Klepierre SALI
▲ PositiveCapitalrelevance
Raises 2026 targets after strong H1 growth in rental income, EBITDA, and cash flow.
Impact on stocks 1
Real Estate
Klepierre SAKlépierre Raises 2026 Targets After Strong First-Half Growth
Earnings
Klépierre has revised its full-year 2026 targets upward, now expecting EBITDA of at least 1,150 million euros and current net cash flow per share at the high end of a 2.77 to 2.80 euro range. The upgrade follows a first half in which net rental income rose 4.4 percent year-on-year, EBITDA grew 4.8 percent, and current net cash flow increased 3.0 percent. The company’s EPRA NTA per share climbed 5.3 percent over six months to 37.80 euros, delivering a total accounting return of 10.6 percent since the start of the year. Occupancy reached 97.1 percent, tenant sales on a like-for-like basis advanced 3.9 percent, and the positive reversion rate on renewals and relettings stood at 5.0 percent. Klépierre also raised 300 million euros of new financing at a 3.42 percent yield with an average maturity of 8.2 years, while its net debt-to-EBITDA ratio remained at a historically low 6.6 times.
Klepierre SARaises 2026 targets after strong H1 growth in rental income, EBITDA, and cash flow.