|Bid||39.20 x 5000|
|Ask||40.50 x 125000|
|Day's Range||34.76 - 35.46|
|52 Week Range||32.12 - 38.58|
|PE Ratio (TTM)||8.67|
|Forward Dividend & Yield||1.96 (5.53%)|
|1y Target Est||N/A|
Klépierre SA (ENXTPA:LI) delivered an ROE of 11.56% over the past 12 months, which is an impressive feat relative to its industry average of 10.21% during the same period. OnRead More...
French shopping centre operator Klepierre is not changing its acquisition strategy following Unibail-Rodamco's $16 billion bid for Westfield Corp, its chairman Jean-Marc Jestin said on Wednesday. "We have always said by conviction that to go outside of our territory did not seem to us like it would create value for our shareholders...the vast majority of our clients, European retailers, they are in Europe, very few are global," Jestin said on an earnings call. The Westfield deal gives Europe-focused Unibail-Rodamco exposure to the U.S. market, in a move calculated to help it counter the online shopping challenge led by Amazon.
French shopping centre operator Klepierre said on Wednesday that improving consumer confidence in Europe lifted sales at its malls, driving "intense" leasing activity and helping it to boost its cash flow in 2017. The company reported net current cash flow per share of 2.48 euros for 2017, up 7.4 percent year-on-year and broadly in line with its guidance of at least 2.45 euros per share. While shopping centre operators are facing tough competition from online retailers like Amazon, the company has benefitted from a euro-zone economy which has been growing at its fastest rate in a decade, with consumer confidence jumping to a 17-year high in January.