Klepierre SA (LI) - Net Assets

Latest as of December 2025: €11.46 Billion EUR ≈ $13.40 Billion USD

Based on the latest financial reports, Klepierre SA (LI) has net assets worth €11.46 Billion EUR (≈ $13.40 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€22.27 Billion ≈ $26.03 Billion USD) and total liabilities (€10.80 Billion ≈ $12.63 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Klepierre SA tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€11.46 Billion
% of Total Assets	51.48%
Annual Growth Rate	10.91%
5-Year Change	8.21%
10-Year Change	-8.56%
Growth Volatility	46.86

Klepierre SA - Net Assets Trend (2001–2025)

This chart illustrates how Klepierre SA's net assets have evolved over time, based on quarterly financial data. See Klepierre SA defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Klepierre SA (2001–2025)

The table below shows the annual net assets of Klepierre SA from 2001 to 2025. For live valuation and market cap data, see LI market cap.

Year	Net Assets	Change
2025-12-31	€11.46 Billion ≈ $13.40 Billion	+7.65%
2024-12-31	€10.65 Billion ≈ $12.45 Billion	+6.28%
2023-12-31	€10.02 Billion ≈ $11.71 Billion	-4.20%
2022-12-31	€10.46 Billion ≈ $12.23 Billion	-1.27%
2021-12-31	€10.59 Billion ≈ $12.38 Billion	+1.52%
2020-12-31	€10.43 Billion ≈ $12.20 Billion	-14.88%
2019-12-31	€12.26 Billion ≈ $14.33 Billion	-4.93%
2018-12-31	€12.89 Billion ≈ $15.07 Billion	-0.52%
2017-12-31	€12.96 Billion ≈ $15.15 Billion	+3.38%
2016-12-31	€12.54 Billion ≈ $14.66 Billion	+6.88%
2015-12-31	€11.73 Billion ≈ $13.71 Billion	+228.93%
2014-12-31	€3.57 Billion ≈ $4.17 Billion	+4.96%
2013-12-31	€3.40 Billion ≈ $3.97 Billion	-6.17%
2012-12-31	€3.62 Billion ≈ $4.23 Billion	+5.77%
2011-12-31	€3.42 Billion ≈ $4.00 Billion	-6.61%
2010-12-31	€3.67 Billion ≈ $4.29 Billion	+3.80%
2009-12-31	€3.53 Billion ≈ $4.13 Billion	+11.38%
2008-12-31	€3.17 Billion ≈ $3.71 Billion	+27.73%
2007-12-31	€2.48 Billion ≈ $2.90 Billion	+3.76%
2006-12-31	€2.39 Billion ≈ $2.80 Billion	+3.80%
2005-12-31	€2.30 Billion ≈ $2.69 Billion	+2.66%
2004-12-31	€2.24 Billion ≈ $2.62 Billion	+64.18%
2003-12-31	€1.37 Billion ≈ $1.60 Billion	+22.78%
2002-12-31	€1.11 Billion ≈ $1.30 Billion	+16.55%
2001-12-31	€955.54 Million ≈ $1.12 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Klepierre SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1704.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€1.30 Billion	13.94%
Common Stock	€401.60 Million	4.31%
Other Comprehensive Income	€2.83 Billion	30.39%
Other Components	€4.79 Billion	51.36%
Total Equity	€9.32 Billion	100.00%

Klepierre SA Competitors by Market Cap

The table below lists competitors of Klepierre SA ranked by their market capitalization.

Company	Market Cap
Sanlam Ltd JSE:SLM	$9.92 Billion
Maplebear Inc. NASDAQ:CART	$9.93 Billion
Baxter International Inc NYSE:BAX	$9.94 Billion
Guidewire Software Inc NYSE:GWRE	$9.94 Billion
Service Corporation International NYSE:SCI	$9.92 Billion
CCL Industries Inc TO:CCL-B	$9.92 Billion
American Airlines Group NASDAQ:AAL	$9.91 Billion
Zhejiang Jingsheng Mech Electric SHE:300316	$9.91 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Klepierre SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 8,597,700,000 to 9,324,000,000, a change of 726,300,000 (8.4%).
Net income of 1,299,400,000 contributed positively to equity growth.
Dividend payments of 529,200,000 reduced retained earnings.
New share issuances of 800,000 increased equity.
Other comprehensive income increased equity by 2,834,000,000.
Other factors decreased equity by 2,878,700,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€1.30 Billion	+13.94%
Dividends Paid	€529.20 Million	-5.68%
Share Issuances	€800.00K	+0.01%
Other Comprehensive Income	€2.83 Billion	+30.39%
Other Changes	€-2.88 Billion	-30.87%
Total Change	€-	8.45%

