Results presentation as at 31 December 2019

• FFO: €3 million (+4.5%)
• Rental income: €3 million, +2.3% (LFL +0.5%)
• Net rental income: €136.6 million, +10.1% (+1.8% ex IFRS16[1])
• Sales of retailers in Italian malls +0.5%; financial occupancy Italy 96.9%; Romania 97.6%
• Average cost of debt 2.35%; ICR 3.8X[2]
• EPRA NNNAV per share €10.92
• Proposed dividend of 50 euro cents per share, in line with FY2018
• The tenth corporate sustainability report approved

 

[1] Adj ex IFRS16: for the sake of comparability, some 2019 figures were restated excluding the impact of applying IFRS 16, in effect as of 1 January 2019

[2] Excluding the effects of the last financial transaction; with the effects the figure reaches 3.4X (adj. Ex IFRS16 around 3.3X)

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