Quarterly summary of the activity carried out to support the liquidity of the shares of IGD – Immobiliare Grande Distribuzione
The information requested relating to the activity carried out by the broker Kepler Cheuvreux SA to enhance liquidity between 1 September 2018 and 30 November 2018 is provided below.
The Chief Executive Officer’s Point of View
Dear Shareholders, the new Business Plan for the three-year period 2019-2021 aims to consolidate our leadership in the Italian market and give further solidity to our financial structure. As 2018 draws to a close so does a decade of intense growth which peaked with the acquisition of a portfolio of five strategic assets, for around […]
“Experience and Social Shopping Centers: the key words shaping change in the IGD shopping center”
The new Business Plan 2019-2021 was built around a vison of the shopping center’s role and significance that is entirely different with respect to the past. In order to change the experience and social engagement of its portfolio, IGD will implement new marketing/sustainability policies and initiatives.
FFO up 21.5% in the first nine months of 2018
Guidance for FY 2018 FFO, calling for growth of at least 20%, confirmed The brilliant operating performance already recorded in the first half of 2018 continued and gained momentum, reflecting the contribution of the assets acquired from ECP which were, for the first time, included in the scope of consolidation for the entire quarter. Rental […]
The visibility of the FFO per share, strenghtened by the results for the last quarter and the new Strategic Plan, could be a catalyst for a rerating of the stock
The Company’s solid fundamentals, confirmed by the results for the first nine months of 2018, along with the NNNAV of €11.25 and the consensus target price of €8.89 per share at 6 November, are all elements which indicate that, at current levels, IGD’s stock should provide good upside. In 2018 IGD’s shareholders also benefitted from […]