Klépierre: Invest Securities still a buyer
(CercleFinance.com) - Invest Securities has confirmed its "buy" rating and E26.
2 target price for Klépierre shares following the the commercial property company's 9m operating figures, which were deemed to be "very good".
Centre tenants reported sales growth of 7%. At the same time, thanks to sustained rental business, the occupancy rate has been maintained at the highly satisfactory level of 95.8%, with no apparent deterioration in rents, the analyst points out.
With a balance sheet that is not under pressure, the property company has not announced any further disposals. Despite the expected fall in CF, analysts do not believe that the dividend is under threat, the broker adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
2 target price for Klépierre shares following the the commercial property company's 9m operating figures, which were deemed to be "very good".
Centre tenants reported sales growth of 7%. At the same time, thanks to sustained rental business, the occupancy rate has been maintained at the highly satisfactory level of 95.8%, with no apparent deterioration in rents, the analyst points out.
With a balance sheet that is not under pressure, the property company has not announced any further disposals. Despite the expected fall in CF, analysts do not believe that the dividend is under threat, the broker adds.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.