Company Overview - Klépierre is the European leader in shopping malls, focusing exclusively on continental Europe [3] - The company's portfolio is valued at €20.2 billion as of December 31, 2024, comprising large shopping centers in over 10 countries [3] - Klépierre hosts more than 700 million visitors annually [3] - The company is a French REIT (SIIC) listed on Euronext Paris and included in the CAC Next 20 and EPRA Euro Zone Indexes [3] Voting Rights Information - As of June 30, 2025, Klépierre has a total of 286,861,172 shares [2] - Theoretical voting rights equal the total number of voting rights attached to all shares, including those without voting rights [5] - Klépierre has 1,036,724 of its own shares, resulting in 285,824,448 exercisable voting rights [5]

July 3, 2025 09:00 AM GMT China Property | Asia Pacific Asia Summer School: China Property and Property Management – Capturing Alpha Opportunity on Commercial Players in Property Down-cycle While China housing market is still facing challenges, we see accelerating consolidation in shopping mall market providing alpha opportunities to commercial players. In this webcast, we will discuss the competitive landscape of shopping mall business and highlight the potential of key players. M Foundation Morgan Stanley ...

"当前，淄博正加快构建现代化商贸流通体系，希望淄博恒太城以此次启幕为契机，不断优化消费环境、丰富消费业态、提 升消费品质,满足市民多元化需求，带动周边商业繁荣和经济发展，以一流的信誉、服务、管理、品质，树立商贸企业良好 形象。"王建波说。 n Przemikallill 10 255 Caller 25 IF Buffet 海国8000 收 银 collact Noss illi 6月26日，商业总建筑面积达8.1万方的淄博恒太城，在张店区华光路与心环西路西南角盛大开业。 作为山东首个"超级恒太城"，淄博恒太城融入年轻、时尚、潮流、精致、便捷的商业体验，打造了乐活城市口袋公园、城 市年轻力中心、数码科技主题区、儿童友好中心、城市淄客街、城市淄然花园6大超级空间，融合潮流时尚、饕餮美食、运 动生活、潮玩体验、儿童成长等多种业态，为消费者提供了丰富的消费空间。 淄博市商务局党组成员王建波在致辞中表示，作为淄博重点打造的标杆性商业项目，淄博恒太城不仅为市民提供了"全天 候、全龄段、全场景"的消费新空间，更将成为淄博建设区域消费中心城市的重要支撑点。 据介绍，通过"首店经济+流量品牌"的业态组合，淄博恒太城引进IMc ...

Core Insights - The article discusses the transformation of commercial spaces in Nanjing, emphasizing the shift from traditional retail to experience-driven environments that attract consumers through innovative content and immersive experiences [1][2][4]. Group 1: Commercial Transformation - Nanjing's shopping landscape is evolving with new commercial complexes like Jinling Central and Xuanwu Garden City, which focus on creating engaging experiences rather than just selling products [1][4][18]. - The concept of "experience economy" and "IP creation" is becoming essential for attracting customers, with social media playing a significant role in driving foot traffic to these venues [4][8][14]. Group 2: Innovative Features - Deji Plaza exemplifies the trend of transforming shopping malls into attractions, featuring art installations and unique amenities that draw visitors for experiences beyond shopping [6][8]. - New projects like Jinling Central and Xuanwu Garden City incorporate elements of local culture and nature, such as ecological points and immersive cultural spaces, to enhance consumer engagement [12][19]. Group 3: Economic Impact - The introduction of flagship stores and unique brands is a strategic focus for Nanjing's commercial entities, with Jinling Central featuring 30% flagship stores and over 50 new brands, significantly boosting initial foot traffic and sales [15][18]. - The integration of cultural elements into commercial spaces has proven effective, as seen with Su Ning's MAX Super Experience Store, which achieved sales exceeding 50 million yuan on its opening day [20]. Group 4: Community and Local Business - Community commercial spaces are emerging as vital components of Nanjing's retail landscape, providing convenient shopping options while fostering local culture and community engagement [21][23]. - Smaller community complexes like Zijin Zhongai Li and Ruijin Li REPARK are designed to cater to local residents while attracting younger consumers through unique themes and experiences [23]. Group 5: Future Directions - Nanjing's commercial strategy is shifting towards a focus on content creation and ecological development, aligning with consumer demands and urban growth [24][25]. - The city aims to enhance its commercial landscape by integrating various retail formats and promoting a one-stop shopping experience, while also supporting community-based commercial initiatives [24][25][27].

