Mixed results in Q2 2023, bang in line with our estimates
IGD has announced its Q2 results: net rental income was up by around 5.6% YoY, EBITDA +5.1%, FFO -12.7%, mainly due to the higher incidence of financial charges (ca. EUR 9.3m in Q2 2023 vs. ca. EUR 6.1m in Q2 2022). The net financial position reached ca. EUR 982m; it was EUR 966m as at the end of Q1 2023. The market value of the portfolio was reduced to ca. EUR 2,052m from EUR 2,132m as at the end of 2022 (-3.7%). This is consistent with ....

02 Aug 2023
FFO fine-tuned up, but refinancing and disposals are key

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FFO fine-tuned up, but refinancing and disposals are key
Immobiliare Grande Distribuzion SIIQ (IGD:BIT), 0 | Immobiliare Grande Distribuzione SIIQ S.p.A. (IGD:MIL), 0
- Published:
02 Aug 2023 -
Author:
Michi Dario DM | Jones Rob RJ -
Pages:
6 -
Mixed results in Q2 2023, bang in line with our estimates
IGD has announced its Q2 results: net rental income was up by around 5.6% YoY, EBITDA +5.1%, FFO -12.7%, mainly due to the higher incidence of financial charges (ca. EUR 9.3m in Q2 2023 vs. ca. EUR 6.1m in Q2 2022). The net financial position reached ca. EUR 982m; it was EUR 966m as at the end of Q1 2023. The market value of the portfolio was reduced to ca. EUR 2,052m from EUR 2,132m as at the end of 2022 (-3.7%). This is consistent with ....