Q3 came in line with estimates
IGD posted a set of results in line with estimates. Net rental income was cEUR29m in Q3 and increased by c11% YoY (almost stable QoQ). Occupancy improved QoQ both in Italy (95.3%) and Romania (97.1%) by 10bps and 30bps, respectively. Q3 recurring EBITDA grew by 13% mirroring the operational improvement at the rental level and the sequential improvement from services. FFO at EUR13.5m came down by 18% in Q3 as the increase in cost of debt (now at 3.48% vs 3.22% in H1 ....
