(AOF) – After Unibail-Rodamco and Mercialys, it is now Klépierre’s turn to present its 2021 results. Thus, the property company specializing in shopping centers revealed a net current cash flow of 2.18 euros per share, an increase of 10.6% over one year. At the same time, total revenue stood at 1.07 billion euros (compared to 1.13 billion in 2020) and net rental income amounted to 879.5 million euros, up 3.9 %.
Given these results, Klépierre will offer shareholders a cash distribution of 1.70 euros per share, an increase of 70% compared to 2020.
“2021 has been a year full of challenges, marked in particular by the equivalent of 2.5 months of store closures in Klépierre shopping centers. However, despite these difficulties, we are now posting solid results with growth of 10.6% of net current cash flow per share, exceeding our last objective”, commented Jean-Marc Jestin, Chairman of the Management Board of Klépierre.
“Since the reopening, all of our operational indicators are approaching or exceeding pre-pandemic levels, as shown by the recovery in rental activity, the improvement in the occupancy rate and the rebound in retailer turnover”, he added.
As for the outlook for 2022, provided that the recovery in activity will not be affected by new disruptions linked to Covid, Klépierre expects to generate net current cash flow per share of between 2.30 and 2.35 euros.
This would represent an increase of 9.5% to 11.9%, compared to the cash flow of €2.10 generated in 2021 and restated for the impact of the 2021 disposals (-€0.08).
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