Citycon Oyj (COYJF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.093 Mohamed, everybody, good morning. 00:00:04.195 -- 00:00:09.160 Happy to have you here on this Friday to summarize 00:00:09.160 -- 00:00:13.383 our CityCon first quarter of 2026. Next 00:00:13.545 -- 00:00:19.010 to me is Chirik, and after I will give you the 00:00:19.010 -- 00:00:25.477 management review, the operational, I will leave the floor to Chirik. 00:00:25.477 -- 00:00:28.098 We had a solid 00:00:28.620 -- 00:00:32.956 first quarter. And the operational results are the following. 00:00:32.956 -- 00:00:35.780 We have like-for-like growth 00:00:35.780 -- 00:00:38.682 in NRI, 4.5%. 00:00:39.206 -- 00:00:45.372 Our retail occupancy is almost 95, 94.8. The 00:00:47.658 -- 00:00:51.163 rent per square meter grew by 0.9% 00:00:51.163 -- 00:00:53.907 to 28.4 euro 00:00:53.907 -- 00:00:56.388 per square meter. 00:00:56.471 -- 00:00:58.790 The footfall growth... 00:00:58.790 -- 00:01:04.457 grow by 2.1%, and the tenant sales growth by 3.5%, 00:01:04.457 -- 00:01:06.840 which is a good indicator. 00:01:06.840 -- 00:01:09.923 Our valuation grow by 2.2 00:01:09.923 -- 00:01:14.569 million euro, and the NRI margin is almost 90%, 89.9. 00:01:14.569 -- 00:01:16.969 The key 00:01:18.153 -- 00:01:21.097 achievement in the quarter, 00:01:21.097 -- 00:01:26.523 we focus on the general mall leasing, and we achieve growth of 25% 00:01:26.523 -- 00:01:30.880 between the years. and we will keep focus on that. 00:01:30.880 -- 00:01:33.624 This is what we call here money on the floor. 00:01:33.624 -- 00:01:35.624 We 00:01:35.646 -- 00:01:39.531 signed at least 18.7 00:01:39.531 -- 00:01:43.276 thousand square meter of retail 00:01:43.276 -- 00:01:45.980 and we decrease our administrative 00:01:45.980 -- 00:01:48.601 cost by 17.5%. 00:01:51.006 -- 00...