Citycon : While Covid-19 impact is limited, overall investment case stays unchanged
>High Q1 rent collections not enough to change our investment case - We maintain our underperform view on Citycon post Q1 figures. Despite the disposal of three assets around Stockholm, the overall market dynamics have not materially changed in our view. The company’s leverage remains at a heightened level compared to its peer group (46.5% at Q1 end, ABN ODDOe 46.6% at YE 2021e). While we expect the Swedish portfolio valuations in 2021 to be supported the by Q1 dispos...Citycon is an active owner, operator and developer of shopping centers. Co. aims to increase its net yield from shopping centers over the long term through active retail property management and systematic redevelopment efforts. Co. is involved in the day-to-day operations of its shopping centers. As of Dec. 31, 2011, Co. owned a total of 36 shoppings centers: 23 in Finland, 9 in Sweden, 3 in Estonia, and one in Lithuania. Co. also owns 43 other retail properties: 36 in Finland and 7 in Sweden and one undeveloped lot in Finland. Co. manages two commercial shopping centers in Finland.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.