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Klépierre confirms net current cash flow target of at least €2.40/share

Jean-Marc Jestin, Président du directoire de Klépierre © Michel Labelle
Jean-Marc Jestin, Président du directoire de Klépierre © Michel Labelle
By La rédaction Business Immo
October 20, 2023 | 6:55 AM

Translated from French.

The European shopping center owner, which today presented its Q3 2023 results, has seen its net debt fall compared with the end of 2022 to €7.45 billion, following the payment of the full dividend in cash. The average maturity of its debt is 6.4 years, while the interest-rate coverage ratio reaches 100% in 2023 and 98% in 2024.

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