Q3 2021 results were down YoY, bang in line with our estimates IGD has announced its Q3 results: net rental income was down by around 6% YoY, EBITDA -8% FFO -13%. The net financial position reached EUR 1,116m, slightly better vs H1 2021. The LTV was 48.3% (vs 49.1% at the end of H1 2021), or ca. 45.6% if we include the recently announced disposal. Occupancy was almost stable vs H1 2021 at ca. 95.4% in Italy and 94.9% in Romania. The collection rate reached 86% in Italy and 96% in Romania in Q3 ....