Results presentation as at 31 Decemeber 2016
IGD’s main results are: Group net profit: €68.3 million (+49.7%) Rental income: €131.3 million, +8.4% (LFL Italy +1.7%, Romania +3.1%) Core business Ebitda: €94.9 million (+11.6%) Market value of the portfolio: €2,178 million (+4.6%) EPRA NNNAV per share: €1.29 (+3.2%)
Ample room for further upside
Between 8 November, when the last newsletter was published, and the market close on 24 February 2017 IGD’s stock price recovered 7.6%, despite the negative impact of Italy’s perceived country risk. IGD’s stock is trading at a substantial discount with respect to its P/NNNAV 2016 (44%), while the consensus target price is 33% higher than […]
7° Sustainability Report: letter to the stakeholders
Dear Stakeholders, We are pleased to present IGD Group’s seventh Sustainability Report, approved for the first time by the Board of Directors together with its Financial Statements. This step bears witness to the Board’s deep commitment to the ever greater integration between economic-financial and social-environmental rationale. At the same time, it means that all its […]
The new look of the Winmarkt centers in Romania
Since 2018 IGD has controlled the biggest chain of shopping centers in Romania, Winmarkt, which is comprised of 15 properties located in the historic centers of 13 midsize Romanian cities. At the end of 2016 the independent appraisers valued this asset portfolio, which includes 14 shopping centers and an office building, at around €165 million. […]
2016: the best numbers ever
IGD reported record economic-financial results in 2016 which drove generalized improvement of the key performance indicators. The last shopping centers to be included in the portfolio contributed substantially to the increase, as did organic growth, thanks to the high occupancy rates and the higher rents obtained in the revised leases. Operating profit rose: the increase […]
Letter to the Shareholders
Dear Shareholders, The results reported in your Company’s Annual Report for 2016 show that the year that just ended was the best in IGD’s history. The Group’s net profit reached €68.3 million, an increase of 49.7% with respect to 2015. Core business Funds from Operations (FFO) rose 18.9% to €53.9 million: the year-end target of […]
