Citycon Oyj reported Q1 2026 results with 25% growth in general mall leasing (GML) and 3.5% increase in net rental income (NRI). However, shares fell 60.24% to 2.88 amid investor concerns.
NRI reached EUR 51.8 million, up 3.5% YoY. EPRA earnings were EUR 19.0 million (vs EUR 19.4 million last year). The stock trades at a P/E of 11.6 and price-to-book of 0.3, appearing undervalued per Bond.az analysis.
Citycon focuses on expanding GML, asset divestments in Finland, Sweden, and Norway, and improving its capital structure. Management expects more details by H1 2026 results.
