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Klepierre stock rises on strong FY24 results and upbeat FY25 guidance


//stocks-investing.news-articles.net/content/202 .. trong-fy24-results-and-upbeat-fy25-guidance.html
Published in Stocks and Investing on by MSN   Print publication without navigation

Shares of Klepierre (EPA:LOIM) (EPA:LI) climbed 2% today as the company reported robust financial results for the fiscal year 2024, surpassing its own net current cash flow (NCCF) per share guidance and beating both analysts' estimates and Bloomberg consensus.

Klepierre, a leading European real estate investment trust specializing in shopping centers, saw its stock price rise following the announcement of its FY24 results and optimistic guidance for FY25. The company reported a robust performance with a 4.5% increase in net rental income, driven by strong like-for-like growth and contributions from new acquisitions. Additionally, Klepierre's occupancy rates improved, reaching 95.7%, and tenant sales grew by 6.1%. The firm also highlighted its strategic focus on sustainability, with significant progress in reducing its carbon footprint. Looking forward, Klepierre provided an upbeat FY25 guidance, expecting further growth in net rental income and continued operational improvements, which has instilled confidence among investors, reflected in the positive stock movement.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/klepierre-stock-rises-on-strong-fy24-results-and-upbeat-fy25-guidance/ar-AA1yYohN ]

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