Klepierre SA

Klepierre SA

35.28
EUR
-0.04
(-0.11%)
10.50BMarket Cap
Feb 24Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.88
4.25
3.94
3.89
4.04
5.11
4.23
4.92
4.38
5
4.97
5.26
5.48
- -
Basic EPS, GAAP
0.27
3.27
0.9
3.82
4.01
2.8
1.11
-2.75
1.91
1.45
0.67
3.84
4.54
- -
Free Cash Flow per Basic Share
3.04
2.39
2.02
1.95
2.38
2.29
2.66
2.05
2.44
2.57
2.6
2.71
2.86
- -
Dividend per Share
1.5
1.55
1.28
1.7
1.84
1.97
2.11
2.2
- -
- -
0.91
1.7
1.85
- -
Book Value per Share
10.68
27.59
30.59
32.41
34.13
34.82
33.85
28.69
29.45
29.3
28.06
30.08
32.56
33.03
Tangible Book Value per Share
9.83
26.71
28.47
30.19
31.85
32.65
31.67
26.56
27.69
27.56
26.35
28.36
30.81
31.26
Basic Weighted Avg Shares
195
196
307
312
306
300
294
286
285
285
286
286
286
286
Sales/Revenue/Turnover
953
833
1,208
1,214
1,236
1,531
1,242
1,407
1,250
1,429
1,420
1,504
1,567
- -
Operating Margin (%)
41.16
32.44
76.42
79.95
80.61
65.97
83.31
62.54
63.09
64.9
65.7
65.35
64.61
- -
Depreciation Expense
381
402
14
20
16
16
18
136
27
2
-15
4
22
- -
Net Income, GAAP
54
640
275
1,191
1,229
839
325
-786
545
415
193
1,098
1,299
- -
Effective Tax Rate (%)
17.93
3.63
27.92
13.25
12.77
9.59
6.11
- -
- -
14.14
36.64
12.96
9.84
- -
Profit Margin (%)
5.62
76.83
22.73
98.13
99.4
54.78
26.16
-55.86
43.56
29.06
13.57
72.99
82.92
- -
Working Capital
-1,163
-770
-2,599
-2,015
-1,699
-2,173
-2,038
-2,129
-1,584
-1,917
-1,407
-1,176
-1,013
-1,954
LT Debt
5,284
4,880
6,714
6,746
7,308
6,996
7,439
7,568
7,168
5,868
6,285
6,718
6,834
6,157
Total Equity
3,397
7,303
11,729
12,536
12,960
12,893
12,258
10,434
10,593
10,459
10,020
10,649
11,464
11,627
Return on Invested Capital (%)
4.19
9.31
3.78
7.29
7.13
5.11
2.22
- -
- -
2.46
1.6
7.31
8.06
- -
Return on Capital (%)
2.07
6.13
1.51
5.16
5.09
3.62
2.05
- -
- -
2.66
1.89
6.39
7.21
- -
Return on Common Equity (%)
2.49
17.07
3.68
12.14
11.98
8.08
3.23
-8.75
6.57
4.95
2.35
13.21
14.5
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
1,901
1,624
1,798
LT Borrowings
6,223
6,498
5,847
LT Finance Leases
297
335
309
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
286
286
287
Market Capitalization
9,571
9,702
10,496

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
1,515
1,308
850
Cash, Cash Equivalents & STI
957
832
355
Accounts Receivable, Net
142
100
113
Inventories
57
56
38
Total Current Liabilities
2,978
2,321
2,804
Payables & Accruals
- -
- -
- -
ST Debt
1,901
1,624
1,798
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.01%
2%
7.65%
Free Cash Flow
3.62%
7.05%
5.77%
Net Income, GAAP
14.32%
48.25%
18.4%
Sales/Revenue/Turnover
3.32%
2.53%
4.22%
Total Cash Common Dividend
- -
- -
9.07%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,504
2025
- -
- -
1,567
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.84
2025
- -
- -
4.54
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.7
2025
- -
- -
1.85
2026
- -
- -
- -

Company Description

CEO
Jean-Marc Jestin
Full Time Employees
1,053
Sector
Finance
Industry
Real estate development
Address
26 boulevard des Capucines Paris IDF France 75009
IPO Date
Jan 15, 2015
Business
Klépierre SA is a French real estate investment trust specializing in the ownership, management, and development of shopping centers across continental Europe. Founded in 1990 and headquartered in Paris, France, Klépierre operates a portfolio of over 70 leading shopping centers valued at approximately €20.6 billion as of mid-2025, located in more than 10 countries primarily in Europe’s largest metropolitan areas. The company’s core products and services include asset management and property development of shopping malls that host a diverse mix of retail formats such as fashion, health and beauty, sports, leisure, services, and restaurants, serving over 700 million visitors annually. Klépierre’s strategic focus lies in operating high-quality retail real estate assets in fast-growing urban centers with strong demographic and economic potential. The company’s business segments comprise shopping center leasing, retail asset enhancement through expansions and renovations, and capital recycling involving acquisitions and disposals of retail properties to optimize the portfolio. It collaborates closely with retailers to adapt the tenant mix to evolving shopper demands, ensuring a thriving omnichannel retail environment. Recent flagship initiatives include the extension of the Odysseum shopping center in Montpellier, France, featuring a new Primark megastore over 8,300 square meters, which has boosted mall footfall by 38% since opening. Significant recent developments include the acquisition of two super-regional malls, O’Parinor and RomaEst, totaling approximately €238 million, completed in 2024, enhancing the company’s presence in strategic catchment areas. Klépierre has also actively executed capital rotation by disposing non-core assets worth €106 million. Financially, the company upgraded its 2024 earnings guidance reflecting robust leasing demand and operational performance, and in 2025 expects continued growth with a forecasted 5.5% increase in EBITDA. The company maintains investment-grade credit ratings and has issued long-term financing including a €500 million green bond to support sustainable development. Klépierre continues to lead the retail real estate sector in ESG commitments, being listed on relevant sustainability indices and recognized as an industry benchmark in environmental performance. Klépierre targets retail real estate markets across key European countries including France, Italy, Spain, Germany, and Scandinavia, focusing on metropolitan areas characterized by strong economic and demographic growth trends. The company’s strategic approach combines proprietary asset management expertise with property development capabilities to create adaptable, experience-driven shopping destinations under its "Shop. Meet. Connect." philosophy. Klépierre’s integrated platform supports retailers in navigating the transformation of the retail landscape while enhancing consumer experiences and fostering territorial anchoring. In summary, Klépierre functions as a leading European retail real estate operator dedicated to managing and developing premier shopping centers, recently expanded its portfolio through strategic acquisitions, improved operational metrics, and sustained growth prospects supported by strong financial health and ESG leadership.

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