(News Bulletin 247) – Klépierre publishes total sales of 1,231 ME for the 2022 financial year, up 15% compared to the previous financial year.
At the same time, Klépierre’s net rental income amounted to 1,023.6 ME in 2022, up 18.6% compared to 2021 and +24.8% at constant scope.
In total share and duties included, the value of Klépierre’s shopping center portfolio amounted to 19,832 million euros as of December 31, 2022, down 0.7% at constant scope over 12 months.
Net current cash flow for 2022 is €2.62 per share (+20.1% compared to 2021), 13% higher than the midpoint of its initial target
The EPRA NAV stood at 30.90 euros per share at the end of December 2022, compared to 31.20 euros per share at the end of the previous financial year.
The net current cash flow per share target for 2023 is €2.35 (up 5% compared to the adjusted net current cash flow of €2.24 in 2022).
‘Thanks to a 1.6 billion euro reduction in net debt in two years, our Group has one of the strongest balance sheets in the sector. We will propose to increase the distribution in cash to our shareholders to 1.75 E per share,” commented Jean-Marc Jestin, Chairman of the Management Board of Klépierre.
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