REGULATED RELEASE INFORMATION REGARDING THE TOTAL VOTING RIGHTS AND SHARES OF KLÉPIERRE SA AS OF SEPTEMBER 30, 2025(1) Paris – October 10, 2025 NUMBER OF SHARES AS OF SEPTEMBER 30, 2025 Date09/30/2025Company nameKlépierreTrading placeEuronext Paris (Compartment A)MnemonicLISymbolsEPA:LI / LI:FP / LOIM.PA ISINFR0000121964Total number of shares286,861,172Total number of voting rights Number of theoretical voting rights(2)286,861,172Number of exercisable voting rights(3) 286,310,633AGENDA October 22, 2025Febru ...

It was only a handful of years ago that the pandemic had many investors wondering if they were seeing the end of malls. Simon Property Group (NYSE: SPG ) has proven the doubters wrong, driving occupancy ratesJulian is the leader of the investing group Best Of Breed Growth Stocks where he only shares positions in stocks which have a large probability of delivering large alpha relative to the S&P 500. He also combines growth-oriented principles with strict valuation hurdles to add an additional layer to the c ...

Group 1 - The company Klépierre has issued a €500 million inaugural green bond with a 12-year maturity and a coupon of 3.75%, marking the longest tenor for a European REIT in the euro debt capital markets since 2022 [2] - This issuance reflects strong investor demand for Klépierre's long-term bonds, which are rated in the A range, the highest levels within the European listed real estate sector [2] Group 2 - Klépierre is recognized as the European leader in shopping malls, focusing exclusively on continental Europe, with a portfolio valued at €20.6 billion as of June 30, 2025 [3] - The company's shopping centers attract over 700 million visitors annually and are located in more than 10 countries across Continental Europe [3] - Klépierre is listed on Euronext Paris and included in various indexes, such as CAC Next 20 and EPRA Euro Zone, as well as ethical indexes like CAC SBT 1.5 and MSCI Europe ESG Leaders, highlighting its commitment to sustainable development and climate change initiatives [3]

Core Insights - JLC Nanjing, a commercial landmark under Hongkong Land, is set to officially open on September 19, 2023, with the theme "Cheerfully Nanjing," aiming to upgrade the city's fashion landscape [1] - Since its soft launch on April 29, 2023, JLC has positioned itself as a "social living room" for the city, rapidly attracting urban attention and becoming a hub for luxury and trendy experiences [1] Group 1: Brand Matrix and Consumer Experience - JLC has established a diverse brand matrix, with over 40% of tenants being first-time entrants to Nanjing, Jiangsu, or even nationwide, creating a "first-store economy" that opens new avenues for consumers [2] - The project features international brands such as Christian Louboutin and Vivienne Westwood, alongside local designer brands like Yohji Yamamoto and Uma Wang, enhancing the shopping experience with high-end quality and style [2] - JLC also includes lifestyle brands like Aesop and HARMAY, extending its offerings to cultural, sensory, and daily living experiences for consumers [2] Group 2: Immersive Art and Cultural Integration - JLC provides an immersive platform for cultural and artistic experiences, featuring digital art installations and interactive experiences that blend tradition with modernity [3] - Notable installations include a digital art scroll by Dutch artist Digiway and a digital art piece titled "Time Train" by Jin Arts, showcasing JLC's role as a source of urban lifestyle inspiration [3] Group 3: International Collaboration and Events - JLC has introduced several international IPs to Nanjing, including the first national pop-up space for artist David Hockney and the ComplexCon Hotel exhibition, broadening the city's artistic horizons [4] - The grand opening will feature a variety of interactive experiences and brand showcases, transforming JLC into a vibrant fashion stage for the city [4] - The opening week will include brand launch shows and immersive shopping experiences, allowing consumers to engage actively in the fashion narrative [4][6] Group 4: Future Outlook - JLC aims to continuously ignite urban consumer enthusiasm with limited editions and city-exclusive offerings, reinforcing its role in reshaping urban life [6] - The opening event on September 19 is expected to create a significant fashion wave in the city, blending international trends with local culture [6]

