Investor Presentaiton slide image

Investor Presentaiton

... AND WITH THE CONTINUED STRONG SALES AND FOOTFALL COMBINED WITH LOW OCR'S THERE IS SUPPORT FOR AN INCREASED RENT ABSORPTION BY THE TENANTS Increasing Tenant Sales and an Industry Low OCR Group LFL tenant sales in Q3/22 above pre-Covid levels, Q3/22 vs. Q3/19 7.9% increase. LFL tenant sales growth in all business units for YTD 2022 vs. 2021 with a total LFL growth of 7.0%. Even though divestments are included in total sales, the YTD total sales has increased by 1.1%. Low OCR of 9.1% on Group level, indicating a healthy operating environment for the tenants. Occupancy Cost Ratio by Business Unit and Group in Q3/2022 10.2% 9.1% 8.3% 8.4% With the continuous increase in tenant sales and with an industry low OCR there is head room to increase the rents for our tenants. Tenant Sales Development, Q1-Q3/2022 vs. Q1-Q3/2021 12.2% 11.6% 9.0% LFL Sales Finland & Estonia **Citycon -2.4% Total Sales* Sweden & Denmark 7.0% 2.9% -6.1% Norway Finland & Estonia Norway Sweden & Denmark Total Tenant Footfall Development, Q1-Q3/2022 vs. Q1-Q3/2021 19.2% 17.2% 8.6% 3.4% 9.7% 2.4% 1.1% Finland & Estonia Sweden & Denmark Norway LFL Footfall Total Footfall* Total *Total sales and total footfall is including impact of divested assets 12.1% 9.1% Total Citycon Investor Presentation 11
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