Klépierre: 2025 Outlook and Double Credit Rating Upgrade

Klépierre, the leading shopping center provider in continental Europe, has confirmed its 2025 targets despite an uncertain economic environment. In the first quarter of 2025, net rental income increased by 3.5%, partly thanks to the acquisition of RomaEst. Gross operating profit (EBITDA) increased by 3.8%, while the financial occupancy rate reached 96.5%.

Two rating agencies have upgraded Klépierre's rating. S&P assigned an "A-" and Fitch an "A," facilitating access to favorable financing. A €105 million green bond was issued, covering the main refinancing needs for 2025. The proposed dividend for 2024 amounts to €1.85 per share, demonstrating the group's financial strength.