Q3 2025 Citycon Oyj Earnings Call Transcript

Oct 31, 2025 / 08:00 AM GMT

Release Date Price: €7.42

Transcript

Key Points

Positve

Citycon Oyj (FRA:TY2B) reported a like-for-like net operating income (NOI) growth of 5.7%, indicating strong operational performance.
The economic occupancy rate for retail properties is high at 95.2%, reflecting robust demand for their retail spaces.
The average rent per square meter for retail properties increased by 2.7% over the last nine months, showcasing effective rent management.
Footfall in their properties grew by 1.5%, and like-for-like tenant sales increased by 1.4%, indicating healthy consumer engagement.
The company successfully refinanced and extended its revolving credit facility, increasing it by €50 million to €250 million, enhancing liquidity and financial flexibility.

Negative

Citycon Oyj (FRA:TY2B) experienced a net rental income decrease of €5.1 million due to asset disposals, impacting overall income.
The company's net debt to EBITDA ratio is relatively high at 9.6%, which could indicate potential leverage concerns.
Interest coverage ratio stands at 2.4%, which might be considered low, potentially affecting the company's ability to cover interest expenses.
The weighted average interest rate on debt is 4.04%, which could increase financial costs amid rising interest rate environments.
The company reported a decrease in net rental income by €2.7 million on a quarterly basis, attributed to asset disposals.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTY1S.HE - Citycon Oyj
Q3 2025 Citycon Oyj Earnings Call
Oct 31, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to CitiO's 1st 9 months 2025 results audio cast.

My name is Onit Torko and I work in the investor relations here at Citicon.

Last night we published our 9 month interim report and in this audio cast our CEO EL Pesti and our CFO Erosi Vonn, together with our incoming CFO Hili Attiass will present the results.

Eshel will first go through our business and operational highlights, and after that era, together with Heli, we'll go through our financial results. Please, Eshel, go ahead.

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Unidentified_2 [2]
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Good

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