Klépierre, the leading shopping malls pure player with exclusive focus on continental Europe, delivered an unrivaled performance in 2024

Total accounting return at 15% in 2024

• 2024 net current cash flow up 5.3% vs. 2023 to €2.60 per share, exceeding the mid-range of the initial guidance by more than 5%

• EBITDA up 6.9% year-on-year

• Like-for-like net rental income up 6.3%, outpacing indexation by 350 basis points

• Increased cash dividend to shareholders of €1.85 per share

• Significant capital appreciation with EPRA NTA up 8.9% over 12 months at €32.8 per share, fueled by a 4.1% like-for-like increase in portfolio valuation

• Upward trend in retailer sales, up 4.0% like-for-like in 2024 resulting in a 12.6% occupancy cost ratio, down 20 basis points year-on-year

• Financial occupancy rate at 96.5%, up 50 basis points year-on-year

• 1,725 leases signed, up 4% in volume over the year, with a 4.0% positive rental uplift

• High investment grade balance sheet and further improved credit metrics: historic low net debt to EBITDA at 7.1x, LTV at 36.5% and ICR at 7.4x

• Undisputed ESG leadership in European real estate and CDP including Klépierre in its “A List” for the fourth time.

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