Klepierre S.A.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jean-Marc Jestin
- Full Time Employees
- 1,053
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- 26, boulevard des Capucines Paris IDF France 75009
- IPO Date
- Aug 13, 2012
- Website
- klepierre.com
- Similar Companies
- Business
- Klépierre is a French real estate investment trust (SIIC) specializing in the ownership, management, and development of shopping centers across continental Europe. The company operates a portfolio valued at approximately €20.2 billion as of December 31, 2024, comprising 70 large retail properties in more than 10 European countries that attract over 700 million visitors annually. Its main products and services include retail property leasing; management and development of shopping malls; and strategic partnerships with global and local retailers to diversify tenant offerings and enhance rental income. Klépierre focuses on dominant retail hubs in urban centers and expanding cities with strong growth potential. Founded in 1990 and headquartered in Paris, France, Klépierre is listed on Euronext Paris and included in indices such as CAC Next 20, EPRA Euro Zone, and various environmental, social, and governance (ESG) indices reflective of its commitment to sustainability. The company targets retail tenants and investors in the real estate sector, with operations geographically concentrated in continental Europe, including France, Italy, Germany, Spain, the Netherlands, and Belgium. Subsidiaries include Klépierre Management SNC, which provides property management and development services. Recent major changes include strategic acquisitions in 2024 of two super-regional shopping malls: O’Parinor in Aulnay-sous-Bois, France, and RomaEst in Rome, Italy, for a combined cash investment of €237 million, designed to strengthen the portfolio and cash flow profile. Klépierre has also pursued sustainability initiatives under its Act4Good™ CSR strategy, partnering with the Smiley Future Positive initiative in 2025 to promote environmentally friendly consumption patterns in several French shopping centers. The group expects strong financial performance with upgraded 2025 guidance, projecting EBITDA growth of 5.5% and net current cash flow per share of €2.70, supported by rising retailer sales and footfall, alongside extensions such as the Odysseum mall expansion in Montpellier featuring a new Primark megastore. Klépierre remains a leading European shopping mall operator known for its focus on long-term value creation, geographical diversification, and a proactive sustainability agenda aimed at positioning its assets as preferred destinations for retailers and consumers in a competitive retail real estate market. It employs around 1,056 people and is led by CEO Jean-Marc Jestin. The company continues to optimize its portfolio through acquisitions, disposals of non-core assets, and ongoing asset enhancement projects to support revenue growth and occupancy levels near 96.5% as of end-2024.
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