Edition:
United States

Citycon Oyj (CTY1S.HE)

CTY1S.HE on Helsinki Stock Exchange

2.25EUR
27 Jul 2016
Change (% chg)

€-0.00 (-0.18%)
Prev Close
€2.25
Open
€2.24
Day's High
€2.26
Day's Low
€2.22
Volume
528,889
Avg. Vol
538,948
52-wk High
€2.53
52-wk Low
€1.98

Latest Key Developments (Source: Significant Developments)

Citycon Q2 EPRA earnings rise; 2016 outlook specified
Thursday, 14 Jul 2016 02:00am EDT 

Citycon Oyj : Q2 net rental income 57.0 million euros ($63.32 million) versus 42.6 million euros year ago . Q2 EPRA earnings increased by 8.4 million euros or 27.9 pct, to 38.7 million euros . Specifies 2016 earnings guidance . Forecasts 2016 direct operating profit to change by 17 million to 26 million euros (previously 16 million - 30 million euros) from previous year . Sees 2016 EPRA earnings to change by 11 million to 20 million euros (previously 9 million - 23 million euros) from previous year . Sees EPRA EPS (basic) to be 0.1575-0.1725 euros (previously 0.155-0.175 euros) . Says specified outlook acknowledges impact of non-core portfolio divestment in Finland, weaker Norwegian crown and impact of metro delay in Iso Omena .Believes there have been no material changes to key risk areas outlined in annual and sustainability report 2015.  Full Article

Citycon Oyj sells non-core portfolio in Finland, adjusts FY 2016 direct operating profit outlook
Friday, 29 Apr 2016 05:15am EDT 

Citycon Oyj:Divests non-core portfolio in Finland for 74 million euros.Makes adjustment to FY 2016 outlook for direct operating profit.Sees FY 2016 direct operating profit to change by 16 million - 30 million euros from previous year.Earlier expected direct operating profit will in FY 2016 increase by 20 million - 34 million euros compared to previous year.EPRA earnings and EPRA earnings per share (basic) FY 2016 guidance remains unchanged.  Full Article

Citycon maintains FY 2016 guidance
Thursday, 28 Apr 2016 02:00am EDT 

Citycon Oyj:Says FY 2016 outlook for company has remained unchanged.Forecasts FY 2016 direct operating profit to change by 20 million to 34 million euros and EPRA earnings to change by 9 million to 23 million crowns from previous year.  Full Article

Citycon to sell magistral shopping centre in Tallinn, Estonia​
Monday, 15 Feb 2016 08:22am EST 

Citycon Oyj:‍Has signed agreement to sell magistral shopping centre in Tallinn, Estonia.‍Purchase price is 24 million euros ($26.83 million)​​.‍Transaction is estimated to close by March 2016.  Full Article

Citycon Oyj proposes a dividend for FY 2015, provides outlook for FY 2016
Thursday, 11 Feb 2016 02:02am EST 

Citycon Oyj:Forecasts 2016 EPRA EPS (basic) to be 0.155 euro - 0.175 euro​.Expects Direct Operating profit to change by 20 million - 34 million euros.Sees 2016 ‍EPRA earnings to change by 9 million to 23 million euros from previous year​.Proposes to annual general meeting a dividend of 0.01 euro per share for financial year 2015​.  Full Article

Moody’s upgrades Citycon credit rating to Baa1
Friday, 15 Jan 2016 01:35pm EST 

Citycon Oyj:Moody’s Investors Service has upgraded Citycon's investment grade level long-term corporate credit rating to Baa1.The outlook is stable.Previous rating was Baa2 with a stable outlook.Rating was upgraded mainly due to Citycon’s improved business profile following the acquisition and integration of Norwegian Sektor Gruppen.  Full Article

Citycon signs 140 mln euro credit facility
Tuesday, 22 Dec 2015 07:30am EST 

Citycon Oyj:Says Citycon Norway AS has completed the refinancing of Sektor Gruppen's existing debt by signing a local secured bank loan of NOK 1.3 billion (approx. EUR 140 million) with Skandinaviska Enskilda Banken AB (publ) and Danske Bank A/S.Says l‍oan tenor is 5.5 years and loan terms include a one-year extension option that can extend maturity subject to bank approval​.  Full Article

Citycon Oyj acquires 31 pct minority stakes in shopping centres
Wednesday, 11 Nov 2015 02:15am EST 

Citycon Oyj:Agreed to acquire the 31 pct minority stakes in Storbyen and Sjøsiden shopping centres in the Oslo region and Oasen shopping centre in Bergen for an equity consideration of approx. 31 million euros from 4 minority shareholders.Already owned the 69 pct majority share in these shopping centres, which were part of the Sektor Gruppen acquisition in July 2015.  Full Article

Citycon Oyj proposes to move to quarterly distribution policy starting in 2016
Wednesday, 28 Oct 2015 03:02am EDT 

Citycon Oyj:Board will propose to the AGM to move to quarterly distribution and gives guidance on distribution level.Will propose to company's Annual General Meeting 2016 that Citycon will move to quarterly distribution policy starting in 2016.Restated current dividend distribution policy to pay out more than 50 pct of result for period excluding fair value changes on property.It is targeted distribution proposal to AGM 2016 for financial year 1.1.-31.12.2015 would be at level of 0.15 euro per share.  Full Article

Citycon Oyj comments on FY 2015 guidance
Wednesday, 28 Oct 2015 03:00am EDT 

Citycon Oyj:Forecasts FY 2015 EPRA EPS (basic) to be 0.17–0.18 (Q2/ FY 2015: 0.155–0.175).Expects FY 2015 EPRA operating profit to change by 23 to 29 million euros (Q2/ FY 2015: 17–32).Sees FY 2015 EPRA Earnings to change by 28 to 34 million euros (Q2/ FY 2015: 17–32) from the previous year.  Full Article

BRIEF-Citycon Q2 EPRA earnings rise; 2016 outlook specified

* Q2 net rental income 57.0 million euros ($63.32 million) versus 42.6 million euros year ago