD shopping centers

5.1%

4.9%

5.1%

5.2%

5.6%

5.4%

NET INITIAL YIELD shopping centers

4.9%

4.8%

4.9%

5.0%

5.3%

5.2%

EPRA Vacancy rate

3.5%

3.2%

3.2%

3.0%

4.8%

5.3%

Cost Ratio (including vacancy costs)

18.7%

17.9%

17.2%

15.4%

26.1%

19.9%

Cost Ratio (excluding vacancy costs) (1)

16.3%

16.3%

15.6%

13.9%

24.3%

17.5%

EPRA Earnings: EPRA Earnings is a measure of the underlying operating performance of an investment property company excluding fair value gains, investment property disposals and limited other items that are not considered to be part of the core activity of an investment property company.

EPRA Net Reinvestment Value (NRV): EPRA NRV aims to highlight the value of net assets on a long-term basis and to represent the value required to rebuild the entity assuming that no selling of assets takes place.

EPRA Net Tangible Asset Value (NTA): EPRA NTA reflects tangible assets only and assumes that companies buy and sell some of their assets, thereby crystallizing certain levels of unavoidable deferred tax liability and RETT. By definition, EPRA NTA aims at valuing solely tangible assets and therefore, as regards Klépierre, does not incorporate the fair value of management services companies (unlike the former indicators EPRA NAV and NNNAV).

EPRA Net Disposal Value (NDV): EPRA NDV aims to represent the shareholders’ value under an orderly sale of the business, where RETT, deferred taxes, financial instruments and certain other adjustments are calculated to the full extent of their liability while discarding completely any RETT or tax optimization. Intangible assets are also excluded from this methodology.

EPRA Net Initial Yield and EPRA “Topped-up” Net Initial Yield: EPRA NIY (Net Initial Yield) is calculated as the annualized rental income based on the cash rents passing at the balance sheet date (but adjusted as set out below), less non-recoverable property operating expenses, divided by the gross market value of the property. EPRA “Topped-up” NIY is calculated by making an adjustment to EPRA NIY in respect of the expiration of rent free periods (or other unexpired lease incentives such as discounted rent free periods and step rents).

EPRA Vacancy rate: The EPRA Vacancy rate is calculated by dividing the market rents of vacant spaces by the market rents of the total space of the whole property portfolio (including vacant spaces).

EPRA Cost ratio: The purpose of the EPRA cost ratio is to reflect the relevant overhead and operating costs of the business. It is calculated by expressing the sum of property expenses (net of service charge recoveries and third-party asset management fees) and administration expenses (excluding exceptional items) as a percentage of gross rental income.

(1) The EPRA cost ratio for 2016 and 2017 has been restated to reflect service charges recovered through rents which have been reclassified in accordance with EPRA guidelines.

Share price (in euros)

2014 2015 2016 2017 2018 2019 2020 2021

Highest

37.76

47.69

43.17

38.13

37.32

33.85

34.66

25.76

Lowest

31.09

35.29

34.56

32.24

26.5

26.53

10.21

16.53

Close

35.73

40.99

37.35

36.67

26.96

33.85

18.39

20.85

Analysts

Analysts covering klépierre by company

Company Analyst

BARCLAYS

Sander Bunck

BofA SECURITIES

Markus Kulessa

BERENBERG

Kai Klose

CITI

Aaron Guy

DEGROOF PETERCAM

Inna Maslova

DEUTSCHE BANK

Michael Kuhn

EXANE

Rob Jones

GOLDMAN SACHS

Jonathan Kownator

GREEN STREET ADVISORS

Peter Papadakos/Rob Virdee

HSBC

Stephen Bramley-Jackson

INVEST SECURITIES

Stéphane Afonso

JEFFERIES

Andrew Gill

JP MORGAN

Tim Leckie

KEPLER CHEUVREUX

Pierre-Emmanuel Clouard

KEMPEN

Jaap Kuin

MORGAN STANLEY

Bart Gysens

ODDO BHF SECURITIES

Florent Laroche-Joubert

RBC

Julian Livingston-Booth

SOCIÉTÉ GÉNÉRALE

Ben Richford

UBS

Charles Boissier

Become shareholders

Investor relations contact

investorrelations@klepierre.com
+33 (0)6 74 57 35 12
+33 (0)7 50 66 05 63 
+33 (0)7 88 77 40 37

Contact for holders of registered shares

www.sharinbox.societegenerale.com
+33 825 315 315: information on General Meeting
+33 2 51 85 67 89: Nomilia, Centre de Relation Client (from 08:30 to 18:00 from Monday to Friday)

Société Générale Securities Services
32 rue du Champ de Tir – CS 30812
44308 NANTES cedex 3
FRANCE

To become holder of registered shares
To become holder of registered shares, you must acquire bearer shares and then download the following form and send it to your financial intermediary, which will take the necessary steps with Société Générale Securities Services. Download the application form to become holder of registered shares.

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