Cash flow Klépierre

Stocks

LI

FR0000121964

Commercial REITs

Market Closed - Euronext Paris 11:55:00 2026-09-11 EDT			5-day change	1st Jan Change
36.64 ^EUR	-0.22%		-3.48%	+8.60%

09-02	Berenberg Stays Positive on Klépierre Amid 'High-quality' Shopping Center Portfolio	MT
08-28	Listen to the yellow birds

75dc8b2900620d3.DuzxoZUXS1LcxAqJNxgF_Sv1eA_rsgle0W4Wcx1EQ1A.dr2Bma1gKj6UoD7DRXNoyEi_KEHZ534Np1daGykgLCdFmYSVrSYiPZGMPg

Published financial data: KLÉPIERRE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Rental Revenues	1.01B	1.16B	1.16B	1.23B	1.27B
Property Management Fee	65.1M	69.3M	76.8M	81.4M	89.3M
Other Revenues, Total	338M	334M	309M	381M	382M
Total Revenues	1.41B	1.57B	1.54B	1.7B	1.74B
Property Expenses	371M	393M	386M	370M	382M
Selling General & Admin Expenses, Total	39.7M	51.4M	37.8M	96M	92.1M
Depreciation & Amortization - (IS) - (Collected)	18.1M	16.6M	17.7M	17M	16.7M
Other Operating Expenses	107M	113M	112M	109M	139M
Total Operating Expenses	536M	574M	554M	592M	630M
Operating Income (REIT / Utility Template)	873M	991M	988M	1.1B	1.11B
Interest Expense, Total	-124M	-122M	-208M	-262M	-286M
Interest and Investment Income	23.6M	33.7M	101M	123M	137M
Net Interest Expenses	-100M	-88.5M	-107M	-139M	-149M
Currency Exchange Gains (Loss)	1.9M	-1.2M	-5.4M	-5.2M	-10.4M
Other Non Operating Income (Expenses)	-20.5M	5.4M	-114M	-61.7M	-32.9M
EBT, Excl. Unusual Items	755M	907M	761M	898M	921M
Impairment of Goodwill	-105M	-9.1M	-500K	-400K	-1M
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	8.8M	-74.2M	-8.4M	1.6M	13.8M
Asset Writedown	-402M	-312M	-477M	541M	687M
Legal Settlements	-	-	-	-	-
Other Unusual Items	2.8M	-10.9M	-	-4.8M	-3.3M
EBT, Incl. Unusual Items	259M	501M	275M	1.44B	1.62B
Income Tax Expense	-313M	70.8M	101M	186M	159M
Earnings From Continuing Operations	572M	430M	174M	1.25B	1.46B
Net Income to Company	572M	430M	174M	1.25B	1.46B
Minority Interest	-27.3M	-14.6M	18.4M	-152M	-159M
Net Income - (IS)	545M	415M	193M	1.1B	1.3B
Net Income to Common Incl Extra Items	545M	415M	193M	1.1B	1.3B
Net Income to Common Excl. Extra Items	545M	415M	193M	1.1B	1.3B
Per Share Items
Net EPS - Basic	1.91	1.45	0.67	3.84	4.54
Basic EPS - Continuing Operations	1.91	1.45	0.67	3.84	4.54
Basic Weighted Average Shares Outstanding	285M	285M	286M	286M	286M
Net EPS - Diluted	1.91	1.45	0.67	3.83	4.54
Diluted EPS - Continuing Operations	1.91	1.45	0.67	3.83	4.54
Diluted Weighted Average Shares Outstanding	286M	287M	286M	287M	286M
Normalized Basic EPS	1.56	1.93	1.73	1.43	1.46
Normalized Diluted EPS	1.55	1.93	1.73	1.43	1.45
Dividend Per Share	1.7	1.75	1.8	1.85	1.9
