PARIS Feb 3 French property group Klepierre
posted a 2.2 percent rise in 2013 rental income on
like-for-like basis in 2013, overshooting its full-year earnings
The real-estate group, co-owned by Simon Property
and BNP Paribas, which has been focusing on large
retail properties that are expected to provide higher returns,
said it completed its 2012-2013 disposal programme worth 1.3
billion euros ($1.76 billion), exceeding its 1-billion target.
Klepierre said gross rental income from its mall-focused
portfolio grew by 2.5 percent in 2013. Net current cash flow per
share grew by 3.8 percent to 2.07 euros, compared to a target of
at least 3 percent.
It said it now forecast cash flow per share of "at least 2
euros" in 2014.
($1 = 0.7397 euros)
(Reporting by Maya Nikolaeva; Editing by Lionel Laurent)