27 February 2020 13:13

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

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[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)