Payout Ratio	-	-	134.15	44.21	40.73
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	876M	993M	996M	1.12B	1.13B
EBITA	873M	991M	995M	1.1B	1.11B
EBIT	873M	991M	988M	1.1B	1.11B
EBITDAR	883M	1B	1B	1.13B	-
Effective Tax Rate - (Ratio)	-120.93	14.14	36.64	12.96	9.84
Total Current Taxes	48.2M	33.7M	53.1M	33M	44M
Total Deferred Taxes	-361M	37.1M	47.7M	153M	115M
Normalized Net Income	444M	552M	494M	409M	416M
Interest Capitalized	2.6M	2.8M	1.2M	1.3M	500K
Interest on Long-Term Debt	119M	105M	98.4M	114M	131M
Non-Cash Pension Expense	0	0	0	0	0
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	35.5M	44.4M	47.1M
Net Rental Expense, Total	7.1M	6.5M	6.6M	7.4M	-
Imputed Operating Lease Interest Expense	751K	762K	1.38M	1.94M	-
Imputed Operating Lease Depreciation	6.35M	5.74M	5.22M	5.46M	-
Stock-Based Comp., Other (Total)	1.07M	652K	1.44M	2.7B	2.77B
Total Stock-Based Compensation	1.07M	652K	1.44M	2.7B	2.77B

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Gross Property Plant And Equipment	18.87B	17.94B	17.47B	-	-
Accumulated Depreciation	-47.6M	-56M	-59.4M	-	-
Net Property Plant And Equipment	18.82B	17.88B	17.41B	18.23B	19.1B
Total Real Estate Assets	18.82B	17.88B	17.41B	18.23B	19.1B
Cash And Equivalents	640M	282M	359M	401M	832M
Accounts Receivable, Total	160M	142M	127M	120M	99.7M
Other Receivables	121M	115M	132M	126M	119M
Investment In Debt and Equity Securities	1.5M	400K	-	1.4M	2.6M
Goodwill	482M	471M	467M	466M	465M
Other Intangibles, Total	20.3M	23.7M	23.2M	23.5M	36.5M
Deferred Tax Assets Current	14.4M	4.6M	5.6M	-	-
Other Current Assets, Total	240M	275M	288M	263M	257M
Deferred Tax Assets Long-Term (Collected)	11.8M	12.7M	19.4M	18M	10.4M
Other Long-Term Assets, Total	1.27B	1.34B	1.26B	1.32B	1.35B
Total Assets	21.78B	20.55B	20.09B	20.97B	22.27B
Liabilities
Current Portion of Long-Term Debt	363M	778M	710M	330M	668M
Current Portion of Leases	13.5M	12.6M	12.4M	12.1M	12.8M
Short-Term Borrowings	1.55B	1.2B	881M	1.04B	1B
Long-Term Debt	6.82B	5.72B	6.07B	6.42B	6.5B
Long-Term Leases	353M	267M	299M	300M	335M
Accounts Payable, Total	219M	166M	162M	150M	95.6M
Accrued Expenses, Total	148M	128M	101M	142M	146M
Current Income Taxes Payable	42.6M	57.8M	65.6M	-	-
Unearned Revenue, Current	46.9M	38.8M	54.4M	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	381M	354M	327M	415M	399M
Pension & Other Post Retirement Benefits	10M	7.2M	7.9M	8M	7.3M
Deferred Tax Liability Non-Current	1.08B	1.07B	1.11B	1.25B	1.37B
Other Non Current Liabilities	169M	291M	277M	264M	274M
Total Liabilities	11.19B	10.09B	10.07B	10.32B	10.8B
