Stable FFO despite disposals in Q1... IGD reported a solid set of results in Q1. NRI increased by c2% y/y LfL and recurring EBITDA showed a similar organic performance at +2%. Looking at the operational trends, occupancy was almost stable in Romania (-10bps) while it improved sequentially (70bps) in Italy. FFO at c.EUR10m was flat y/y despite headwinds from disposals, supported by lower cost of debt. LTV closed at 44.2% and was marginally down QoQ. ...and FFO well on track to reach FY guidance ....