Klépierre, the leading REIT with exclusive focus on shopping malls in continental Europe, today releases its trading update for the first nine months of 2025, as it moves into the final quarter of 2025 with confidence and optimism.

The Group is set to deliver another year of growth from net rental income to net current cash flow and is revising its 2025 guidance upwards, with EBITDA growth expected at 5.5% and net current cash flow expected to be up 4% year-on-year (to €2.70 per share). As a result, EBITDA and net current cash flow will have grown by 23% and 21%, respectively, over the three years up to December 2025.

Klépierre’s prime malls, strategically located in the most dynamic catchment areas of continental Europe, continue to deliver steady growth year-to-date:

• 9-month net rental income up 6.5%, or 4.2% like-for-like, up sharply versus H1
• 10% increase in Mall income earnings (retail media, events, specialty leasing & mobility)
• 9-month retailer sales up 3.3%, supported by a 2.3% increase in footfall, reflecting market share gains
• Sustained leasing demand: rental uplift at 4.6% year-to-date, accelerating from H1
• Best-in-class operating KPIs: occupancy at 97.0%, and occupancy cost ratio at 12.5%

Backed by A-range credit ratings, the highest levels in the European listed real estate space, Klépierre issued a 12-year inaugural green bond for €500 million, the longest tenor for a European REIT in the euro debt capital markets since 2022, with a spread of 103 basis points.

Klépierre continues to operate with best-in-class credit metrics in continental European real estate, with net debt to EBITDA of 6.9x and cost of debt at 1.9%.

Undisputed ESG leadership: for the second year in a row, sole leader in the 2025 GRESB ranking across all European listed real estate, with a score of 95/100 and a five-star rating. Worldwide leader in the Retail space.

Klépierre’s total revenue for the first nine months of 2025 amounted to €1,213.4 million.

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