Klépierre SA/€LI

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About Klépierre SA

Klépierre SA is a European real estate investment trust (REIT) specializing in the ownership and management of shopping centers. The company focuses on enhancing the retail experience by developing prime shopping destinations across Europe. Founded in 1990, Klépierre has established a strong presence with shopping centers in various European countries, with its headquarters located in Paris, France. Its core offerings include leasing retail space to tenants and providing property management services to maintain and improve these commercial properties. Klépierre's strategic positioning includes a focus on sustainability and innovation in retail environments, contributing to long-term value creation.

Ticker

€LI

Primary listing

PAR

Employees

1,056

Klépierre SA Metrics

BasicAdvanced
€9.6B
8.15
€4.11
1.63
€1.85
5.52%

Bulls say / Bears say

Strong Q1 2025 performance saw net rental income increase 3.5% and EBITDA rise 3.8%, supported by a 1% increase in visitor numbers and a 2% growth in retailer sales year-on-year, reflecting solid operational momentum.
Top-tier credit ratings (S&P A−/Fitch A) enabled Klépierre to issue a €105 million 10-year green bond at a 3.56% yield on April 7, 2025, covering most refinancing needs for 2025 at an attractive cost.
Accretive capital allocation delivered stronger than expected results at recently acquired malls—RomaEst NRI up 25% and O’Parinor NRI up 20% one year after purchase—while like-for-like portfolio valuation rose 2.6% in H1 2025, lifting EPRA NTA by 4.6% to €34.3 per share.
Elevated leverage with a net debt-to-EBITDA ratio of 7.1x as of March 31, 2025 may constrain Klépierre’s financial flexibility if rental income growth slows, as sector peers generally operate at lower ratios.
Klépierre's reliance on discretionary consumer spending makes it vulnerable to macroeconomic volatility; management indicates global uncertainties could impact consumption trends in continental Europe.
Refinancing concentration risk exists with a €255 million bond maturing in October 2025, which could lead to repricing risk if credit conditions tighten, despite current coverage.
Data summarised monthly by Lightyear AI. Last updated on 1 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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