6 March 2019

Letter to the Shareholders

Dear Shareholders, 2018 was a very intense and fruitful year, which marks an important milestone in the growth path that IGD has been pursuing since the IPO in 2005 through today as shown by the value of the real estate portfolio which has quadrupled in the 13 years rising from €590 million to €2,412 million. […]

6 March 2019

Price recovered in the first few weeks of 2019: an encouraging signal of potential further revaluation

Based on the figures for 2018 it’s clear that IGD’s stock continues to be significantly undervalued despite the recovery seen in the first few weeks of 2019. At current levels, above the €6 threshold, IGD’s stock is still trading at a strong discount to the NNNAV per share of €11.45 shown in the financial statements […]

6 March 2019

FFO at record level, above guidance

With the 2018 results, IGD delivers on all the targets in the 2016-2018 plan Thanks to the increase of 9.2% in rental income, which also benefited from the expanded perimeter, and the policy to maintain control of direct costs and general expenses, IGD’s results for 2018 show a core business EBITDA that rose 12.4% to […]

7 August 2018

The Chief Executive Officer’s point of view

Dear Shareholders, the important results achieved in the first six months of 2018 are adequately reflected in the progression made by the key performance indicators found in the Half-Year Report. In this first part of the year our real estate portfolio has grown significantly thanks to the purchase of a strategic portfolio comprising four shopping […]

18 May 2018

The capital increase successfully completed, IGD finalizes the acquisition of a strategic portfolio in northern Italy for €195.5 million.

IGD’s real estate portfolio is now worth almost €2.5 billion IGD’s Chief Executive Officer, Claudio Albertini, walks us through the steps which in the last five months led to the gathering of €150 million on the stock market and to increasing the Company’s size thanks to the addition of a portfolio comprising four shopping malls […]

18 May 2018

The Chief Executive Officer’s point of view

Dear Shareholders, in these first few months of  2018 IGD posted a series of important results.  After publishing the FY 2017 results which showed strong growth, on 18 April we successfully completed the €150 million capital increase  and were able to then finalize the acquisition of a strategic portfolio comprising four shopping centers and a […]

22 February 2018

IGD’s stock price rises more than 33% in 2017

IGD’s stock price rose 33.1% in 2017, significantly outperforming both the Italian index and the European sector index which closed the year at period highs of +15.5% and +9.3%, respectively. The generalized sell-off that hit stock markets in February 2018, triggered by concerns about the more restrictive US monetary policies, caused a sudden correction and […]

22 February 2018

IGD’s new marketing plans

Daniele Cabuli, IGD’s Chief Operating Officer and Commercial Director, introduces us to a few structural aspects and methodologies included in the Marketing Plans developed by the Company for each individual shopping center which aim to optimize the investments called for in the budget through effective and consistent allocation across the entire network. Mr. Cabuli, what […]

22 February 2018

New record results for IGD in 2017

The results posted at 31 December 2017 show an increase of 6.7% in core business EBITDA with the EBITDA margin coming in at 69.7%, versus 69.3% in the prior year. Thanks to the combination of effective commercial policies and asset management, the freehold EBITDA margin reached 79.2%. FFO rose 21.7%, higher than the guidance of […]

22 February 2018

Letter to the shareholders

Dear Shareholders, The results presented in your Company’s 2017 Annual Report have never been achieved before. Not only have the record performances recorded in 2016 been surpassed, but it is clear that IGD is well on track to deliver on the Business Plan 2016-2018. A few targets for the end of the plan have basically […]