KLPEF / Klepierre: A Strong European REIT With A ~7.9% Dividend

There are multiple factors that make European malls much more resilient to e-commerce than their US peers. I present these and look at the second bigg more_horizontal

Klépierre (OTCPK:KLPEF) 2023 First Half Earnings Conference Call August 1, 2023 12:00 PM ET Company Participants Jean-Marc Jestin – Chairman of the more_horizontal

Klepierre, a French real estate company, is considered a top income pick in the European real estate sector due to its high-dividend yield and attract more_horizontal

Klepierre is one of the largest mall operators in Europe. The balance sheet has improved as the LTV ratio is less than 38%, although I expect the capi more_horizontal

Klépierre SA (OTCPK:KLPEF) Q4 2022 Earnings Conference Call February 16, 2023 3:00 AM ET Company Participants Jean-March Jestin - Chairman of the Exe more_horizontal

Cultural differences make European malls more resilient to the e-commerce thread compared to their US peers. Retailer sales have finally returned to p more_horizontal

Klépierre is close to making a full-recovery from the pandemic's impact; for example, its financial occupancy is now at 95.6%. While class A mall ope more_horizontal

Klepierre is one of the largest commercial REITs in Europe, with an asset base of in excess of 20B EUR. The full-year earnings guidance has been hiked more_horizontal