Klepierre S.A.

Klepierre specializes in the development, rental, and asset management of real estate properties in 13 Continental Europe countries. Co. also provides services to third party customers. Co.'s properties include shopping centers, office buildings and shops. It structures its operation into business segments and geographic regions: Shopping centers are structured into 6 operating segments, and the remaining two operating segments are Retail Assets and Office Buildings. As of Dec 31 2013, Co.'s portfolio comprised 91 centers in France/Belgium, 25 centers in Scandinavia, 35 centers in Italy, 76 centers in Spain/Portugal, 23 centers in Central Europe, and 6 centers in other countries.
  • TickerLI
  • ISINFR0000121964
  • ExchangeEuronext Paris
  • SectorReal Estate Investment Trusts
  • CountryFrance

Analysts

Alain William ...
  • Azza Khalfallah
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/22/2019

A return to top-line growth at the fixed and mobile activities, normalisation of net-adds, value-creating infrastructure deals, Iliad has gone to great pains to reinvent itself, enabling the group to restore an intrinsic value (target price € 180) that far outstrips its current share price. - ...

Alain William ...
  • Azza Khalfallah
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/10/2019

Retour à la croissance topline fixe et mobiles, normalisation des net adds, transaction infrastructures créatrices de valeur, Iliad s’est réinventé dans la douleur, de quoi renouer avec une valeur intrinsèque (OC 180 €) plus riche que le cours actuel. - ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - EN

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - FR

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - FR

Alain William ...
  • Azza Khalfallah
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/22/2019

A return to top-line growth at the fixed and mobile activities, normalisation of net-adds, value-creating infrastructure deals, Iliad has gone to great pains to reinvent itself, enabling the group to restore an intrinsic value (target price € 180) that far outstrips its current share price. - ...

Alain William ...
  • Azza Khalfallah
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/10/2019

Retour à la croissance topline fixe et mobiles, normalisation des net adds, transaction infrastructures créatrices de valeur, Iliad s’est réinventé dans la douleur, de quoi renouer avec une valeur intrinsèque (OC 180 €) plus riche que le cours actuel. - ...

Florent Laroche-Joubert

Klépierre : Solid 9M 2019 sales and (overly) conservative consensus in our view

>Operating performance in line with our forecasts and full-year guidance confirmed - Klépierre has reported quarterly sales in line with forecasts. The 9M 2019 figure came to € 997.1m (our forecast was for € 990m), marking a very slight contraction, as expected, of 0.9% following the strategic disposals carried out over 2018 and 2019. Management reiterated its full-year guidance of NFFC per share of at least € 2.76 (i.e. at least + 4.2% y-o-y) in line with our forecas...

Benoît Faure-Jarrosson ...
  • Bruno Duclos
  • Vladimir Minot

INVEST SECURITIES - KLEPIERRE (ACHAT, OC 37€) : Perspectives de croissance confirmées

Florent Laroche-Joubert

Klépierre : Une activité solide sur 9M19 et un consensus qui nous parait (trop) conservateur

>Une performance opérationnelle conforme à nos attentes, guidance annuelle confirmée - Klépierre publie un CA d’affaire trimestriel conforme à nos attentes à 997.1 M€ sur 9M19 (nous tablions sur 990 M€) en très légère baisse comme attendu de 0.9% suite aux cessions stratégiques réalisées sur 2018 et 2019. Le management réitère sa guidance annuelle avec un CFNC / action attendu d’au moins 2,76 € (i.e. au moins + 4,2% yoy) conforme à nos attentes. Dans le détail, l...

1 director bought

A director at Klepierre bought 6,250 shares at 32.000EUR and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board mem...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Stephane Houri
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/11/2019

...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Stephane Houri
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/09/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/25/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Manuel Martin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/07/2019

...

Alfred Glaser ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Florent Laroche-Joubert
  • Louis Boujard
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/25/2019

While the 2019 Paris Air Show ended on a lacklustre note in terms of orders, it was marked by the launch of the A321XLR (which complicates the equation for the NMA) and the shelving of a rapid increase in production rates to 70 aircraft per month (a relief for the supply chain). Our hierarchy of recommendations is unchanged and we continue to prefer engine makers with MTU our Top Pick (Buy - € 220). Cf. report published this morning. - ...

KLEPIERRE sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of KLEPIERRE (FR), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date June 7, 2019, the closing price was EUR 29.42 and its target price was estimated at EUR 27.95.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

MarketLine Department

Mercialys SA - Strategy, SWOT and Corporate Finance Report

Summary Mercialys SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Mercialys SA (Mercialys) is a real estate company, which focuses on investment and management of retail assets. It owns a portfolio of 48 shopping centers and seven high-street 3assets in France across a gross leasable area of 873,00 sq. m. The company’s properties are leased to more than 600 re...

MarketLine Department

Covivio - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Covivio Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Covivio since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This re...

Jehanne Leroy

Klépierre, 16 Avril 2019

En termes de gouvernance, la société Klépierre est à saluer. Cela s'explique notamment par la séparation des fonctions de Président du Conseil et celui du Directoire. Aussi, la société jouit d'un bon taux d'indépendance du Conseil (55,56%). Concernant les rémunérations attribuées en 2018 et attribuables en 2019, le seul changement proposé concerne l’augmentation du fixe. Si cette hausse porte le fixe à des montants acceptables, les conséquences de cet écart ne le sont pas. En effet la société n’a pas modifié la structure de la rémunération variable à court et à moyen terme : cette hausse en ...

Klépierre - Assemblée générale des actionnaires du 16 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Klépierre – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 24/04/2018

We commend the company for its fair governance: indeed the Chairman and CEO functions are split and the Board has 55.56% of independent members. Regarding the 2017 and 2018 remunerations, amounts at stake are not excessive compared to French and European practice. Likewise, the structure of the remuneration is well balanced. However, we regret that neither the potential golden hello, nor the exceptional remunerations are capped. Moreover, we regret that the AGM will not be able to vote on any granted golden hello.

Jehanne Leroy

Proxy Report - 24/04/2018

En termes de gouvernance, la société Klépierre est à saluer. Cela s’explique notamment par la séparation des fonctions de Président du Conseil et celui du Directoire. Aussi, la société jouit d’un bon taux d’indépendance du Conseil (55,56%). Concernant les rémunérations attribuées en 2017 et attribuables en 2018, les montants en jeu ne sont pas excessifs au regard de l'indice d'appartenance de la société et de ses pairs européens. De même, la structure de rémunération, bien que comportant une part qualitative excessive, est plutôt équilibrée. On regrettera pourtant que ni l'indemnité de pris...

Valérie GASTALDY

Short term view - KLEPIERRE : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €29.96. The next target is at €27.60, then €25.06. Passing €29.96 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - KLEPIERRE : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 29,96 € prochainement. Le prochain objectif est à 27,60 €, puis 25,06 €. Le franchissement de 29,96 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - KLEPIERRE : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €29.96. The next target is at €27.60, then €25.06. Passing €29.96 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - KLEPIERRE : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 29,96 € prochainement. Le prochain objectif est à 27,60 €, puis 25,06 €. Le franchissement de 29,96 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Medium term view - KLEPIERRE : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €30.00, then €24.82. Passing €40.84 would question the continuation of the fall.

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