Good cost controlled delivered margin beat, NOI +0.4% vs. ARCe despite rising vacanciesAdjusted IFPM right in line with our forecast at EUR 26mOperational figures encouraging, with good LFL-figures across the boardSecured debt continues to increase, and credit metrics are hurt by the large dividend payments completed in the quarterThe new facility agreement put in place between G City and Citycon could question S&P's isolated view, potentially leading to a downgradeWe continue to be comfortable ....