Company Overview - Klépierre is the European leader in shopping malls, focusing exclusively on continental Europe with a portfolio valued at €20.2 billion as of December 31, 2024 [4] - The company operates large shopping centers in over 10 countries in Continental Europe, attracting more than 700 million visitors annually [4] - Klépierre is a French REIT (SIIC) listed on Euronext Paris and is included in the CAC Next 20 and EPRA Euro Zone Indexes, as well as various ethical indexes [4] Voting Rights and Shares - As of May 31, 2025, Klépierre has a total of 286,861,172 shares, with 286,861,172 theoretical voting rights and 285,861,044 exercisable voting rights [2][6] - The company owns 1,000,128 of its own shares, which are deprived of voting rights [6] Upcoming Events - The ex-dividend date for the final dividend payment is set for July 8, 2025, with the record date on July 9, 2025, and the final dividend payment scheduled for July 10, 2025 [3] - The first-half 2025 earnings will be announced on July 30, 2025, after trading [3]

受益于停车便利、国际品牌聚集和良好购物体验，塞购物中心近两年客流量持续增长，2023年和2024年 分别达2420万和2520万人次。Nicosia Mall总经理乔治乌指出，尽管电子商务发展迅速，但线下购物中 心的吸引力不减。Nicosia Mall计划在利马索尔市新建Limassol Mall，总投资预计1.2亿欧元，项目正等 待施工许可，旨在填补利马索尔零售市场空白。 与此同时，My Mall Limassol和Neon Mall Paphos也启动大规模扩建与升级项目。My Mall正进行价值 2000万欧元的翻新工程，计划2026年引入Zara Homme门店，并申请北侧万平方米扩建许可；同时，南 侧还拟开发一栋住宅楼，总投资约4000万欧元。Neon Mall则因人流及租赁需求大增，宣布将于2026年 春季启用扩建区域。 从财务表现看，Mall of Cyprus 2024年净利润1050万欧元，同比增长8%；Mall of Engomi则实现扭亏为 盈，2024年净利润110万欧元，扭转2023年亏损局面。目前塞浦路斯运营中的大型购物中心共有七座， 分别位于于尼科西亚、利马索尔、帕福斯及拉纳卡等 ...

Core Viewpoint - Midland States Bancorp (MSBI) reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and showing an increase from $0.53 per share a year ago, representing an earnings surprise of 9.62% [1][2] Financial Performance - The company posted revenues of $75.95 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.40%, although this is a decrease from $77.11 million in the same quarter last year [2] - Over the last four quarters, Midland States Bancorp has exceeded consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Midland States Bancorp shares have declined approximately 32.5% since the beginning of the year, compared to a decline of 5.5% for the S&P 500 [3] - The current Zacks Rank for the stock is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.64 on revenues of $73.95 million, and for the current fiscal year, it is $2.52 on revenues of $296.8 million [7] - The trend of estimate revisions for Midland States Bancorp has been unfavorable ahead of the earnings release [6] Industry Context - The Zacks Industry Rank for Banks - Northeast, to which Midland States Bancorp belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

Company Performance - HomeStreet reported a quarterly loss of $0.15 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.07, representing an earnings surprise of -114.29% [1] - The company posted revenues of $45.36 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 2.19% and showing an increase from $41.61 million year-over-year [2] - Over the last four quarters, HomeStreet has surpassed consensus EPS estimates only once [2] Stock Outlook - HomeStreet shares have declined approximately 2.2% since the beginning of the year, while the S&P 500 has decreased by 6.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $46.33 million, and for the current fiscal year, it is $0.30 on revenues of $187.43 million [7] Industry Context - The Financial - Savings and Loan industry, to which HomeStreet belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Core Insights - Beijing Super Extreme He Shenghui has rapidly become a commercial landmark in northern Beijing, achieving over 3 billion in sales and attracting more than 40 million visitors in its first year [1][9] - The East and West districts combined create a massive commercial complex of 460,000 square meters with nearly 800 brands, making it one of the largest in Beijing [1][19] Group 1: Opening and Performance - The East District opened on April 18 last year, attracting over 220,000 visitors on its first day and achieving sales exceeding 3 billion within a year [1] - The West District opened on March 28 this year, further enhancing the complex's appeal and scale [1] Group 2: Brand and Store Strategy - The East District introduced nearly 400 brands, with 20% being first stores, including notable attractions like the deepest indoor diving facility in Beijing and the largest Huawei smart living store in northern Beijing [5][6] - The West District focuses on family-friendly and youth-oriented brands, featuring nearly 300 brands with 35% being first stores, including several international fashion brands [6] Group 3: Consumer Experience and Events - The complex emphasizes immersive consumer experiences, with a "city theme park" concept and various outdoor and semi-outdoor spaces designed to enhance shopping and leisure [10][14] - Over 1,500 events have been held since the East District's opening, with new themed activities planned for the West District starting in May [12][14] Group 4: Spring Festival and Promotions - The "Super Extreme Festival" features a variety of activities, including sports events and music festivals, aimed at creating a vibrant spring atmosphere for consumers [15] - Upcoming events include the "Light Track" Ultraman 15th Anniversary Exhibition, set to attract anime enthusiasts with interactive experiences [17][19]