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WKN: A2PFV6 ISIN: FI4000369947 Ticker-Symbol: TY2B 
Frankfurt
29.10.20
09:06 Uhr
6,470 Euro
-0,010
-0,15 %
Branche
Immobilien
Aktienmarkt
Sonstige
1-Jahres-Chart
CITYCON OYJ Chart 1 Jahr
5-Tage-Chart
CITYCON OYJ 5-Tage-Chart
RealtimeGeldBriefZeit
6,4806,54011:53
PR Newswire
180 Leser
Artikel bewerten:
(1)

Citycon's rent collection continues strong in Q3/2020

CITYCON OYJ Corporate press Release 15 September 2020 at 12:00 hrs

HELSINKI, Sept. 15, 2020 /PRNewswire/ -- Citycon's rent collection has reached 90% for July 2020 continuing the trend of strong collection rates.

Citycon's rent collection has been solid throughout 2020. As of today, the rent collection rate for H1/2020 stands at 94%. Solid collection rates have subsided, and 90% of July 2020 rents were collected in the beginning of week 37.

"The continued strong collections on top of the 11% gain in sales for the same month clearly signal the strength of the portfolio even during this difficult period. The holistic approach selected in the Nordics to tackle COVID-19 outbreak has placed businesses in solid position to come through the crisis and continue operations. This has been reflected also in our rent collection figures that continue to outperform the industry average. Furthermore, this highlights the demand for our necessity-based community centres with retail, municipal services and grocery stores/pharmacies that are connected to public transportation. The mixed-use strategy of our centres provides natural visitor flow bringing customers to enjoy the services of our tenants every day, even during these unusual times," says F. Scott Ball, CEO at Citycon.

Media Inquiries:
Tarja Parkkila, Communications Manager
Tel. +358 40 756 0545
tarja.parkkila@citycon.com

Citycon is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic countries. The total value of the property portfolio managed by Citycon is approximately EUR 4.4 billion. Citycon is the leading shopping centre owner in Finland and among the market leaders in Norway, Sweden and Estonia. Citycon has also established a foothold in Denmark.

www.citycon.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/citycon-oyj/r/citycon-s-rent-collection-continues-strong-in-q3-2020,c3194352

The following files are available for download:

https://news.cision.com/citycon-oyj/i/citycon-liljeholmsgalleriet,c2824719

citycon liljeholmsgalleriet

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© 2020 PR Newswire
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