HLSE:CTY1SReal Estate
Citycon (HLSE:CTY1S) Stock Faces Funding Strain Despite Solid Rental Growth
Citycon Oyj shares barely moved into this earnings release, with the stock down less than 1% over the past week and flat over the past month, which suggests investors were sitting on their hands. The headline from H1 is very different from that sleepy tape. Like-for-like net rental income growth of 5.6% and a reported net rental income margin of about 94% underline that the core Nordic shopping centre portfolio is still doing the heavy lifting.
The real story for Citycon today sits on the...