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Earnings Call Summary | KLEPIERRE(KLPEF.US) Q4 2023 Earnings Conference

Futu News ·  Feb 16 09:41  · Conference Call

The following is a summary of the Klépierre (KLPEF) Q4 2023 Earnings Call Transcript:

Financial Performance:

  • Klépierre showed signs of improvement as indicated by a decrease in vacancy in France in 2023.

  • The company's net debt to EBITDA ratio for 2023 improved at 7.4% compared to the previous year.

  • The dividend for 2023 saw an increase of 3% to €1.80, placing the company's cash dividend yield at the top of the range for large-cap real estate companies in Europe at 8%.

Business Progress:

  • For growth, Klépierre hints at exploring options of a share buyback to increase net current cash flow per share. Other growth opportunities like acquisitions are also on the table.

  • The company plans to ensure consistency between indexation and retailer sales to maintain a stable occupancy cost ratio.

More details: KLEPIERRE IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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