Common Stock, Total	402M	402M	402M	402M	402M
Additional Paid In Capital	4.07B	3.59B	3.34B	7.1B	-
Retained Earnings	589M	459M	237M	1.1B	4.13B
Treasury Stock	-33.5M	-28.6M	-25.7M	-	-13.3M
Comprehensive Income and Other	3.38B	3.95B	4.06B	-	4.81B
Total Common Equity	8.4B	8.36B	8.02B	8.6B	9.32B
Minority Interest	2.19B	2.09B	2B	2.05B	2.14B
Total Equity	10.59B	10.46B	10.02B	10.65B	11.46B
Total Liabilities And Equity	21.78B	20.55B	20.09B	20.97B	22.27B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	285M	286M	286M	286M	286M
ECS Total Common Shares Outstanding	285M	286M	286M	286M	286M
Book Value / Share	29.45	29.3	28.06	30.08	32.56
Tangible Book Value	7.9B	7.87B	7.53B	8.11B	8.82B
Tangible Book Value Per Share	27.69	27.56	26.35	28.36	30.81
Total Debt	9.09B	7.98B	7.97B	8.1B	8.51B
Net Debt	8.45B	7.69B	7.61B	7.69B	7.68B
Debt Equivalent of Unfunded Proj. Benefit Obligation	9.4M	7.8M	5.5M	-	-
Debt Equivalent Oper. Leases	56.8M	52M	52.8M	59.2M	-
Minority Interest, Total (Incl. Fin. Div)	2.19B	2.09B	2B	2.05B	2.14B
Equity Method Investments, Total	979M	994M	972M	1.06B	1.09B
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	1.04K	1.04K	1.04K	1.03K	1.03K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	184M	167M	138M	137M	132M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	545M	415M	193M	1.1B	1.3B
Depreciation, Depletion & Amortization	10.5M	10.5M	10.2M	17M	16.7M
Amortization of Goodwill and Intangible Assets - (CF)	200K	100K	7.5M	-	-
Total Depreciation, Depletion & Amortization	10.7M	10.6M	17.7M	17M	16.7M
Amortization of Deferred Charges, Total	7.3M	5.9M	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-8.8M	74.2M	8.4M	-1.6M	-13.8M
Total Asset Writedown	507M	321M	478M	-541M	-686M
(Income) Loss On Equity Investments - (CF)	-84.3M	-53.3M	-44.4M	-110M	-86.9M
Change in Other Net Operating Assets (Collected)	35.2M	-33.3M	16M	-23.1M	-25.2M
Other Operating Activities	-146M	170M	266M	526M	521M
Cash from Operations	866M	910M	934M	965M	1.03B
Acquisition of Real Estate Assets, Total	-169M	-187M	-212M	-193M	-365M
Sale of Real Estate Assets, Total	162M	296M	100M	144M	35.8M
Net Sale / Acquisition of Real Estate Assets	-6.9M	109M	-112M	-48.5M	-330M
Cash Acquisitions	-400K	-1.4M	-1.3M	-235M	-1.9M
Divestitures	681M	258M	16.3M	700K	113M
Investment in Marketable and Equity Securities, Total	-	-	-	48.2M	56.9M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-22.1M	-12.3M	17.3M	-41.4M	-24.1M
Other Investing Activities, Total	21.8M	24.2M	31.5M	-	100K
Cash from Investing	673M	377M	-47.9M	-276M	-186M
Long-Term Debt Issued, Total	1.53B	1.27B	1.85B	1.86B	2.04B
