Klépierre, owner and manager of Europe's leading shopping centre platform, today announced its results for the 2016 financial year, with the following highlights:

• Net current cash flow per share reaches 2.31 euros, +6.8% 2015; exceeding February 2016 guidance of 2.23–2.25 euros;
• Cash dividend proposal for fiscal year 2016: 1.82 euros per share, +7.1% vs. previous year;
• Shopping center net rental income +3.5% on like**‐for‐**like basis for the year, outperforming indexation by 320 bps;
• Retailer sales +1.6% on like**‐for‐**like basis;
• Net debt lower by 244 million euros at end 2016; cost of debt reduced to 2.1% for the year;
• EPRA NAV per share at 36.7 euros, +5.9% vs. previous year;
• Disposals worth 68