Results presentation as at 30 June 2017

IGD’s main results are:

• Group net profit: €48.9 million (+84.6%)
• Recurring net income (FFO): €31.9 million, (+17.8%); outlook FY2017 revised upward: +20% vs FY2016
• Core business revenue: €71.6 million, +6.0% (LFL Italy +1.5%, Romania +7.0%)
• Sales of retailers in Italian malls +1.3%; significant upside on renewed leases (Italy +4.7%; Romania +2.5%)
• Loan-to-value 48.5%; average cost of debt 2.9%
• Market value of the portfolio: €2,210.4 million; LFL +0.7%
• EPRA NAV per share: €1.38 (+1.0%); EPRA NNNAV per share: €1.31 (+1.6%)

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