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Klépierre 9-month revenue relatively flat YOY; FY'19 outlook confirmed

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Klépierre 9-month revenue relatively flat YOY; FY'19 outlook confirmed

Klépierre's total revenue for the first nine months came to €997.1 million, down 0.9% from €1.01 billion in the year-ago period.

Total gross rental income for the period was €935.9 million, down 0.8% year over year from €943.2 million.

Retailer sales increased 1.9% on a like-for-like basis compared to the first nine months of 2018.

The company secured €27.9 million in additional minimum guaranteed rents with 1,224 leases signed.

The France-based shopping center-focused real estate investment trust maintained its net current cash flow per share guidance of at least €2.76 for the full year.