Core Insights - The article highlights the transformation of Zhongmu New District into a vibrant commercial hub within the Zhengzhou metropolitan area, focusing on unique shopping experiences and innovative business strategies [1][3][4]. Group 1: Commercial Development - Zhongmu New District has developed a distinctive commercial economy by analyzing consumer trends and creating immersive shopping environments, establishing itself as a benchmark for commercial street development in Henan Province [1][3]. - The district has adopted a "first-store economy" strategy, promoting flagship stores to combat market homogenization, resulting in over 100 flagship stores at the Shanshan Outlets [3][4]. - The successful implementation of a brand scarcity strategy has shifted Zhongmu from a "brand follower" to a "brand originator," creating a solid commercial moat that attracts consumer power from across the province [3][4]. Group 2: Experience-Driven Consumption - The integration of "commercial + cultural tourism" has become a key strategy for attracting visitors and extending their stay, enhancing the overall shopping experience [4][7]. - Zhongmu's Shanshan Outlets have transformed shopping into a park-like experience, blending retail with leisure and entertainment, thus appealing to a broader audience [5][7]. - The district has introduced various events and activities, such as music festivals and sports events, to shift from merely selling products to offering experiences, effectively creating a "micro-vacation destination" [7][8]. Group 3: Emotional Consumption Trends - The rise of emotional consumption is evident, with Zhongmu's Shanshan Outlets focusing on personalized services that foster deep emotional connections with consumers [8][10]. - The establishment of a three-dimensional service system catering to women, pets, and families reflects the district's commitment to enhancing customer loyalty and lifetime value [8][10]. - The emphasis on detailed services, such as free amenities and special gifts for specific demographics, has significantly improved customer satisfaction and loyalty, transforming one-time shoppers into long-term patrons [10].

Company Overview - Klépierre is the European leader in shopping malls, focusing exclusively on continental Europe [3] - The company's portfolio is valued at €20.6 billion as of June 30, 2025, comprising large shopping centers in over 10 countries [3] - Klépierre attracts 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 August 31, 2025, Klépierre has a total of 286,861,172 shares [2] - The number of exercisable voting rights is 286,297,975, accounting for shares deprived of voting rights [2][6] - Klépierre owns 563,197 of its own shares, which are excluded from the exercisable voting rights [5] Sustainability and Ethical Commitment - Klépierre is included in various ethical indexes, such as CAC SBT 1.5, MSCI Europe ESG Leaders, and FTSE4Good, highlighting its commitment to sustainable development [3] - The company features in CDP's "A list," underscoring its leadership in combating climate change [3] Upcoming Events - A trading update for the first nine months of 2025 is scheduled for October 22, 2025, after market closing [3]

Company Performance - Simon Property Group, Inc. (NYSE: SPG) has underperformed the market year-to-date, showing high single-digit underperformance since the last recommendation against investing [2]. Strategic Initiatives - The company is addressing the challenges posed by a new wave of modern malls, indicating a proactive approach to adapt to changing market conditions [2]. Investment Strategy - The Value Portfolio focuses on building retirement portfolios through a fact-based research strategy, which includes extensive analysis of 10Ks, analyst commentary, market reports, and investor presentations [2].

Core Viewpoint - Simon Property Group Inc (NYSE:SPG) has shown positive momentum by breaking through key resistance levels, indicating potential for further gains in the stock price [2][6]. Group 1: Stock Performance - SPG cleared a pivot range between $168.50 and $171.50, surpassing both November-December lows and April-May highs [2]. - The stock has broken above its 200-day moving average, which previously acted as a resistance level [2]. - Over the past three years, SPG averaged a 155% gain after 66% of instances where it approached this trendline [2]. Group 2: Analyst Sentiment - Despite the recent stock performance, most analysts maintain a neutral stance on SPG, with 10 out of 19 analysts currently holding a "hold" rating [6]. - This neutral sentiment suggests potential for upgrades in the future as the stock continues to perform well [6]. Group 3: Options Trading - Options for SPG are currently affordably priced, with a Schaeffer's Volatility Index (SVI) of 19%, placing it in the low 4th percentile of readings from the past year [6]. - A recommended call option has a leverage ratio of 14.68, which will double on a 6.4% rise in the underlying security [7].

Company Overview - Klépierre is the European leader in shopping malls, focusing exclusively on continental Europe [3] - The company's portfolio is valued at €20.6 billion as of June 30, 2025, 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 July 31, 2025, Klépierre has a total of 286,861,172 shares [2] - The number of theoretical voting rights is 286,861,172, while the number of exercisable voting rights is 286,357,017 [2][4][5] - Klépierre owns 504,155 of its own shares, which are deprived of voting rights [4]

Core Viewpoint - Klépierre has released its first-half 2025 financial report, highlighting its position as a leading European shopping mall operator with a significant portfolio value and commitment to sustainability [2][4]. Company Overview - Klépierre is the European leader in shopping malls, focusing exclusively on continental Europe [3]. - The company's portfolio is valued at €20.6 billion as of June 30, 2025, comprising large shopping centers in over 10 countries [3]. - Klépierre attracts more than 700 million visitors annually to its shopping centers [3]. - The company is a French REIT (SIIC) listed on Euronext Paris and is included in the CAC Next 20 and EPRA Euro Zone Indexes [3]. - Klépierre is recognized in various ethical indexes, including CAC SBT 1.5, MSCI Europe ESG Leaders, and FTSE4Good, reflecting its commitment to sustainable development and climate change initiatives [3].