Q4 24 was a good print...
IGD reported its Q4 numbers which were above BBG consensus at EBITDA and FFO (c5% above). NRI was up c5% at constant perimeter. Looking at the operational trend, occupancy improved QoQ both in Italy and Romania. FFO closed at EUR c9m in Q4 24 with FY results c5% above guidance, driven by lower-than-expected financial charges. Q4 net debt closed at EUR c806m, down QoQ. LTV was c44%. BoD proposed a EUR 0.1 DPS (c4% yield).
...with 2025e FFO guidance above consensus
Gu ....
