Klépierre: business up in 2024

(CercleFinance.com) - Klépierre reports that its net rental income reached 1066 ME in 2024, an increase of 6.
3% on a like-for-like basis compared with the previous year.

The company points in particular to the 4.0% like-for-like increase in retailers' sales in 2024, enabling a reduction in the effort rate to 12.6% (down 20 basis points over 12 months).

At the same time, EBITDA will rise to ME 985 (+7%), driven by 'strong growth in net rental income, higher management income, and tight control of overheads and personnel costs.'

In 2024, net recurring cash flow is up 5.3% on 2023, at 2.60 euros per share, more than 5% above the mid-point of the initial target range.

"Klépierre has maintained a solid balance sheet structure in 2024, with debt ratios among the best of any retail property company in Europe," assures the shopping center specialist.

For fiscal 2025, Klepierre is targeting a 3% increase in EBITDA and net current cash flow of between €2.60 and €2.65 per share.

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Copyright (c) 2025 CercleFinance.com. All rights reserved.