Efficient portfolio financing
Citycon focuses on having a strong capital base
Citycon focuses on having a strong capital base with an appropriate gearing level, low cost of debt and flexible access to debt financing supported by investment-grade credit ratings.
Sufficient and attractively priced financing gives us the capacity and flexibility to deliver on our strategy and to buy, sell or develop when opportunities arise. Long-term joint venture partnerships extend our capital base, spread the risk and leverage the expertise.
| Key financing figures | 31 Mar 2025 | 31 Mar 2024 | 31 Dec 2024 | |
| Nominal value of debt | MEUR | 1,916.2 | 2,119.7 | 2 116.3 |
| Available liquidity | MEUR | 543.2 | 535.0 | 767.2 |
| Weighted average interest rate (incl. hedges) | % | 3.6 | 3.2 | 3.6 |
| Average loan maturity | years | 3.2 | 2.9 | 3.4 |
| Loan to Value (LTV) | % | 46.9 | 48.3 | 47.3 |
| Interest cover ratio (financial covenant > 1.8) | x | 2.6 | 3.5 | 2.7 |
| Net debt to total assets (financial covenant < 0.60) | x | 0.43 | 0.45 | 0.41 |
| Solvency ratio (financial covenant < 0.65 ) | x | 0.44 | 0.46 | 0.42 |
| Secured solvency ratio (financial covenant < 0.25) | x | 0.09 | 0.12 | 0.12 |
| Average interest-rate fixing period | years | 2.8 | 2.6 | 2.8 |
| Fixed interest rate ratio | % | 85.1 | 77.7 | 85.1 |
Debt fixed
Share of secured loan
Available liquidity (MEUR)
