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INDIANAPOLIS, Feb. 20, 2026 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that David Simon has resigned from the Klépierre S.A. Supervisory Board effective February 19, 2026.
Klépierre SA (KLPEF) Q4 2025 Earnings Call Transcript
Klépierre, the European leader in shopping malls, with an exclusive focus on continental Europe, continued to deliver solidly growing results over 2025
Klepierre (OTCMKTS:KLPEF - Get Free Report) and FTAI Infrastructure (NASDAQ: FIP - Get Free Report) are both finance companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, risk, profitability, dividends, valuation, analyst recommendations and institutional ownership. Analyst Ratings This is a summary of recent recommendations
We are facing very high risks. Now is not the time to speculate with risky REITs. I present two REITs that I sold recently.
Klepierre is a retail REIT focused on continental Europe, with 40% of tenant sales coming from France. The company confirmed its full-year outlook and was able to access 10-year financing at very favorable terms. I estimate that lower interest rates have reduced the impact refinancing will have on cash flows to only €0.45/share.
Klepierre, a French-based European Retail REIT, boasts a strong portfolio of irreplaceable shopping malls in central European cities, offering a 6.32% yield and BBB+ rating. Despite its impressive fundamentals and core ownership by Simon Property Group and APG, Klepierre's growth is expected to be slower, with a 4% EBITDA increase in 2024. The company trades below its EPRA NTA, presenting a 10% discount, but US-based REITs like Realty Income currently offer more attractive investment opportunities.
Klepierre and Mercialys are REITs focused on European retail real estate, particularly in France. Both companies reported low-single-digit footfall and tenant sales growth, although Klepierre did deliver higher net rental income growth. Leverage is modest at both REITs. That said, cash flows will remain under pressure from refinancing.
The REIT market experienced a little dip in October. As a result, some of them are becoming opportunistic again. I highlight 2 of my favorite REITs to buy in November 2024.
Klepierre is a retail REIT focused on continental Europe, primarily in France and Italy. The REIT has outperformed the Vanguard Global ex-U.S. Real Estate ETF so far in 2024 with a 16% total return. H1 2024 results were robust, and the company increased its cash flow outlook. I estimate a total potential return in the low double digits for the shares.
There are REITs all around the world. International REITs offer significant upside potential. Here are three of my favorites to buy today.
Mall operator Klepierre is focusing on Europe's most dynamic and affluent big cities and offering experiences beyond shopping to compete with fast-growing online retailers, its chairman Jean-Marc Jestin told Reuters on Tuesday.
Klépierre (OTCMKTS:KLPEF – Get Free Report) and Digital Realty Trust (NYSE:DLR – Get Free Report) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their risk, earnings, analyst recommendations, institutional ownership, profitability, dividends and valuation. Analyst Recommendations This is a summary of recent recommendations for Klépierre and Digital Realty Trust, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Klépierre 1 2 0 0 1.67 Digital Realty Trust 2 7 7 1 2.41 Digital Realty Trust has a consensus target price of $142.65, indicating a potential downside of 0.82%. Given Digital Realty Trust’s stronger consensus rating and higher probable upside, analysts clearly believe Digital Realty Trust is more favorable than Klépierre. Valuation & Earnings This table compares Klépierre and Digital Realty Trust’s revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Klépierre $1.62 billion N/A $208.54 million N/A N/A Digital Realty Trust $5.48 billion 8.20 $948.84 million $3.60 39.95 Digital Realty Trust has higher revenue and earnings than Klépierre. Profitability This table compares Klépierre and Digital Realty Trust’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Klépierre N/A N/A N/A Digital Realty Trust 21.24% 6.37% 2.72% Risk and Volatility Klépierre has a beta of 1.46, indicating that its stock price is 46% more volatile than the S&P 500. Comparatively, Digital Realty Trust has a beta of 0.55, indicating that its stock price is 45% less volatile than the S&P 500. Insider & Institutional Ownership 99.7% of Digital Realty Trust shares are owned by institutional investors. 0.4% of Digital Realty Trust shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term. Summary Digital Realty Trust beats Klépierre on 11 of the 12 factors compared between the two stocks. About Klépierre (Get Free Report) Klépierre SA is the European leader in shopping malls, combining property development and asset management skills. The Company's portfolio is valued at 19.3 billion at December 31, 2023, and comprises large shopping centers in more than 10 countries in Continental Europe which together host hundreds of millions of visitors per year. Klépierre SA holds a controlling stake in Steen & Strøm (56.1%), Scandinavia's number one shopping center owner and manager. Klépierre SA is a French REIT (SIIC) listed on Euronext Paris and is included in the CAC Next 20 and EPRA Euro Zone Indexes. It is also included in ethical indexes, such as Euronext CAC 40 ESG, Euronext CAC SBT 1.5, MSCI Europe ESG Leaders, FTSE4Good, Euronext Vigeo Europe 120, and features in CDP's A-list. These distinctions underscore the Group's commitment to a proactive sustainable development policy and its global leadership in the fight against climate change. About Digital Realty Trust (Get Free Report) Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 25+ countries on six continents.
Klepierre confirmed its net current cash flow per share guidance of €2.45-2.50/share in 2024, flat Y/Y.
Klépierre (KLPEF) Q4 2023 Earnings Call Transcript
Klepierre did an excellent job hedging its interest expenses, with half of all bonds maturing in the early 2030s. The company will only slowly refinance its bonds at a higher level, with a cumulative negative impact on net current cash flow of about 0.42 EUR/share. The majority of the refinancing impact will come in the 2030s, allowing the company to benefit from rent indexation in the process.
European REITs are today on sale. In many cases, they are even cheaper than US REITs. We highlight 3 of our Top Picks.
KlePierre is a large European shopping mall REIT with over 70 premier shopping malls, maintaining strong occupancy of 95.8%. European shopping malls are more than just shopping destinations, offering experiences such as dining, entertainment, and services, making them resilient to e-commerce. KlePierre's tenant mix includes grocery stores, providing higher footfall and stable rent collections, contributing to its resilience and potential for growth.
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 biggest European mall landlord Klépierre which recently reported very good H1 2023 results. The stock offers a nearly 8% dividend yield and trades 20% below NAV.
Klépierre (OTCPK:KLPEF) 2023 First Half Earnings Conference Call August 1, 2023 12:00 PM ET Company Participants Jean-Marc Jestin – Chairman of the Executive Board Stephane Tortajada – Chief Financial Officer Conference Call Participants Celine Soo-Huynh – Barclays Florent Laroche-Joubert – ODDO Bruno Duclos – Invest Securities Florent Egonneau – Bank of America Markus Kulessa – Bank of America Robert Jones – BNP Paribas Operator Ladies and gentlemen, welcome to Klépierre's Half Year Financial Results. I now hand over to Mr.