3 November 2022 12:21

9M 2022 results presentation

  • Growth in retailers’ sales at Italian malls continues in the third quarter; September 2022 +4.5% vs Sept. 2019; 3Q 2022 +2.8% vs 3Q 2019
  • The sales figure for the first nine months is largely in line with 2019, with strong growth compared to the same period of 2021 (+19.1%)
  • Rent collection 9M2022: ~ 93% in Italy; ~95% in Romania
  • Funds From Operations (FFO): 50.4 euro million, +4.1% vs 30/09/2021 (+19.9% vs 30/09/2021 restated)
  • Financial occupancy higher than in 1H 2022: Italy 95.3%, +20bps; Romania 95.1%, +220bps
  • Financial structure strengthened: Loan-to-Value comes to 44.8% at 30 September, down 70 bps against 30/06 (45.5%)