Declining results in Q3 2022 YoY, bang in line with our estimates
IGD has announced its Q3 results: net rental income was down by around 15.6% YoY (-7.3% at a like-for-like perimeter of consolidation, i.e., restating Q3 2021 results for the EUR 140m asset portfolio sold in November last year), EBITDA -16.6% (-7.6% like-for-like), FFO -7.9% (+3.1% like-for-like). The net financial position reached ca. EUR -989m (it was ca. EUR -1bn as at the end of H1 2022). The LTV was 44.8% (45.5% as at the end ....
04 Nov 2022
Potential disposals and an outstanding yield
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Potential disposals and an outstanding yield
- Published:
04 Nov 2022 -
Author:
Michi Dario DM | Jones Rob RJ -
Pages:
7
Declining results in Q3 2022 YoY, bang in line with our estimates
IGD has announced its Q3 results: net rental income was down by around 15.6% YoY (-7.3% at a like-for-like perimeter of consolidation, i.e., restating Q3 2021 results for the EUR 140m asset portfolio sold in November last year), EBITDA -16.6% (-7.6% like-for-like), FFO -7.9% (+3.1% like-for-like). The net financial position reached ca. EUR -989m (it was ca. EUR -1bn as at the end of H1 2022). The LTV was 44.8% (45.5% as at the end ....