Klepierre: 9m rental income up 8.6%
(CercleFinance.com) - 9m net rental income came to E736.
7m, up 8.6% LFL, in particular thanks to strong positive indexation and higher ancillary revenues (variable rents, parking revenues and Specialty Leasing activities).
Growth was also driven by rigorous management of property expenses, resulting in an improved ratio of net rental income to gross rental income, it says.
LFL total 9m retail sales in Klépierre's centers rose by 7% y-o-y in the first nine months of the year, while footfall increased by 8%.
Over the period, it signed 1,197 leases (up 21% on the same period in 2022), with a positive reversion rate of 4.1% in addition to indexation, and a financial occupancy rate of 95.8%.
Klépierre confirms its 2023 net current cash flow per share target of at least E2.40, up 7% from 2022.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
7m, up 8.6% LFL, in particular thanks to strong positive indexation and higher ancillary revenues (variable rents, parking revenues and Specialty Leasing activities).
Growth was also driven by rigorous management of property expenses, resulting in an improved ratio of net rental income to gross rental income, it says.
LFL total 9m retail sales in Klépierre's centers rose by 7% y-o-y in the first nine months of the year, while footfall increased by 8%.
Over the period, it signed 1,197 leases (up 21% on the same period in 2022), with a positive reversion rate of 4.1% in addition to indexation, and a financial occupancy rate of 95.8%.
Klépierre confirms its 2023 net current cash flow per share target of at least E2.40, up 7% from 2022.
Copyright (c) 2023 CercleFinance.com. All rights reserved.