Italy | ESP IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. has inaugurated the extension of the ESP mall in Ravenna. The company’s cash-out for this mall extension reached around €52 million, including approximately €5.7 million for primary and secondary urbanization works, accounting for rents in leases that have already been finalized. At capacity, the yield […]
Please be advised that in accordance with the law, the Half-year Financial Report as at 30 June 2017, approved by the Board of Directors on 4th August 2017, together with the Report on the limited audit of the condensed consolidated financial statements at 30 June 2016 issued by the external auditors PricewaterhouseCoopers Spa will be […]
Today the Board of Directors of IGD examined and approved the Half-Year Financial Report at 30 June 2017
IGD’s main results are: Group net profit: €48.9 million (+84.6%) Recurring net income (FFO): €31.9 million, (+17.8%); outlook FY2017 revised upward: +20% vs FY2016 Core business revenue: €71.6 million, +6.0% (LFL Italy +1.5%, Romania +7.0%) Sales of retailers in Italian malls +1.3%; significant upside on renewed leases (Italy +4.7%; Romania +2.5%) Loan-to-value 48.5%; average cost […]
Dear Shareholders, The results for the first half of 2017 show an increase in net profit of 84.6%, as well as a 17.8% rise in FFO. The results are the product of the financial and operating strategies we have developed and consistently implemented over time. The figures recorded at 30 June 2017, which bring us […]
