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PRESS RELEASE FIRST - HALF 2021 EARNINGS Paris July 27 , 2021 Klépierre , the European leader in shopping malls , today reported earnings for the six - month period ended June 30 , 2021. ( ¹ ) The main highlights include : - - First - half 2021 net current cash flow ( total share ) of € 248 million or € 0.72 per share Collection rate of 70 % over the first - half as of July 21 , 2021 , reflecting 5 months of severe restrictions ( out of which 2.5 months of full store closures ) Strong sales recovery since reopening , with June sales reaching 96 % ( 2 ) of the 2019 level , and up 15 % compared to June 2020 Dynamic leasing activity with almost 800 leases signed , and positive reversion Loan - to - value flat compared to December 31 , 2020 at 41.1 % pro forma ( 3 ) € 472 million in disposals closed since January 1st ( including the sale of five assets in Norway on July 8 , for a total consideration of € 435 million ) EPRA Net Tangible Asset Value per share at € 29.70 ( 4 ) Guidance confirmed for 2021 net current cash flow per share expected at € 1.80 ( 5 ) , assuming no more store closures or severe restrictions KEY FINANCIALS H1 2021 H1 2020 In millions of euros , total share Total revenues 475.4 616.0 Net Rental Income ( NRI ) , shopping centers Property portfolio valuation ( incl . transfer taxes ) Net debt 315.9 503.1 21,471 22,840 9,146 9,129 Loan - to - Value ( LTV ) 42.6 % 40.0 % Net debt to EBITDA 12.6x 8.4x In euros , Group share EPRA Net Tangible Assets ( NTA ) per share ( 4 ) Net current cash flow per share 29.7 34.9 0.72 1.37 K KLEPIERRE