5 November 2020 13:04

9M 2020 results presentation

  • More than 90% of the tenant negotiations finalized in Italy; all negotiations in Romania completed.
  • Total rent collection[1] in the nine months, net of deferrals granted, at around 88%
  • Recovery of footfalls at about 87% and September retailers’ sales reached 97% of 2019 level
  • Net rental income: €89.7 million (-12.2%), including the estimated one-off impact of Covid-19, without any further impact in subsequent years
  • FFO: €53.4 million (-15.0%), which also includes the estimated one-off impact of Covid-19, without any further impact in subsequent years
  • Cash on hand at the end of the reporting period of €87 million; financial needs covered for all of 2021

 

[1] As at today’s date