After a decline of over 7% in one month, Klépierre stock rebounds by 2.5%

A rebound that encounters moving averages still trending downward

The Klépierre stock gains 2.32% to €35.24, an increase that places it at the top of the SBF 120 index, which advances 0.46% at the same time. The move follows a decline of 7.17% over one month, and the price remains below its 20-day moving average (€36.25, a gap of -2.79%), as well as below its 50-day moving average (€37.78, a gap of -6.72%). The RSI at 24 reflects an oversold configuration following this slide, and the price is hovering near the 200-day moving average (€35.23), which it is testing upward after having broken through its support levels in recent weeks, as the breakdown through €36.18 at the end of September had illustrated.

The Paris session is benefiting from a relaxation following a period of tension on interest rates, with the 10-year OAT at 4.72%, according to the latest reading from the Banque de France on October 6, or 18 basis points below the peak of 4.90% reached on October 1. The CAC 40 advances 0.40% in this context, while the OAT-Bund spread remains at 1.27 point.

Half-year results that led the real estate investment trust to raise its 2026 objectives

When publishing its first-half 2026 results on July 29, the company had revised upward its objectives for the full year, with EBITDA of at least €1,150 million and current net cash flow per share between €2.77 and €2.80. The group also reported a positive rental reversion of 5.0% on renewals and re-lettings, as well as extension projects at Le Gru, near Turin, and at Romagna, near Rimini, with targeted yields of 10% and over 8%. Among the risks mentioned on this occasion is the cost of new financing at 3.42%, higher than the average cost of current debt at 1.9%. In terms of levels, the support at €34.24 remains the threshold to monitor: the price is approximately 3% above it, and resistance is at €39.14.