Q4 2022 results: FFO was a tad above the +2/3% guidance
IGD has announced Q4 results: net rental income was -3.7% YoY, EBITDA -3.6% FFO +3.8%. Occupancy was up vs Q3 2022 at ca. 95.7% in Italy and 98% in Romania. The market value of IGD''s portfolio was ca. EUR 2,081m, or -2.8% YoY. EPRA NAV and NRV reached EUR 10.28 p.s. or -5.3% YoY. The collection rate was 96% in Italy and 97% in Romania as at the end of 2022, up vs. September 2022. Footfall and tenant sales were up vs. 2021 (ca. +7% and 13% ....

23 Feb 2023
DPS above our estimate, 2023 FFO guidance in line

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DPS above our estimate, 2023 FFO guidance in line
Immobiliare Grande Distribuzion SIIQ (IGD:BIT), 0 | Immobiliare Grande Distribuzione SIIQ S.p.A. (IGD:MIL), 0
- Published:
23 Feb 2023 -
Author:
Michi Dario DM | Jones Rob RJ -
Pages:
8 -
Q4 2022 results: FFO was a tad above the +2/3% guidance
IGD has announced Q4 results: net rental income was -3.7% YoY, EBITDA -3.6% FFO +3.8%. Occupancy was up vs Q3 2022 at ca. 95.7% in Italy and 98% in Romania. The market value of IGD''s portfolio was ca. EUR 2,081m, or -2.8% YoY. EPRA NAV and NRV reached EUR 10.28 p.s. or -5.3% YoY. The collection rate was 96% in Italy and 97% in Romania as at the end of 2022, up vs. September 2022. Footfall and tenant sales were up vs. 2021 (ca. +7% and 13% ....