PHYSICAL RETAIL ALIVE AND WELL WITH GOOD PERFORMANCES Retailers’ sales at Italian malls largely in line with 2019; average ticket up +17.3% in June Upside on new leases: +2.5% Italy; +3.5% Romania Financial occupancy: Italy 95.1% +30bps vs 1q2022; Romania 92.9%, an additional 3 thousand square meters already pre-let FINANCIAL INDICATORS ON THE RISE Net […]

Net rental income: €28.7 million (+9.6%) FFO: €7 million (+20.7%) Net rent collection 1Q2022: ~ 90% both in Italy and in Romania Loan to Value down further: 44.3% (-50bps vs FY2021)

GOOD OPERATING PERFORMANCES In the 7 months without restrictions (June – December), tenants’ sales largely in line with 2019, average ticket +24.4% and ca. 84% of footfalls recovered Net rent collection 2021: in Italy around 94%; in Romania around 96% Financial occupancy higher vs FY2020: Italy 95.2%, +124bps[1]; Romania 94.6%, +105bps   FINANCIAL INDICATORS SHOW […]