Klépierre, a company specializing in the development, ownership and management of shopping centers in continental Europe, released, this Thursday, October 23, the results for the first nine months of 2025, showing confidence in ending the year with growth.
The company expects a 5.5% increase in EBITDA and a 4% growth in recurring net cash flow, which is expected to reach 2.70 euros per share. Over the last three years, EBITDA and recurring net cash flow grew 23% and 21%, respectively.
Klépierre’s shopping centers, located in dynamic areas of Europe, recorded a 6.5% increase in net rental income, with a growth of 4.2% in comparable terms, the company informs in a statement. Revenues from activities in shopping centers, including retail media and events, increased by 10%. Retailer sales rose 3.3%, driven by a 2.3% increase in footfall at centres.
Rental demand remains strong, with an average increase in rents of 4.6% and an occupancy rate of 97%, which represents a growth of 50 basis points compared to the previous year. The group also issued a €500 million green bond, with a spread of 103 basis points, strengthening its financial position.
Klépierre maintains a net debt ratio of 6.9 times EBITDA and an average cost of debt of 1.9%, which places it among the leaders in the European real estate sector. The company highlights its leadership in sustainability, ranking first in the GRESB 2025 ranking among European listed real estate companies, with a score of 95 out of 100 and a five-star rating.
Given the positive performance in the first nine months, Klépierre revised its forecasts upwards for 2025, forecasting an increase of 5.5% in EBITDA and a recurring net cash flow of 2.70 euros per share. The average dividend yield is estimated at 6% until the end of the year.