(AOF) – Klépierre has confirmed its objective of generating net current cash flow per share of between 2.30 and 2.35 euros per share in 2022. Based on the current macroeconomic outlook, the property company specializing in shopping centers says it has not identified the need to revise its financial forecast for 2022.
The group clarifies that it does not operate in Ukraine or Russia and does not expect that “the inflationary pressures created by this situation will not have a material impact on its cost structure or on the cost of its projects. in development “.
However, he adds that “persistent inflation could potentially impact household consumption for certain products and services marketed by tenants”.
In the first quarter of 2022, gross rental income from shopping centers reached €272.9 million (+9.7% at constant scope) and sales amounted to €359.5 million (+4.7% at current scope).
Klépierre mentioned sustained rental activity with 372 leases signed with stable reversion and a stable occupancy rate of 94.7%.
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Chinese real estate still in turmoil
Real estate is essential for the growth of the world’s second largest economy. However, after the setbacks of the giants Evergrande and Fantasia, other smaller promoters are having difficulty repaying their debts. The giant Evergrande is strangled by an abyssal debt of around 260 billion euros. He is fighting to pay his bond interest on time and deliver his apartments, so as to avoid a bankruptcy that would shake the entire Chinese real estate sector. The OECD believes that the risks of a sharp slowdown in China have increased with the setbacks of Evergrande. A drop of 2 points per year in Chinese domestic demand over two years would reduce global growth by 0.4 points of GDP.