Q4 2025 Citycon Oyj Earnings Call Transcript
Key Points
- Citycon Oyj (FRA:TY2B) reported a like-for-like NOI growth of 5.4%, indicating strong operational performance.
- The company achieved a high retail economic occupancy rate of 95.5%, showcasing effective asset management.
- Citycon Oyj (FRA:TY2B) successfully reduced its operation and administrative costs, enhancing profitability.
- The company added €51.1 million to its fair value gain, reflecting positive asset valuation adjustments.
- Citycon Oyj (FRA:TY2B) significantly reduced its loan-to-value (LTV) ratio by 240 basis points to 44.9%, strengthening its financial position.
- Net rental income (NRI) decreased by 3.1% to €209.2 million, primarily due to divestments.
- The company experienced increased financial costs, aggregating to €6.4 million, impacting overall earnings.
- Citycon Oyj (FRA:TY2B) faces cap rate pressure from Finland, which could affect future valuations.
- The unsecured debt market is currently limited, pushing the company to rely more on secured financing.
- The company's dividend policy remains uncertain, with dividends contingent on debt repayment and financial stability.
Show you that we are not an AI management. Hilik, he's the CFO. My name is Eshel, and I'm the CEO. And for now, we will go to the presentation. Thank you.
So, we'll start with the annual highlight. We can see that the like for like NOI growth by 5.4%, which is very good results. The retail economic occupancy is 95.5%. The little average rent grown by 3.3% per square meter, and we come to â¬27.7 per square meter. Like-for-like footfall grown by 2.0%. The cells-the-cells grown by 1.7%. And we add â¬51.1 million to our fair value gain. Then our margin is 93.7%
The quarterly results for quarter four are like-for-like grown 3.8%. The retail economic occupancy is 95.5% 3.3% retail average rent gross per square meter, and again, we come to the price of â¬27.7 per square meter. Footfall grown by 1.1%. The like for sales grown by 2.1%. We gained in the fourth quarter â¬8.3 million to the fair value, and the NRI margin is 92.9%.
The key achievement in 2025, we actually deal with more than 500, I think 522 contracts which reflect 142,000
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