In a business that is returning to pre-pandemic levels, IGD expects its FFO to improve significantly in the fourth quarter
Even though the results at 30 September 2021 were, overall, affected by the anti-Covid restrictions, in the last few months – particularly beginning in June – there has been an improvement in the operating conditions with clear signs of a return to normalcy. In the four month period June-September, retailers’ sales have already reached levels […]
The negative impact of the anti-Covid measures on the income statement diminishes, while the net financial position improves
The results in IGD’s income statement continue to be impacted heavily by the restrictions on operations imposed in order to contain the spread of the virus. The net one-off impact recognized as a result of the closures is, however, €1.5 million lower than the €9.3 million posted in the first half of 2020.
The restrictive measures in place for Covid-19 continue to weigh on the income statement, while the Net Financial Position improves
The first quarter 2021 accounts reflect the penalizing operating conditions stemming from the mandatory closures imposed to contain the pandemic. Despite the €6.9 million drop in FFO, the pre-letting and marketing of the spaces, as well as the positive outcome of the negotiations with tenants, made it possible to maintain a good level of occupancy […]
A difficult 2020, but IGD is ready to grow again in 2021
The 2020 results were significantly impacted by Covid-19; in 2021, assuming an effective implementation of the vaccination plan and a stabilized economic recovery beginning in the second half of 2021, IGD expects to see an increase in the FFO of around 3-4%.
Resilient results in the face of the “stress test” created by the pandemic
Convincing stability of the results in terms of operations and financial management in a highly penalizing context attributable to the restrictions imposed by the need to contain the virus . Almost all the tenants have reopened after the lockdown: financial occupancy largely unchanged at the end of June 2020. IGD is still a transparent company, […]