Total Debt Issued	1.53B	1.27B	1.85B	1.86B	2.04B
Long-Term Debt Repaid, Total	-2.4B	-2.21B	-1.96B	-1.76B	-1.67B
Total Debt Repaid	-2.4B	-2.21B	-1.96B	-1.76B	-1.67B
Issuance of Common Stock	1.1M	100K	100K	-	800K
Repurchase of Common Stock	-	-	-	-1.4M	-
Common Dividends Paid	-	-	-258M	-485M	-529M
Common & Preferred Stock Dividends Paid	-	-	-258M	-485M	-529M
Other Financing Activities, Total	-490M	-690M	-447M	-252M	-242M
Cash from Financing	-1.36B	-1.63B	-808M	-646M	-402M
Foreign Exchange Rate Adjustments	-4.7M	-3.6M	-1.1M	-900K	-7.2M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-100K
Net Change in Cash	172M	-343M	77M	42.2M	431M
Supplemental Items
Cash Interest Paid	117M	117M	153M	165M	161M
Cash Income Tax Paid (Refund)	30.3M	32.7M	55.9M	51.2M	44.2M
Net Debt Issued / Repaid	-873M	-937M	-102M	92.3M	368M
Levered Free Cash Flow	597M	456M	448M	3.27B	3.25B
Unlevered Free Cash Flow	674M	533M	578M	3.44B	3.43B
Change In Net Working Capital	-116M	93.6M	51.2M	-36.6M	34.5M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	2.44	2.93	3.04	3.36	3.22
Return on Total Capital	2.72	3.25	3.39	3.76	3.59
Return On Equity %	5.44	4.08	1.7	12.09	13.19
Return on Common Equity	6.57	4.95	2.35	13.21	14.5
Margin Analysis
Gross Profit Margin %	73.68	74.88	74.92	78.19	78.07
SG&A Margin	10.29	10.32	9.76	12.55	12.48
EBITDA Margin %	62.13	63.43	64.63	66.1	64.83
EBITA Margin %	61.98	63.31	64.56	65.09	63.88
EBIT Margin %	61.96	63.3	64.07	65.09	63.88
Income From Continuing Operations Margin %	40.59	27.45	11.31	73.68	83.67
Net Income Margin %	38.65	26.52	12.5	64.73	74.54
Net Avail. For Common Margin %	38.65	26.52	12.5	64.73	74.54
Normalized Net Income Margin	31.53	35.27	32.05	24.15	23.89
Levered Free Cash Flow Margin	42.35	29.15	29.06	192.97	186.32
Unlevered Free Cash Flow Margin	47.83	34.02	37.47	202.63	196.59
Asset Turnover
Asset Turnover	0.06	0.07	0.08	0.08	0.08
Fixed Assets Turnover	0.07	0.09	0.09	0.1	0.09
Receivables Turnover (Average Receivables)	6.78	8.17	9.18	10.68	12.42
Short Term Liquidity
Current Ratio	0.43	0.3	0.39	0.44	0.56
Quick Ratio	0.33	0.2	0.27	0.31	0.45
Operating Cash Flow to Current Liabilities	0.31	0.33	0.4	0.46	0.44
Days Sales Outstanding (Average Receivables)	53.84	44.7	39.78	34.27	29.39
Average Days Payable Outstanding	206.76	178.6	154.55	154.35	117.39
Long Term Solvency
Total Debt/Equity	85.81	76.25	79.52	76.02	74.27
Total Debt / Total Capital	46.18	43.26	44.3	43.19	42.62
LT Debt/Equity	67.67	57.22	63.52	63.08	59.61
Long-Term Debt / Total Capital	36.42	32.46	35.39	35.84	34.21
Total Liabilities / Total Assets	51.37	49.11	50.13	49.22	48.52
