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Klepierre (ex Compagnie Fonciere Klepierre)
(LI)
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Rating:74Outperform
Price Target:
€39.00
▲(1.09% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by improving financial performance (accelerating 2025 revenue, strong 2024–2025 profitability, and positive free cash flow) and supported by attractive valuation (low P/E and solid dividend yield). Technicals are a secondary drag due to overbought momentum signals despite a clear uptrend.
Positive Factors
Accelerating Revenue
The sharp 2025 revenue acceleration indicates stronger commercial performance across Klépierre’s property portfolio after flat 2024 results. If sustained through leasing, tenant sales and asset initiatives, higher revenue can support recurring rental income and strengthen operating leverage.
Negative Factors
Meaningful Leverage
Although leverage has improved from 2020–2021, debt remains meaningful for the company. This leaves Klépierre more exposed to refinancing conditions and changes in asset values, potentially limiting financial flexibility when funding investments or managing weaker property markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue
The sharp 2025 revenue acceleration indicates stronger commercial performance across Klépierre’s property portfolio after flat 2024 results. If sustained through leasing, tenant sales and asset initiatives, higher revenue can support recurring rental income and strengthen operating leverage.
Read all positive factors
Klepierre (ex Compagnie Fonciere Klepierre) (LI) vs. iShares MSCI France ETF (EWQ)
Market Cap
€9.86B
Dividend Yield5.43%
Average Volume (3M)548.72K
Price to Earnings (P/E)7.3
Beta (1Y)0.61
Revenue Growth3.02%
EPS Growth15.66%
CountryFR
Employees1,034
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)4.77
Shares Outstanding286,861,180
10 Day Avg. Volume612,536
30 Day Avg. Volume548,721
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)1.04
Price to Sales (P/S)5.84
P/FCF Ratio13.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€41.24Price Target Upside6.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)2.81
Revenue Forecast (FY)€1.32B
Klepierre (ex Compagnie Fonciere Klepierre) Business Overview & Revenue Model
Company Description
Klépierre SA is the European leader in shopping malls, with exclusive focus on continental Europe. The Company’s portfolio is valued at 21.2 billion euros at December 31, 2025, and comprises large shopping centers in more than 10 countries in Cont...
How the Company Makes Money
Klépierre primarily makes money by leasing retail space in its shopping centers and earning recurring rental income from tenants. The core revenue stream is base rent paid under lease agreements with retailers; this is complemented in some cases b...
Klepierre (ex Compagnie Fonciere Klepierre) Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.10B | 1.66B | 1.50B | 1.50B | 1.51B | 1.32B |
| Gross Profit | 1.29B | 1.20B | 1.13B | 1.09B | 1.10B | 935.90M |
| EBITDA | 2.21B | 1.92B | 1.71B | 500.30M | 954.40M | 815.90M |
| Net Income | 1.37B | 1.30B | 1.10B | 192.70M | 415.20M | 544.70M |
Balance Sheet | ||||||
| Total Assets | 22.33B | 22.27B | 20.97B | 20.09B | 20.55B | 21.78B |
| Cash, Cash Equivalents and Short-Term Investments | 355.00M | 831.90M | 400.80M | 358.70M | 281.60M | 640.00M |
| Total Debt | 8.02B | 8.79B | 7.98B | 7.89B | 7.93B | 9.05B |
| Total Liabilities | 10.70B | 10.80B | 10.32B | 10.07B | 10.09B | 11.19B |
| Stockholders Equity | 9.47B | 9.32B | 8.60B | 8.02B | 8.36B | 8.40B |
Cash Flow | ||||||
| Free Cash Flow | 723.90M | 725.70M | 774.70M | 741.60M | 638.90M | 610.20M |
| Operating Cash Flow | 921.10M | 931.40M | 965.00M | 933.80M | 826.10M | 778.50M |
| Investing Cash Flow | -342.40M | -249.60M | -275.60M | -100.00M | 352.30M | 651.20M |
| Financing Cash Flow | -1.18B | -243.90M | -646.30M | -807.80M | -1.52B | -1.25B |
Klepierre (ex Compagnie Fonciere Klepierre) Technical Analysis
Neutral
38.58
Price Trends
37.42
Negative
36.66
Negative
34.49
Positive
Market Momentum
-0.71
Positive
39.98
Neutral
28.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:LI, the sentiment is Neutral. The current price of 38.58 is above the 20-day moving average (MA) of 35.89, above the 50-day MA of 37.42, and above the 200-day MA of 34.49, indicating a neutral trend. The MACD of -0.71 indicates Positive momentum. The RSI at 39.98 is Neutral, neither overbought nor oversold. The STOCH value of 28.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:LI.
