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Finland's Citycon Q3 net rental income rises on strong leasing activity

By Reuters News


Overview

  • Finland mixed-use property owner's Q3 net rental income rose 10.5% yr/yr

  • Direct operating profit for Q3 increased 12.5% yr/yr

  • EPRA earnings per share for Q3 declined 19.5% yr/yr


Outlook

  • Citycon expects like-for-like net rental income to grow compared to the previous year

  • Company says market conditions in its operating regions remain supportive


Result Drivers

  • LEASING ACTIVITY - Co said strong leasing activity and improved general mall leasing income supported like-for-like net rental income growth in Q3, especially in Sweden and Denmark

  • CONSUMER DEMAND - Like-for-like tenant sales and footfall increased in the first nine months of the year, reflecting healthy consumer demand and the attractiveness of centres, per CEO Eshel Pesti


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Rental Income

EUR 57.7 mln

Q3 EPRA Earnings Excluding Hybrid Bond Interests

EUR 27.30 mln

Q3 EPRA EPS Excluding Hybrid Bond Interests

EUR 0.15

Q3 EPRA Earnings Per Share

EUR 0.10


Reuters Recommended Reads

  • Nov 5 - Sweden's Nivika Q3 rental income rises 17%

  • Nov 4 - Tanger Q3 rental revenue and net income rise, company lifts 2026 guidance

  • Nov 4 - Global Net Lease Q3 revenue falls on asset sales


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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