Citycon H1/2021: Quarter over quarter growth continues
CITYCON OYJ Stock exchange release 5 August 2021 at 9:00 hrs- Net rental income 50.8 MEUR in Q2, above both Q2/2020 and previous quarter (Q1/2021)- Valuations increased for a second consecutive quarter- Direct operating profit trending ahead of last year- LTV improved to 38.9% following the issuance of the hybrid bond and the divestment of 3 non-core assets- Enhanced liquidity provides flexibility to expedite the portfolio transformation strategy- Two credit rating outlook upgrades to stable - Citycon now has an investment grade credit rating with a stable outlook from all