PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
French Klépierre earnings decline on tax factors
French shopping centre REIT/SIIC Klépierre net earnings declined due to tax factors in 2010. Net profit fell to E124.6m from E162m and net current cash flow per share dropped 1.6% to E1.96 - but 2009 earnings had been inflated by a tax credit. Klépierre is proposing to raise the dividend 8% to E1.35. The portfolio rose 4.4% in value to E15.1bn like for like. Fully diluted NAV rose to E28.10.