April 28 (Reuters) – Klepierre SA LOIM.PA:
* TOTAL REVENUES UP 4.7% TO €359.5 million
* GROSS RENTAL INCOME FROM SHOPPING CENTERS UP 9.7% LIKE-FOR-LIKE
* NET RENTAL INCOME UP 88.3% LIKE-FOR-LIKE
* FIRST QUARTER 2022 COLLECTION RATE EXPECTED AT 96.7%
* SOLID BALANCE SHEET: DECREASE IN NET DEBT TO EUR 7.9 M, 87% COVERED AT FIXED RATE IN 2022; NO NEED FOR REFINANCING BEFORE THE END OF 2024
* CONFIRMATION OF THE TARGET FOR NET CURRENT CASH-FLOW PER SHARE FOR 2022 BETWEEN EUR 2.30 AND EUR 2.35
* CASH DISTRIBUTION FOR FISCAL YEAR 2021 OF EUR 1.70 PER SHARE ON MAY 16, 2022
* THE GROUP DOES NOT OPERATE IN UKRAINE OR RUSSIA AND DOES NOT EXPECT INFLATIONARY PRESSURES TO HAVE A MATERIAL IMPACT ON ITS COST STRUCTURE OR ON THE COST OF ITS PROJECTS UNDER DEVELOPMENT
* PERSISTENT INFLATION COULD POTENTIALLY IMPACT HOUSEHOLD CONSUMPTION FOR CERTAIN PRODUCTS AND SERVICES MARKETED BY TENANTS
* THE GROUP HAS NOT, HOWEVER, IDENTIFIED THE NEED TO REVISE ITS FINANCIAL FORECASTS FOR 2022
Original text on Eikon nGNE6bNzKm For more details, click on LOIM.PA
(Gdansk Newsroom)