{"id":33541,"date":"2021-02-25T13:37:58","date_gmt":"2021-02-25T12:37:58","guid":{"rendered":"https:\/\/www.gruppoigd.it\/?p=33541"},"modified":"2021-03-15T16:50:45","modified_gmt":"2021-03-15T15:50:45","slug":"fy2020-results-presentation","status":"publish","type":"post","link":"https:\/\/www.gruppoigd.it\/en\/fy2020-results-presentation\/","title":{"rendered":"FY2020 Results presentation"},"content":{"rendered":"<ul>\n<li>The appeal of IGD\u2019s format confirmed: in the periods when the restrictions were eased the average ticket rose + 17%, retailers\u2019 sales +0.3% better than in 2019<a href=\"#_ftn1\" name=\"_ftnref1\">[1]<\/a><\/li>\n<li>Rent collection at around 91% of net turnover in Italy and around 94% in Romania<\/li>\n<li>Financial occupancy maintained at high levels: Italy 94.3%; Romania 93.6%<\/li>\n<li>Net rental income: \u20ac109.5 million (-19.8%); FFO: \u20ac59.3 million (-28.8%). Both reflect the net direct impact of Covid-19 for \u20ac18.5 million in rent abatements of around 1.7 months\u2019 rent, expensed entirely in the year<\/li>\n<li>Cash on hand at the end of the reporting period of around \u20ac117 million, in addition to \u20ac60 million in committed credit lines and about \u20ac151 in uncommitted lines<\/li>\n<li>EPRA NAV and NRV at \u20ac10.38 p.s. (-8.9%)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>With a view to reinforcing the financial structure and the investment grade profile, and as no mandatory dividend payment is required given the loss recorded in the year, the BoD has proposed that shareholders not approve distribution of a dividend for 2020;<\/li>\n<li>Mandate granted to CBRE, a premiere international advisor, for the disposal of a portfolio of stand-alone hypermarkets\/supermarkets for approximately \u20ac185 million<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"#_ftnref1\" name=\"_ftn1\">[1]<\/a> Figures refer to the period August \u2013 October 2020<\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/993491668&amp;color=%23ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_teaser=true\" width=\"100%\" height=\"166\" frameborder=\"no\" scrolling=\"no\"><\/iframe><\/p>\n<div style=\"font-size: 10px; color: #cccccc; line-break: anywhere; word-break: normal; overflow: hidden; white-space: nowrap; text-overflow: ellipsis; font-family: Interstate,Lucida Grande,Lucida Sans Unicode,Lucida Sans,Garuda,Verdana,Tahoma,sans-serif; font-weight: 100;\"><a style=\"color: #cccccc; text-decoration: none;\" title=\"IGD SIIQ SPA\" href=\"https:\/\/soundcloud.com\/igd-siiq-spa\" target=\"_blank\" rel=\"noopener\">IGD SIIQ SPA<\/a> \u00b7 <a style=\"color: #cccccc; text-decoration: none;\" title=\"Conference call to present the results as at 31 December 2020\" href=\"https:\/\/soundcloud.com\/igd-siiq-spa\/conference-call-to-present-the-results-as-at-31-december-2020\" target=\"_blank\" rel=\"noopener\">Conference call to present the results as at 31 December 2020<\/a><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/9NMvrKkLfBs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The appeal of IGD\u2019s format confirmed: in the periods when the restrictions were eased the average ticket rose + 17%, retailers\u2019 sales +0.3% better than in 2019[1] Rent collection at around 91% of net turnover in Italy and around 94% in Romania Financial occupancy maintained at high levels: Italy 94.3%; Romania 93.6% Net rental income: [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":33542,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[88],"class_list":["post-33541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-presentazioni-en","tag-risultati-economico-finanziari-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/33541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/comments?post=33541"}],"version-history":[{"count":5,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/33541\/revisions"}],"predecessor-version":[{"id":34004,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/33541\/revisions\/34004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media\/33542"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=33541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=33541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=33541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}