Results presentation as at 31 December 2018
RESULTS AT 31 DECEMBER 2018: Recurring net income (FFO): €7 million (+21.4%); Rental income: €8 million, +9.2% (LFL Italy +1.3%, Romania +2.9%) Net rental income: €124 million, +10.9% Sales of retailers in Italian malls + 2.2%; financial occupancy Italy 97.2%; Romania 97.1% Further improvement in financial indicators: Loan to Value 45.8%; average cost of debt […]
2019-2021 Strategic Plan Presentation
The Plan is based on 3 pillars:
- Innovation and operating excellence, particularly in commercial activities, marketing and sustainability
- Asset Management focused on increasing the quality of the portfolio and strengthening the leadership positioning of assets. Strategic agreement signed with Coop Alleanza 3.0 which calls for a complete revision of the leases for 18 hypermarkets and the remodeling of 5 of them with a view to expanding the adjacent malls
- Strengthening of the financial structure through rigorous financial discipline and asset rotation (Loan-to-Value expected to drop further to less than 45% over the plan period )
Results presentation as at 30 September 2018
RESULTS AT 30 SEPTEMBER 2018:
- Strong growth trend in FFO confirmed: €5 million (+ 21.5%)
- Net rental income: €3 million, + 10.7% (malls LFL Italy + 1.6%, Romania + 3.8%)
- Sales of retailers in Italian malls + 2.1%; upside on lease renewals (Italy + 1.7%; Romania + 2.5%)
- Loan-to-Value 45.84%; Interest cover ratio 3.47x
Results presentation as at 30 June 2018
IGD’s main results are: Recurring net income (FFO): €38.9 million (+22%); outlook for FY 2018 revised upward to the high end of the guidance range (at least +20%) Rental income: €74.1 million, +8.4 % (LFL Italy +1.4%, Romania +4.7%) Net rental income: €60.7 million, +9.9% Sales of retailers in Italian malls + 3.8%; upside on […]
Results presentation as at 31 March 2018
IGD’s main results are: Further significant growth in recurring net income (FFO): €18.3 million (+17.5%) Rental income: €35.6 million, +5.2 % (LFL Italy +1.9%, Romania +4.1%) Net rental income: €29 million, +6% Group net profit: €16.7 million (+16.7%) Sales of retailers in Italian malls +2.9%; significant upside on renewed leases (Italy +3%; Romania +1.5%) Loan-to-value […]
Results presentation as at 31 December 2017
I principali risultati di IGD: Utile Netto del Gruppo: 86,5 milioni di euro (+26,5%); Ricavi gestione caratteristica: 145,1 milioni di euro (+6,0%); Ebitda gestione caratteristica: 101,2 milioni di euro (+6,7%); Valore di mercato del portafoglio: 2.228 milioni di euro (+2,3%); Epra NNNAV: 13,67 euro (+6,3%)
Results presentation as at 30 September 2017
IGD’s main results are: Group net profit: €34.7 million (+74.1%) Recurring net income (FFO): €49.0 million (+22.8%) Core business revenue: €108.1 million, +6.6% (LFL Italy +1.5%, Romania +7.0%) Sales of retailers in Italian malls +1.8%; significant upside on renewed leases (Italy +5.7%; Romania +2.3%) Loan-to-value 48.0%; average cost of debt down further at 2.85%
