Slide 1: Creating cities full of life
Creating cities full of life 1
Slide 2: Key highlights
Key highlights — 47% of rental income derived from necessity-based tenants – the strongest-performing retail subsector and best credit tenants Stable necessity-based — Public sector and healthcare tenants represent ~10% of GLA retail — All centers are located in main population centers with good acc
Slide 3: Strong operational results in 2025
Strong operational results in 2025 +5.4% 95.5% +3.3% 27.7 EUR LFL NRI growth* Retail economic occupancy rate Retail avg. rent / sq.m. increase* Retail avg. rent / sq.m. +2.0% +1.7% +51.1 MEUR 93.7% LFL footfall LFL tenant sales Fair value net gain NRI margin of investment properties *With comparable
Slide 4: Citycon's asset portfolio
Citycon’s asset portfolio Assets Visitors 28 127M GLA Portfolio value 9 1M 3.8EURbn Centers 10 Centers Public Transportation Accessibility 6 Centers 1 Centers 100% 2 Centers 30% 47% Finland & Estonia Norway 23% Sweden & Denmark 4
Slide 5: In numbers
In numbers NRI WAULT 209EURm 3.6Y Average Yield EPRA NRV per share 6.3% 8.45EUR Rents Tied to Indexation 95% 5
Slide 6: Resilient tenant mix
Resilient tenant mix Top-10 tenants RESIDENTIALS S Group OTHER & HOTELS Kesko Group WELLNESS ICA Group 4% 2% GROCERIES Varner Group 5% Necessity-Based Tenants 20% Norges Gruppen COSMETICS & PHARMACIES 9% Normal ~47% CAFES & 11% Coop SATS Lindex Group RESTAURANTS 17% City of Espoo FASHION & Grocery-A
Slide 7: Stable operating countries
Stable operating countries Average annual retail spending growth forecast 4% in the Nordics1 5.7% 5.4% 5.1% 3.8% 3.8% 2.6% 2.3% 2.2% 1.6% 1.6% 1.2% 0.6% Warsaw Berlin Helsinki Paris Madrid Barcelona London Oslo Stockholm Copenhagen Gothenburg Amsterdam Key economic indicators in our operating countr
Slide 8: Continued actions to derisk the balance sheet
Continued actions to derisk the balance sheet Interest rate Average debt Weighted average Liquidity, December 2025 Share of fixed ratio maturity interest rate (incl. hedges) secured debt 93% 3.5Y 4.11% € 351M ~5% Diversified funding sources Debt maturities (EUR million) 2.6% Bonds Equity 36.0% 450 B
Slide 9: Key credit metrics
Key credit metrics Loan to value (IFRS) Net debt to EBITDA (IFRS) 47.3% 10.7x 46.3% 46.9% 46.4% 46.9% 44.9% 9.6x 9.3x 9.3x 9.3x 9.0x 2023 2024 Q1/2025 Q2/2025 Q3/2025 Q4/2025 2023 2024 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Interest coverage ratio (IFRS) Weighted average interest rate 3.7x 4.03% 4.04% 4.11
Slide 10: Necessity-based last-mile logistics hubs increase stability
Necessity-based last-mile logistics hubs increase stability Dense and growing locations Convenient, everyday use Top credit tenants Densely populated urban locations in the All Citycon’s centers are connected to Grocery anchored centers with a large largest and fast-growing cities in the public tran
Slide 11: Citycon's strategy
Citycon’s strategy How we create value Assets in Nordic Necessity based Proven asset Recycling of capital Inherent building rights prime locations tenant mix management – Which will enhance – Top 2 cities in – Grocery – Long lasting – EUR 1 billion value of underlying A stable core each country anch
Slide 12: Sustainability key figures
Sustainability key figures * Lorem ipsum 12
Slide 13: Thank you!
%- Citycon THANK YOU! &. Citycon