Klépierre reported total revenues of roughly €1.32 billion for the full year 2017, up 1.6% compared to the previous year's results.
Following €568 million worth of disposals since early 2017, Klépierre's net current cash flow per share was €2.48 for the full year 2017, up 7.4% from the previous year and surpassing its initial guidance of €2.35 to €2.40. European Public Real Estate Association NAV per share rose 7.8% year over year to €39.60.
Net rental income for shopping centers increased 2.3% to around €1.08 billion, from approximately €1.05 billion in 2016. Retail sales at Klépierre malls climbed 2.1% on a like-for-like basis in 2017.
The retail real estate investment trust signed 1,864 leases in 2017, representing an 8% increase year over year. Its renewed or relet leases represented €126.5 million in minimum guaranteed rents, for an average reversion rate of 12.9%.
For 2018, the company expects to generate net current cash flow per share of between €2.57 and €2.62.
