Results presentation as at 30 June 2018

IGD’s main results are:

• Recurring net income (FFO): €38.9 million (+22%); outlook for FY 2018 revised upward to the high end of the guidance range (at least +20%)
• Rental income: €74.1 million, +8.4 % (LFL Italy +1.4%, Romania +4.7%)
• Net rental income: €60.7 million, +9.9%
• Sales of retailers in Italian malls + 3.8%; upside on renewed leases (Italy +1.4%; Romania +1.1%)
• Further improvement in the financial ratios: Loan-to-Value 46.4%; average cost of debt 2.7%
• Market value of the portfolio: €2,428.8 million (+9%);
• EPRA NNNAV per share: €11.25

Share