Citycon H1/2022: Strong operating results beat consensus estimates and result in raising full-year guidance midpoint
CITYCON OYJ Stock exchange release 10 August 2022 at 20:30 hrsCITYCON RESULTS SUMMARY: FINANCIAL PERFORMANCE · Like-for-like net rental income in Q2 increased 9.1% compared to the previous year (+6.2% excluding one-time items) · Year-to-date, LFL net rental income increased 6.1% (+4.6%, excluding one-time items) · Continuing the Q1 trend, average rent per sq.m. increased by EUR 0.2 in Q2 · Year-to-date, total average rent per sq.m. increased by EUR 1.0 to EUR 23.6 per sq.m through the combination of indexation and positive leasing spread in all our countries ·