Klépierre LI.PA
Klépierre is a French REIT that owns and operates shopping malls in Europe, generating income primarily from leasing space to retailers. Klépierre shows financial health pressured by its high leverage (ND/EBITDA 6.66) and a valuation adjusted for rising rates, although its high free cash flow conversion (284.81) and dividend yield (5.16) offer some appeal.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Klépierre is a French REIT that owns and operates shopping malls in Europe, generating income primarily from leasing space to retailers. Klépierre shows financial health pressured by its high leverage (ND/EBITDA 6.66) and a valuation adjusted for rising rates, although its high free cash flow conversion (284.81) and dividend yield (5.16) offer some appeal.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.7 |
| Quality / Moat | 6.6 |
| Valuation | 6.9 |
| Growth | 5.2 |
| Dividend | 6.0 |
| Momentum | 6.9 |
| Risk & Context | 5.6 |
OVERALL SCORE: 6.1/10
Context and risks
The rise in 10-year rates makes debt financing more expensive and pressures the value of real estate assets. With a Net Debt/EBITDA of 6.66, sensitivity to rates is material.
News considered in the analysis
- Klepierre (KLPEF) Full Year 2025 Earnings Call Highlights: Strong Growth in Net Rental Income ... — El crecimiento del alquiler neto es un dato fundamental positivo para un REIT, ya que impulsa directamente el BPA y el dividendo.
- How The Klépierre (ENXTPA:LI) Narrative Is Shifting With Subtle Target And Dividend Changes — Los cambios en el precio objetivo y el dividendo sugieren una revisión moderada de las expectativas, pero sin un evento material claro.
- Assessing Klépierre (ENXTPA:LI) Valuation After Recent Share Price Momentum In European Malls — Artículo de análisis de valoración sin información nueva sobre la empresa.
- Why The Klépierre (ENXTPA:LI) Story Is Shifting As Analysts Split On Upside Potential — Opiniones divididas de analistas sin un catalizador concreto.
- Simon Property Stock: Is SPG Outperforming the Real Estate Sector? — Comparativa sectorial genérica sin impacto directo en Klépierre.
Verdict: Hold; rising rates are a headwind for the balance sheet, but cash generation and the dividend provide support.
Main risk: High leverage (ND/EBITDA 6.66) combined with the rise in 10-year interest rates is the biggest risk to Klépierre's financial health and valuation.
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