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.