EBIT / Interest Expense	7.06	8.11	4.76	4.21	3.89
EBITDA / Interest Expense	7.15	8.2	4.84	4.28	3.95
(EBITDA - Capex) / Interest Expense	7.1	8.11	4.81	4.23	3.88
Total Debt / EBITDA	10.28	7.96	7.93	7.22	7.53
Net Debt / EBITDA	9.56	7.68	7.57	6.87	6.8
Total Debt / (EBITDA - Capex)	10.36	8.04	7.99	7.31	7.67
Net Debt / (EBITDA - Capex)	9.63	7.76	7.63	6.95	6.92
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.08	11.1	-1.55	10.16	2.82
Gross Profit, 1 Yr. Growth %	17.59	12.92	-1.5	12.53	2.66
EBITDA, 1 Yr. Growth %	1.68	10.31	-1.15	11.48	0.86
EBITA, 1 Yr. Growth %	20.45	13.51	0.39	11.76	0.9
EBIT, 1 Yr. Growth %	20.42	13.5	-0.36	11.76	0.9
Earnings From Cont. Operations, 1 Yr. Growth %	-161.43	-24.86	-59.45	616.7	16.75
Net Income, 1 Yr. Growth %	-169.33	-23.77	-53.59	469.54	18.4
Diluted EPS Before Extra, 1 Yr. Growth %	-169.42	-24.05	-53.79	471.64	18.54
Normalized Net Income, 1 Yr. Growth %	-11.41	24.25	-9.41	-17.71	1.7
Net Property, Plant and Equip., 1 Yr. Growth %	-5.48	-5	-2.65	4.73	4.75
Accounts Receivable, 1 Yr. Growth %	2.37	-11.32	-10.65	-5.68	-16.57
Total Assets, 1 Yr. Growth %	-4.81	-5.65	-2.23	4.38	6.18
Common Equity, 1 Yr. Growth %	2.72	-0.48	-4.15	7.25	8.45
Tangible Book Value, 1 Yr. Growth %	4.31	-0.42	-4.36	7.72	8.81
Cash From Operations, 1 Yr. Growth %	8.91	5.15	2.57	3.34	6.23
Capital Expenditures, 1 Yr. Growth %	34.69	56.06	-26.21	71.05	53.08
Levered Free Cash Flow, 1 Yr. Growth %	13.84	-24.49	-1.67	623.81	468.73
Unlevered Free Cash Flow, 1 Yr. Growth %	6.8	-21.89	8.53	490.58	369.22
Dividend Per Share, 1 Yr. Growth %	70	2.94	2.86	2.78	2.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-7.14	8.05	4.58	4.06	6.43
Gross Profit, 2 Yr. CAGR %	-8.58	15.23	5.46	6.33	7.48
EBITDA, 2 Yr. CAGR %	-9.75	7.39	5.19	5.45	6.04
EBITA, 2 Yr. CAGR %	-8.99	16.92	6.75	5.52	6.19
EBIT, 2 Yr. CAGR %	-9	16.91	6.34	5.52	6.19
Earnings From Cont. Operations, 2 Yr. CAGR %	24.02	-32.06	-44.8	70.48	189.27
Net Income, 2 Yr. CAGR %	29.48	-27.31	-40.52	62.58	159.68
Diluted EPS Before Extra, 2 Yr. CAGR %	31.42	-27.39	-40.76	62.52	160.31
Normalized Net Income, 2 Yr. CAGR %	-6.44	4.92	5.44	-13.35	-8.52
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.38	-5.24	-3.83	0.98	4.74
Accounts Receivable, 2 Yr. CAGR %	22.65	-4.72	-10.98	-8.2	-11.29
Total Assets, 2 Yr. CAGR %	-5.97	-5.24	-3.96	1.02	5.27
Common Equity, 2 Yr. CAGR %	-7.27	1.11	-2.34	1.39	7.85
Tangible Book Value, 2 Yr. CAGR %	-7.03	1.92	-2.41	1.5	8.27
Cash From Operations, 2 Yr. CAGR %	-8.86	7.01	3.85	2.96	4.77
Capital Expenditures, 2 Yr. CAGR %	0	44.98	7.31	12.34	61.82
