Results presentation at 30 September 2021

• Good performances in June- September, the first four-month period without restrictions and fully comparable with 2019: tenant sales -0.2% and roughly 85% of the footfalls recovered; average ticket up +21.7% in September vs. Sept.2019
• Rent collection 9M2021: in Italy c. 86%[1]; in Romania c. 96%
• Financial occupancy higher vs FY2020: Italy 95.40%, +114bps; Romania 94.93%, +133bps
• Financial structure strengthened: Loan-to-Value pro forma at 30 September, including the impact of disposals, comes to 45.6%, 270 p.p. lower than the Loan-to-Value at 30/09 of 48.3%
• FY guidance for FFO confirmed at +7/8%

 

[1] % of turnover net of rebates and credit losses

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