Citycon reports operational earnings growth for first nine months of 2026
Citycon recorded a 6.8 percent increase in like-for-like net rental income during the first three quarters of 2026 amid rising footfall.
Citycon announced an 8.8 percent increase in direct operating profit for the first nine months of 2026. The performance was supported by a 6.8 percent growth in like-for-like net rental income, signaling resilience in the company's retail-focused real estate portfolio.
Operational metrics for the period show a 3.9 percent rise in like-for-like footfall and a 3.0 percent increase in tenant sales. Average rent per square meter reached 28.5 euros, representing a 1.7 percent uptick. However, the occupancy rate saw a slight decline to 94.2 percent, down from 94.9 percent in the same period of 2025.
The fair value of the firm's investment properties saw a net gain of 4.4 million euros. The figures underscore the company's continued focus on necessity-based retail properties in major urban centers.