Citycon Oyj (COYJF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Everybody, thank you for coming. And we will shortly start to present our results for the 2025. We open the camera just to show you that we are not an AI management. He is the CFO. My name is Eshel and I'm the CEO. And for now, we will go to the presentation. Thank you. So we'll start with the annual highlights. We can see that the like-for-like NOI grows by 5.4%, which is very good results. The retail economic occupancy is 95.5. The retail average rent grow by 3.3% per square meter, and we come to 27.7 euro per square meter. The like-for-like footfall grow by 2%. The sales grow by 1.7% and we add €51.1 million to our fair value. The NRI margin is 93.7%. The quarterly results for Q4 is like-for-like growth 3.8%. The retail economic occupancy is 95.5%. 3.3 retail average rent growth per square meter. And again, we come to the price of 27.7 euro per square meter. Football grow by 1.1%. The like-for-like sales grow by 2.1%. We gain in the fourth quarter 8.3 million to the fair value. And the NRI margin is 92.9. The key achievement in 2025, we actually deal with more than 500, I think 522 contracts, which reflect 142,000 square meters. We have significantly reduced our operational and administrative costs. During 2025, we had 51 million to our fair value. and we continue to divest non-core assets and demonstrate the sales of Lipulavia residential by the fair value book 61.5 million. We actually repayment of 830 million euro during the year and we reduce our LTV by 240 basis and we are now in 44.9% LTV. We can see here how the NOI actually grow by the year, by each country or what we call business unit. Norway 3.2, Sweden 3.7, Finland 7.7 and the average is 5.4 and on the right bar you can see how the Price per square meter grow during the quarters and as I mentioned befo...