Citycon’s rent collection continues to be strong at 93% for September and overall Q3 of 92%. Combined with increased collections from prior months the YTD collection number is 94%.
“The figures show that our portfolio continues to benefit from both its tenant mix and the markets in which we operate. Our necessity-based community centres are located in densely populated urban areas with direct connections to transportation, which creates a natural flow of visitors to the centres. During the pandemic, shopping locally has become more important which has benefited the centres”, says F. Scott Ball, CEO at Citycon.
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