Klépierre: raises targets for 2024

(CercleFinance.com) - Klépierre's total sales for the first nine months of 2024 amounted to E1,155.
7m. 9m retail sales rose 4% LFL, underpinned by 2.4% growth in footfall.

For the first 9m of 2024, net rental income totaled E783.7m, up 5.7% y-o-y, or 6.3% LFL.

This solid performance was driven by strong rental activity, with 1,280 leases signed (+7% y-o-y) and a positive reversion rate of 4.0% on renewals and relets.

The current momentum, combined with the results of the first nine months, has led the group to raise its 2024 targets. Klépierre now anticipates EBITDA growth of 6% and net recurring cash flow of E2.55 per share in 2024.


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