Klépierre stock breaks through 36.18 € and extends its monthly decline

Klépierre breaks its support at 36.18 € and extends its monthly correction

Klépierre is down 1.99% to 35.46 € early this afternoon, in an SBF 120 itself declining 0.58% during the session. The security broke through its support level at 36.18 € during trading and remains below this level, consolidating a downward dynamic that began several weeks ago. Over one month, the decline has reached 6.09%, in a context where a first support had already given way in early September, before a short-lived rebound observed Friday, September 25.

The security is now clearly below its 20-day moving average at 36.83 € (difference of -3.72%) and below its 50-day moving average at 38.06 € (difference of -6.83%), two averages that act as dynamic resistance levels. Only the 200-day moving average at 35.20 € provides nearby support, with the price sitting just 0.74% above it. The RSI at 35 reflects persistent selling pressure, without yet reaching a clear oversold zone.

Solid fundamentals in H1 2026, but headwinds on debt costs

When publishing its first-half 2026 results on July 29, Klépierre had raised its annual targets, aiming for a minimum EBITDA of 1,150 million euros and net current cash flow per share between 2.77 and 2.80 €. The real estate investment trust had then highlighted positive rent reversion of 5.0% on renewals and re-leasing, as well as extension projects in Italy offering projected returns exceeding 8%. These favorable elements coexist nevertheless with a structural constraint: the cost of new financing reached 3.42% at that time, significantly above the current average debt cost of 1.9%, which mechanically weighs on refinancing prospects. Furthermore, analysts' views on Klépierre constitute a monitoring element for the real estate investment trust, whose next technical resistance is located at 36.18 € (the support broken today) then at 39.14 €, levels that should be monitored during any potential rebound attempt.