Mixed results in Q1 2023, bang in line with our estimates
IGD has announced its Q1 results: net rental income was up by around 1.3% YoY, EBITDA +2.5%, FFO -5.6% mainly due to the higher incidence of financial charges (ca. EUR 9.2m in Q1 2023 vs. ca. EUR 7.6m in Q1 2022). The net financial position reached ca. EUR 966m, it was EUR 977m as at the end of 2022. The LTV was 45.3% (45.7% as at the end of 2022). Occupancy was slightly down vs Q4 2022 at ca. 95.3% in Italy and 97.0% in Romania. The coll ....

04 May 2023
Close to refinancing short-term maturities

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Close to refinancing short-term maturities
- Published:
04 May 2023 -
Author:
Michi Dario DM | Jones Rob RJ -
Pages:
7 -
Mixed results in Q1 2023, bang in line with our estimates
IGD has announced its Q1 results: net rental income was up by around 1.3% YoY, EBITDA +2.5%, FFO -5.6% mainly due to the higher incidence of financial charges (ca. EUR 9.2m in Q1 2023 vs. ca. EUR 7.6m in Q1 2022). The net financial position reached ca. EUR 966m, it was EUR 977m as at the end of 2022. The LTV was 45.3% (45.7% as at the end of 2022). Occupancy was slightly down vs Q4 2022 at ca. 95.3% in Italy and 97.0% in Romania. The coll ....