Dear Shareholders, in the first half of 2020 IGD was faced with one of the most difficult situations in its history, as the shopping center management business was one of the businesses hit the hardest by the health crisis that developed with the spread of Covid-19.
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, […]
The gradual easing of restrictions post-lockdown has brought shopping centers back to life. Footfalls, however, vary depending on the geographic area. Retailers’ revenues also vary based on the type of business. Is there going to be structural shift in consumer behavior? How is IGD responding to the new needs?
We asked Roberto Zoia, IGD’s Director of Asset Management, Development and Network Management.
In this issue we will talk about sustainable mobility, the certification program for our properties and the fact that IGD was recognized by EPRA for adhering to best practices relating to the key aspects identified by the Task Force on Climate-related Financial Disclosures. We will, lastly, tell you how the meetings went with investors at the Digital Italian Sustainability Week held at the end of June.
In the era of social distancing, IGD is getting even closer to customers. Through communication campaigns, promotions and sweepstakes IGD wants to encourage visitors to return to the shopping center.
The price of IGD’s stock continues to reflect the negative view that investors have of the retail real estate segment. While less penalized than the EPRA/NAREIT Developed Europe Retail Index, IGD’s stock price continues to trade at very compressed levels, as shown by the large discount with respect to the consensus price of the analysts covering the stock.