Real Estate Investment Trusts (REITs)
Company Overview of Klémurs S.A.
Klemurs, together with its subsidiaries, operates as a property investment company in France. The company owns and manages retail property assets. Its property portfolio primarily includes stand-alone assets or structured retail parks integrated within suburban retail areas. It also owns storefront properties in downtown areas. In addition, the company provides support services for retail development projects. As of December 31, 2008, it owned a property portfolio of 307 assets. The company was founded in 1998 and is based in Paris, France.
21 avenue Kléber
Founded in 1998
Key Executives for Klémurs S.A.
Chairman of the Executive Board of Klépierre
Compensation as of Fiscal Year 2014.
Klémurs S.A. Key Developments
Klémurs Looking To Sell Assets
Feb 3 14
Klémurs S.A. is looking for selling assets. Chief Executive Officer of Klepierre SA (ENXTPA:LI), Laurent Morel said, “Well when it comes to Klemurs, of course we will sell those assets. We have a few deals underway. I have in mind a deal of around 30 million that is going on. Close to valuation, at valuation so its okay. But it is a bit early to say. Yes, we are marketing this portfolio actively. We are confident we can find buyers for those very good French retail assets. We are not in an urgency, but we do it very constantly. So that is the bulk of what we still have for sale, I would say. In addition to that, you will still find here and there in the portfolio of Klepierre some assets that are not bad assets, but could be replaced by better ones. So going forward, it will be a question of, do we have better opportunities; and if we have better opportunities in development or in acquisition, we may consider to sell some of our assets as well.”
Klémurs S.A. to Report Q1, 2013 Sales/Trading Statement Results on Apr 24, 2013
Feb 1 13
Klémurs S.A. announced that they will report Q1, 2013 sales/trading statement results After-Market on Apr 24, 2013
Klémurs S.A. Announces Audited Consolidated and Parent Earnings Results for the Full Year Ended December 31, 2012
Jan 31 13
Klémurs S.A. announced audited consolidated and parent earnings results for the full year ended December 31, 2012. On consolidated basis for the year, the company reported net rents of EUR 41.334 million against EUR 39.888 million for the same period a year ago. Cash flow from operations was EUR 41.3 million against EUR 39.4 million for the same period a year ago. Net current cash flow per share was EUR 2.8 against EUR 2.6 a year ago. Operating income was EUR 22,611,000 against EUR 29,936,000 for the same period a year ago. Profit before tax was EUR 1,876,000 against EUR 12,092,000 for the same period a year ago. Net income of consolidated entity was EUR 1,876,000 against EUR 12,092,000 for the same period a year ago. Diluted comprehensive earnings per share were EUR 0.2 against EUR 1.5 a year ago. Reconstitution NAV per share was EUR 32.1 against EUR 35.2 a year ago. Net debt amounted to EUR 365.7 million on December 31, 2012.
On parent basis for the year, the company reported operating income of EUR 44.2 million against EUR 43.8 million for the same period a year ago. Operating result was EUR 17.8 million against EUR 21.6 million for the same period a year ago. Pre-tax loss was 1.1 million against pretax income of EUR 6.2 million for the same period a year ago. Net loss was EUR 1.6 million against net income of EUR 6.0 million a year ago.
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