French shopping mall operator Klepierre saw its 2014 net profit improve slightly even though revenues fell as the group sold non-core assets to refocus on fast-growing urban areas. The company said net profit rose to 406.5 million euros in 2014 from 403.7 million the previous year, slightly ahead of analysts average forecast for 402 million euros as polled by Thomson Reuters I/B/E/S.Total gross rents fell 13 percent to 820.3 million euros last year, as it sold 2.4 billion euros in assets. That fell short of analysts average estimate for 881 million euros.The company, which is part owned by U.S. mall operator Simon Property Group and BNP Paribas, bought smaller Dutch group Corio, putting it on a firmer footing to take on bigger rival Unibail-Rodamco.Klepierre said it targeted earnings per share of 2.10-2.15 euros this year, after 2.07 in 2014. The 2014 result was slightly ahead of its guidance and analysts' estimates.
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Shares of SPG traded higher by 0.82% or $1.57/share to $193.99. In the past year, the shares have traded as low as $147.77 and as high as $206.31. On average, 1429580 shares of SPG exchange hands on a given day and today's volume is recorded at 447167.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.13% or $0.05/share to $38.64. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 785764 shares of TRI exchange hands on a given day and today's volume is recorded at 965959.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.33% or $-0.65/share to $48.15. In the past year, the shares have traded as low as $36.86 and as high as $50.53. On average, 760394 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1010945.
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