Publication notice of the Half-Year Financial Statements as at 30 June 2020
Please be advised that, in accordance with the law, the Half-Year Financial Statements at 30 June 2020, as approved by the Board of Directors on 6th August 2020, together with the External Auditors Report limited to the condensed consolidated half-year financial statements as at 30 June 2020 issued by PricewaterhouseCoopers Spa, from today’s date it […]
Breaking news of the first half 2020
In this issue we will talk about sustainable mobility, the certification program for our properties and the fact that IGD was recognized by EPRA for adhering to best practices relating to the key aspects identified by the Task Force on Climate-related Financial Disclosures. We will, lastly, tell you how the meetings went with investors at the Digital Italian Sustainability Week held at the end of June.
Shareholders receive a dividend of 22.8 euro cents while waiting for the strong discount to intrinsic value to narrow
The price of IGD’s stock continues to reflect the negative view that investors have of the retail real estate segment. While less penalized than the EPRA/NAREIT Developed Europe Retail Index, IGD’s stock price continues to trade at very compressed levels, as shown by the large discount with respect to the consensus price of the analysts covering the stock.
New consumer trends post-lockdown
The gradual easing of restrictions post-lockdown has brought shopping centers back to life. Footfalls, however, vary depending on the geographic area. Retailers’ revenues also vary based on the type of business. Is there going to be structural shift in consumer behavior? How is IGD responding to the new needs?
We asked Roberto Zoia, IGD’s Director of Asset Management, Development and Network Management.
The Chief Executive Officer’s point of view on the first six months of 2020
Dear Shareholders, in the first half of 2020 IGD was faced with one of the most difficult situations in its history, as the shopping center management business was one of the businesses hit the hardest by the health crisis that developed with the spread of Covid-19.
1H 2020 results presentation
80% (last week 85%) of footfalls recovered; retailers’ sales -13.6% in June vs 2019 70% of the tenant negotiations finalized in Italy; 98% in Romania. Payment deferrals and discounts foreseen, the effect of which will be recognized entirely in the current year (without any carry over to subsequent years) More than satisfactory results for the […]
