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Citycon tightens FY'18 earnings outlook

Citycon Oyj revised its outlook for 2018 full-year European Public Real Estate Association-based EPS to a range of 15.75 euro cents to 16.75 cents.

The Finland-based shopping center owner and developer previously forecast EPRA EPS for the year at between 15.5 cents and 17.0 cents.

Full-year EPRA earnings are now expected to reflect a loss of between €12 million and €3 million, compared to the previously outlined range of a loss of €14 million to €1 million.