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 | 30 JUN 2022 |
31 DEC 2021 |
30 JUN 2021 |
|
|---|---|---|---|---|
| Fair value of debt | MEUR | 1,797.0 | 1,860.3 | 2,080.5 |
| Available liquidity | MEUR | 533.8 | 583.7 | 835.7 |
| Average loan maturity | years | 3.7 | 4.2 | 4.3 |
| Loan to Value (LTV) | % | 40.8 | 40.7 | 38.9 |
| Interest cover ratio (financial covenant > 1.8) | x | 4.2 | 4.1 | 4.0 |
| Net debt to total assets (financial covenant < 0.60) |
x | 0.39 | 0.38 | 0.35 |
| Solvency ratio (financial covenant < 0.65 ) | x | 0,40 | 0.39 | 0.37 |
| Secured solvency ratio (financial covenant < 0.25) |
x | 0.00 | 0.00 | 0.00 |
| Average interest-rate fixing period | years | 3.7 | 4.2 | 4.3 |
| Interest rate hedging ratio | % | 99.7 | 100.0 | 96.9 |
