Citycon Oyj (COYJF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.091 -- 00:00:04.033 Eshel and Hilik will now present the results of Silicon 00:00:04.033 -- 00:00:08.675 and you can submit questions throughout the presentation and we will address them in 00:00:08.675 -- 00:00:12.876 the end and you can use the Q&A function at the bottom. 00:00:12.876 -- 00:00:17.598 Next I will give the speech to Eshel and Hilik. 00:00:18.499 -- 00:00:22.380 Thank you for coming. We will start the 00:00:22.380 -- 00:00:28.502 results of the six months. We had a very good 00:00:29.250 -- 00:00:33.093 Opening of the 2026. 00:00:33.093 -- 00:00:38.137 Our like-for-like growth is 5.6%. Our occupancy rate is 94.4. 00:00:38.137 -- 00:00:42.660 We lost around 0.9%. Retail average rent increased by 1% to 28.5 euro per square meter. 00:00:42.660 -- 00:00:45.080 Footfall growth 00:00:56.564 -- 00:00:59.945 like-for-like growth by 3.1% 00:01:00.627 -- 00:01:05.008 and the like-for-like tenant sales increased by 2.6%. 00:01:05.450 -- 00:01:10.613 The fair value grow by 2.7 million and NRI 00:01:10.613 -- 00:01:13.414 margin is 94.2. 00:01:15.156 -- 00:01:20.260 The key achievement in the first half, we signed leases for 00:01:20.260 -- 00:01:24.141 about 20,000.700 square meter. 00:01:26.466 -- 00:01:30.130 The leasing spread is 9.9%, 00:01:30.130 -- 00:01:33.931 which is impressive. The like-for-like 00:01:33.953 -- 00:01:37.755 general mall leasing increased by 26%, 00:01:38.157 -- 00:01:40.597 which is extraordinary. 00:01:40.879 -- 00:01:46.222 The operating expenses we cut for 5.5%. And we actually... 00:01:51.650 -- 00:01:57.633 buy back our bond for 26 and 27 in an amount 00:01:57.633 -- 00:02:00.113 of 252 million. 00:02:00.574 -- 00:02:02.574 We 00:02:02.956 -- 00:02:04.817 took 00:02:04.817 -- 00:02:06.577 a loan 00:02:06.577 -- 00:0...