Citycon Oyj (COYJF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Citicon's first nine months 2025 results audiocast. My name is Anni Torkko and I work in the investor relations here at Citicon. Last night we published our nine-month interim report and in this audiocast our CEO Eshel Pesti and our CFO Eero Sihvonen together with our incoming CFO Hilik Attias will present the results. Eshel will first go through our business and operational highlights, and after that Eero, together with Hilik, will go through our financial results. Please, Eshel, go ahead. Good morning, all of you. Thank you for coming to our quarterly report results. Our portfolio is including above million square meter, 76% of that is retail, then we have 187,000 square meter of office and storages, and the rest is residential and hotels. We have 28 mixed necessity base centers, 1 in Estonia, 9 here in Finland, 6 in Sweden, 10 in Norway and 2 in Denmark. We will go to the results now. We continue to deliver solid results and it's clear that we are in the right direction of growth. Like for like NOI, growth by 5.7%, The retail economic occupancy rate is 95.2%. The average rent per square meter is 27.5% for the retail and it's a growth of 2.7% in the last nine months. The footfall grew by 1.5%. The like-for-like tenant sales grew by 1.4%. We gain in our valuation 42.8 million euros in the last nine months. The NRI margin is 94. And here we have the quarterly results. And you see that they are in the same direction. We have a growth of 6.8%. The retail economic occupancy is 95.2%. The average rent is 27.5%. The retail average rent grew by almost 4%. The footfall grew by almost 3%. The sales grew by 1.6% and the valuation grew by 8.6%. NRI margin is 95%. Now, how the NRI divided between the portfolio, between the countries. So Norw...