Quarterly summary of the activity carried out to support the liquidity of the shares of IGD
Reference is made to the program aimed at enhancing the liquidity of the shares of IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. listed on the Mercato Telematico Azionario – STAR segment, disclosed to the market on 4 August 2017, that was renewed until 04/09/2020, in accordance with market practice n. 1 issued by CONSOB in […]
Compelling returns for shareholders in 2019
IGD’s stock price rose 15.2% in 2019 and provided a Total Shareholder Return of 25.5%. Even at recent levels, however, the stock is still trading at an ample discount compared to its NNNAV per share of €10.92 and the consensus target price of €7.83 which indicates that the stock is still significantly undervalued.
Social Borgo: when the shopping center becomes the place for socializing
The second half of the year was witness to the launch of “Social Borgo. Verso un Centro Commerciale partecipato”, a project that well represents how IGD intends to give its shopping centers a new role, broader in scope than just a place for shopping, which also reflects the specific needs of each community.
Letter to the Shareholders of the Chairman and the CEO
2019 was the first year of the three- year Business Plan 2019-2021. Aware of the challenging path we have undertaken in a weak global environment and an increasingly complex scenario for retail, in this first year we completed a significant number of investment projects and finalized a series of debt optimization transactions which have put us in a position to benefit as quickly as possible from the growth in FFO that these initiatives should trigger.