Klépierre: solid annual results

(CercleFinance.com) - Klépierre group announced on Wednesday evening a 1.
3% increase in its total annual revenue, which reached 1.338 billion euros, with a 3.4% increase in net rental income from its shopping centres, reaching 1.096 billion euros.

In addition, the net current cash flow per share for FY 2018 amounted to
2.65 euros, up 6.5% compared to 2017 and above the group's initial
target (between 2.57 euros and 2.62 euros).

"Combined with a further reduction in our leverage, this performance
leads us to propose a 7.1% increase in our cash dividend, to E2.10 per
share. Our guidance for 2019 demonstrates our confidence in the future
and in our ability to continue to create value,” said Jean-Marc Jestin,
Chairman of the Executive Board.

Regarding its outlook for 2019, Klépierre is looking for underlying net
current cash flow of between 2.72 euros and 2.75 euros per share.



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