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
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