Klépierre SA (KPR)

Profile

https://www.klepierre.com

Klépierre SA is a French real estate investment trust (REIT) and Europe's leading operator of shopping centers in continental Europe. Founded in 1990 and headquartered in Paris, the company specializes in the ownership, management, and development of high-quality urban shopping malls located in the 40 largest cities across more than 10 countries, including France, Italy, Germany, Spain, the Netherlands, and Turkey. With a portfolio valued at €20.2 billion comprising over 70 leading malls, Klépierre attracts more than 700 million visitors annually, focusing on dynamic population centers with strong demographic and economic growth integrated into local infrastructure. Notable for its sustainability efforts, the company has reduced emissions by 84% and energy use by 48% since 2013, achieving 100% sustainability certification for its centers. Major shareholders include Simon Property Group (20.3%) and APG (13.1%). Klépierre plays a pivotal role in the European retail real estate market by blending asset management with property development, enhancing tenant mixes with international brands, and driving commerce through innovative 'Shop. Meet. Connect.' experiences.