Klépierre (LI) Q3 2026 TU earnings summary

Executive summary

• Steady operating momentum continued in Q3, supported by rising retailer sales, footfall, occupancy and rental uplift.

• Full-year 2026 guidance raised to minimum EBITDA of €1,165 million and net current cash flow per share of €2.83.

Financial highlights

• 9M EBITDA increased 5.4% YoY; net current cash flow per share rose 4% to €2.08.

• 9M total revenue was €1,257.1 million, versus €1,213.4 million in 9M 2025.

• 9M net rental income rose 4.6% YoY, including 3.8% like-for-like growth, 300 bps above indexation.

Outlook and guidance

• 2026 full-year guidance increased to minimum EBITDA of €1,165 million and net current cash flow per share of €2.83.

• Continued confidence in solid operating and financial performance for the rest of 2026, despite geopolitical and macroeconomic volatility.