Book Value vs Market Value Analysis

This analysis compares Klepierre SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.25x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 1.56x to 1.25x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	€23.23	€36.20	x
2002-12-31	€24.28	€36.20	x
2003-12-31	€9.94	€36.20	x
2004-12-31	€13.24	€36.20	x
2005-12-31	€10.30	€36.20	x
2006-12-31	€11.04	€36.20	x
2007-12-31	€11.10	€36.20	x
2008-12-31	€7.19	€36.20	x
2009-12-31	€12.71	€36.20	x
2010-12-31	€12.84	€36.20	x
2011-12-31	€11.25	€36.20	x
2012-12-31	€11.55	€36.20	x
2013-12-31	€10.69	€36.20	x
2014-12-31	€12.36	€36.20	x
2015-12-31	€31.05	€36.20	x
2016-12-31	€32.42	€36.20	x
2017-12-31	€33.97	€36.20	x
2018-12-31	€34.53	€36.20	x
2019-12-31	€33.25	€36.20	x
2020-12-31	€28.63	€36.20	x
2021-12-31	€29.40	€36.20	x
2022-12-31	€29.19	€36.20	x
2023-12-31	€28.00	€36.20	x
2024-12-31	€29.98	€36.20	x
2025-12-31	€29.00	€36.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Klepierre SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 13.94%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 78.45%
• Asset Turnover: 0.07x
• Equity Multiplier: 2.39x
Recent ROE (13.94%) is above the historical average (12.45%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	8.62%	24.92%	0.12x	2.85x	€-13.15 Million
2002	8.86%	28.13%	0.12x	2.69x	€-12.65 Million
2003	7.87%	27.54%	0.11x	2.65x	€-29.09 Million
2004	5.71%	26.32%	0.07x	3.03x	€-79.14 Million
2005	100.28%	319.80%	0.07x	4.29x	€1.31 Billion
2006	12.81%	37.43%	0.08x	4.52x	€42.65 Million
2007	15.18%	38.67%	0.07x	5.25x	€78.85 Million
2008	20.38%	32.62%	0.06x	10.32x	€119.10 Million
2009	9.15%	23.19%	0.07x	5.52x	€-19.21 Million
2010	7.61%	22.04%	0.06x	5.33x	€-57.34 Million
2011	9.43%	23.22%	0.07x	6.20x	€-11.94 Million
2012	7.54%	16.79%	0.08x	5.85x	€-54.42 Million
2013	2.57%	5.03%	0.09x	5.78x	€-155.34 Million
2014	26.43%	68.97%	0.09x	4.24x	€397.84 Million
2015	2.88%	19.53%	0.06x	2.47x	€-677.94 Million
2016	11.79%	84.59%	0.06x	2.41x	€180.64 Million
2017	11.82%	87.35%	0.06x	2.42x	€188.94 Million
2018	8.10%	50.62%	0.07x	2.39x	€-196.95 Million
2019	3.32%	20.12%	0.07x	2.52x	€-652.54 Million
2020	-9.60%	-56.39%	0.06x	2.80x	€-1.60 Billion
2021	6.48%	41.11%	0.06x	2.59x	€-295.77 Million
2022	4.96%	27.45%	0.07x	2.46x	€-421.22 Million
2023	2.40%	12.87%	0.07x	2.51x	€-608.97 Million
2024	12.77%	73.00%	0.07x	2.44x	€237.73 Million
2025	13.94%	78.45%	0.07x	2.39x	€367.00 Million

Industry Comparison

This section compares Klepierre SA's net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

Industry: REIT - Retail
Average net assets among peers: $3,233,438,028
Average return on equity (ROE) among peers: 6.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Klepierre SA (LI)	€11.46 Billion	8.62%	0.94x	$9.92 Billion
Carmila SA (CARM)	$-5.48 Million	0.00%	0.00x	$2.32 Billion
Frey SA (FREY)	$600.53 Million	7.51%	0.64x	$1.09 Billion
Mercialys SA (MERY)	$1.68 Billion	8.78%	0.05x	$1.09 Billion
Patrimoine et Commerce SA (PAT)	$125.81 Million	6.09%	1.18x	$382.37 Million
Selectirente (SELER)	$66.70 Million	6.24%	1.11x	$351.62 Million
Unibail-Rodamco-Westfield (URW)	$16.93 Billion	9.87%	1.10x	$14.42 Billion

About Klepierre SA

PA:LI France REIT - Retail

Market Cap

$12.11 Billion

€10.36 Billion EUR

Market Cap Rank

#2277 Global

#46 in France

Share Price

€36.20

Change (1 day)

+0.17%

52-Week Range

€31.04 - €36.66

All Time High

€36.66