Even though the results at 30 September 2021 were, overall, affected by the anti-Covid restrictions, in the last few months – particularly beginning in June – there has been an improvement in the operating conditions with clear signs of a return to normalcy. In the four month period June-September, retailers’ sales have already reached levels […]
The results in IGD’s income statement continue to be impacted heavily by the restrictions on operations imposed in order to contain the spread of the virus. The net one-off impact recognized as a result of the closures is, however, €1.5 million lower than the €9.3 million posted in the first half of 2020.
The first quarter 2021 accounts reflect the penalizing operating conditions stemming from the mandatory closures imposed to contain the pandemic. Despite the €6.9 million drop in FFO, the pre-letting and marketing of the spaces, as well as the positive outcome of the negotiations with tenants, made it possible to maintain a good level of occupancy […]
The 2020 results were significantly impacted by Covid-19; in 2021, assuming an effective implementation of the vaccination plan and a stabilized economic recovery beginning in the second half of 2021, IGD expects to see an increase in the FFO of around 3-4%.
Convincing stability of the results in terms of operations and financial management in a highly penalizing context attributable to the restrictions imposed by the need to contain the virus . Almost all the tenants have reopened after the lockdown: financial occupancy largely unchanged at the end of June 2020. IGD is still a transparent company, […]