Klepierre (ex Compagnie Fonciere Klepierre) Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €1.99B | 6.74 | ― | 9.48% | -1.15% | -15.14% | |
74 Outperform | €9.86B | 7.33 | 14.54% | 5.40% | 3.02% | 15.66% | |
69 Neutral | €1.11B | 9.03 | 11.70% | 5.78% | 45.41% | 1859.21% | |
65 Neutral | €12.57B | 7.91 | 8.88% | 5.15% | -6.45% | 102.99% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €883.33M | 16.60 | 5.00% | 10.57% | 3.19% | 70.45% | |
53 Neutral | €1.78B | -25.89 | -5.57% | 11.02% | -20.40% | ― |
* General Sector Average
FR:LI
Klepierre (ex Compagnie Fonciere Klepierre)
34.98
4.56
15.01%
FR:ALTA
ALTAREA
72.20
-19.05
-20.88%
FR:MERY
MERCIALYS
9.46
-0.51
-5.12%
FR:URW
Unibail Rodamco Westfield
86.96
2.92
3.47%
FR:CARM
Carmila SAS
14.28
-1.01
-6.61%
FR:FREY
Frey SA
34.60
7.56
27.97%
Klepierre (ex Compagnie Fonciere Klepierre) Corporate Events
Klépierre Updates Share Count and Voting Rights Ahead of Q3 Trading Release
Oct 8, 2026
Klépierre reported that as of September 30, 2026, it had 286,861,172 shares outstanding, with an equal number of theoretical voting rights and 286,625,891 exercisable voting rights after accounting for treasury shares. The disclosure, made un...
Klépierre Buys Back 75,000 Shares to Fund Equity Incentive Plans
Oct 6, 2026
Klépierre has repurchased 75,000 of its own shares between September 30 and October 2, 2026, at an average price of €34.79 under its share buyback program authorized in May 2026. The purchases, executed on Euronext Paris and CEUX, are i...
Klépierre updates share capital and voting rights ahead of Q3 performance release
Sep 4, 2026
Klépierre has confirmed that its share capital comprised 286,861,172 shares as of August 31, 2026, all listed on Euronext Paris under ticker LI. The group reported an equal number of theoretical voting rights, while exercisable voting rights ...
Klépierre Taps Strong Investor Demand with €500 Million Green Bond
Aug 25, 2026
Klépierre has strengthened its financing structure and sustainability profile by issuing a €500 million green bond with an eight-year maturity, set to expire in September 2034 and bearing a 3.875% coupon. The issuance underscores invest...
Klépierre Updates Share and Voting Rights Structure as of July 31, 2026
Aug 7, 2026
Klépierre reported that as of July 31, 2026, the company has 286,861,172 shares outstanding, corresponding to an equal number of theoretical voting rights, with 286,793,348 exercisable voting rights once shares without voting rights are exclu...
Klépierre Publishes First-Half 2026 Financial Report and Sets Trading Update Date
Aug 6, 2026
Klépierre has publicly released and filed its first-half 2026 financial report with the French market regulator, making the document available to investors and other stakeholders via its website’s finance section. The move provides upda...
Klépierre Lifts 2026 Guidance After Robust First-Half Growth
Jul 29, 2026
Klépierre reported strong operating momentum in the first half of 2026, as robust retailer demand for high-quality space drove leasing volume up 8% and kept financial occupancy at 97.1%. Footfall rose 1.2% and like-for-like retailer sales inc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.