Citycon Reports 5.6% Rise in Net Rental Income for H1/2026
Citycon reported a 5.6% increase in like-for-like net rental income for the first half of 2026. Retail occupancy stood at 94.4%, while footfall and tenant sales also saw growth.
Citycon, a shopping center company, has announced its operational and financial results for the first half of 2026, indicating strong performance.
Like-for-like net rental income grew by 5.6% during the first two quarters of the year. The average retail rent per square meter increased by 1.8% compared to the same period in 2025, reaching EUR 28.5 per square meter, accounting for comparable foreign exchange rates. The retail occupancy rate for the period was 94.4%, a slight decrease from 95.3% in the second quarter of 2025.
Footfall in Citycon's properties increased by 3.1% on a like-for-like basis, and tenant sales rose by 2.6%. The company also recorded a net gain of EUR 2.7 million from the fair value of its investment properties in the first half of 2026.
Citycon continued its balance sheet management, signing new agreements. These results suggest a recovery in the retail sector and Citycon's ability to maintain its properties' appeal to consumers and retailers.