Growth in retailers’ sales at Italian malls continues in the third quarter; September 2022 +4.5% vs Sept. 2019; 3Q 2022 +2.8% vs 3Q 2019 The sales figure for the first nine months is largely in line with 2019, with strong growth compared to the same period of 2021 (+19.1%) Rent collection 9M2022: ~ 93% in […]

PHYSICAL RETAIL ALIVE AND WELL WITH GOOD PERFORMANCES Retailers’ sales at Italian malls largely in line with 2019; average ticket up +17.3% in June Upside on new leases: +2.5% Italy; +3.5% Romania Financial occupancy: Italy 95.1% +30bps vs 1q2022; Romania 92.9%, an additional 3 thousand square meters already pre-let FINANCIAL INDICATORS ON THE RISE Net […]

Net rental income: €28.7 million (+9.6%) FFO: €7 million (+20.7%) Net rent collection 1Q2022: ~ 90% both in Italy and in Romania Loan to Value down further: 44.3% (-50bps vs FY2021)