Earnings release
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PRESS RELEASE - KLÉPIERRE STEADY TRADING MOMENTUM AND GUIDANCE UPLIFT • Full - year 2026 guidance raised : EBITDA¹to reach a minimum of € 1,165 million and net current cash flow per share to increase by 4 % year - on - year to € 2.83 • • . 9 - month EBITDA2 up 5.4 % year - on - year Net current cash flow per share up 4 % over the first 9 months Acquisition from its JV partner of the remaining 50 % stake in a portfolio including II Leone , a leading mall in the Lombardy region ( Italy ) Paris October 21 , 2026 Solid trading momentum continued during the third quarter , as leading and fast - growing retailers fueled uninterrupted demand for high - quality retail space . These healthy fundamentals , combined with an irreplaceable portfolio of destination malls across continental Europe and a dynamic consumer environment , drove further market share gains , continued leasing activity and strong rental uplift . Sustained organic growth momentum over 9 months : Continued market share gains : • ○ ○ • Footfall up 1.1 % Like - for - like retailer sales³ up 3.9 % Retailer demand remained very strong across all categories , with major international and emerging brands continuing to prioritize the best locations in their expansion strategies : ○ Financial occupancy rate at 97.1 % , up 10 basis points year - on - year о 5.5 % rental uplift on renewals and relettings • Net rental income up 4.6 % year - on - year • Industry - leading credit profile backed by A - range credit ratings ensuring highly competitive access to financing : • 。 € 1,060 million of new money raised at a blended yield of 3.81 % and a 7 - year average maturity comprising notably the issuance of an 8 - year green bond for € 500 million with a coupon of 3.875 % o Historically low net - debt - to - EBITDA ratio at 6.6x , and ICR at 7.0x ○ Average cost of debt at 1.9 % 。 2027 refinancing maturities fully covered Unrivalled ESG leadership : Klépierre's strategy and best - in - class performance were once again recognized in 2026 by the Global Real Estate Sustainability Benchmark ( GRESB ) . Since 2024 , the Group has been consistently ranked No. 1 among all listed real estate companies in Europe , across all asset classes • Klépierre's total revenue for the first nine months of 2026 amounted to € 1,257.1 million K KLEPIERRE 1