Levered Free Cash Flow, 2 Yr. CAGR %	8.04	-6.7	-13.92	168.02	168.06
Unlevered Free Cash Flow, 2 Yr. CAGR %	3.59	-8.13	-7.97	154.08	142.72
Dividend Per Share, 2 Yr. CAGR %	-12.1	32.29	2.9	2.82	2.74
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.26	-1.42	4.75	6.36	3.65
Gross Profit, 3 Yr. CAGR %	-5.87	-1.91	9.36	8.48	5.1
EBITDA, 3 Yr. CAGR %	-6	-2.61	4.98	7.57	3.9
EBITA, 3 Yr. CAGR %	-5.69	-2.04	11.12	8.12	3.96
EBIT, 3 Yr. CAGR %	-5.7	-2.05	10.84	8.12	3.96
Earnings From Cont. Operations, 3 Yr. CAGR %	-17.77	4.94	-42.8	29.74	50.27
Net Income, 3 Yr. CAGR %	-13.4	8.52	-37.4	26.3	46.27
Diluted EPS Before Extra, 3 Yr. CAGR %	-11.95	9.47	-37.54	26.12	46.3
Normalized Net Income, 3 Yr. CAGR %	8.63	2.85	-0.5	-2.69	-8.6
Net Property, Plant and Equip., 3 Yr. CAGR %	-4.88	-5.92	-4.39	-1.06	2.22
Accounts Receivable, 3 Yr. CAGR %	7.95	10.08	-6.74	-9.25	-11.08
Total Assets, 3 Yr. CAGR %	-4.19	-5.87	-4.24	-1.26	2.71
Common Equity, 3 Yr. CAGR %	-6.73	-5.06	-0.68	0.76	3.69
Tangible Book Value, 3 Yr. CAGR %	-6.64	-4.88	-0.22	0.86	3.88
Cash From Operations, 3 Yr. CAGR %	-5.32	-4.41	5.51	3.68	4.03
Capital Expenditures, 3 Yr. CAGR %	3.81	15.99	15.75	25.35	24.55
Levered Free Cash Flow, 3 Yr. CAGR %	-9.76	-3.72	-5.11	75.59	92.48
Unlevered Free Cash Flow, 3 Yr. CAGR %	-10.01	-5.35	-2.91	71.42	86.05
Dividend Per Share, 3 Yr. CAGR %	-6.8	-7.34	21.64	2.86	2.78
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.01	2.17	-1.44	0.74	5.38
Gross Profit, 5 Yr. CAGR %	-4.06	-1.68	-1.49	1.3	9.04
EBITDA, 5 Yr. CAGR %	-4.02	-1.78	-1.13	0.84	5.59
EBITA, 5 Yr. CAGR %	-3.8	-1.53	-0.9	0.91	8.96
EBIT, 5 Yr. CAGR %	-3.8	-1.54	-1.05	0.91	8.96
Earnings From Cont. Operations, 5 Yr. CAGR %	-17.28	-22.1	-29.89	27.42	9.39
Net Income, 5 Yr. CAGR %	-14.49	-19.5	-25.48	27.56	10.59
Diluted EPS Before Extra, 5 Yr. CAGR %	-12.86	-18.41	-24.86	28.22	10.55
Normalized Net Income, 5 Yr. CAGR %	15.94	15.99	7.34	-4.21	-3.65
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.87	-3.73	-4.46	-3.22	-0.83
Accounts Receivable, 5 Yr. CAGR %	0.94	-0.38	-0.06	2.37	-8.59
Total Assets, 5 Yr. CAGR %	-2.19	-3.96	-4.1	-3.17	-0.54
Common Equity, 5 Yr. CAGR %	-3.62	-4.26	-4.99	-2.53	2.65
Tangible Book Value, 5 Yr. CAGR %	-3.44	-4.1	-4.97	-2.38	3.09
Cash From Operations, 5 Yr. CAGR %	-1.97	-2.52	-1.75	-1.53	5.22
Capital Expenditures, 5 Yr. CAGR %	-8.87	2.96	5.19	14.52	32.35
Levered Free Cash Flow, 5 Yr. CAGR %	17.44	-3.52	-11.23	44.95	44.02
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.68	-4.54	-8.99	40.47	40.27
Dividend Per Share, 5 Yr. CAGR %	-1.35	-2.24	-3.04	-3.41	13.7