{"id":52736,"date":"2024-02-27T13:49:01","date_gmt":"2024-02-27T12:49:01","guid":{"rendered":"https:\/\/www.gruppoigd.it\/?p=52736"},"modified":"2024-03-04T12:21:35","modified_gmt":"2024-03-04T11:21:35","slug":"2023-results-presentation","status":"publish","type":"post","link":"https:\/\/www.gruppoigd.it\/en\/2023-results-presentation\/","title":{"rendered":"2023 results presentation"},"content":{"rendered":"<p>OPERATING RESULTS CONFIRM THE APPEAL OF IGD\u2019S SHOPPING CENTERS<\/p>\n<ul>\n<li>Sales for retailers in Italian malls up by 4.3% and footfalls 4.5% higher than in 2022 and well above 2019 (+6.2%)<\/li>\n<li>Occupancy high: Italy 95.3%; Romania 96.2%<\/li>\n<li>Net rent collection in FY2023: around 97% in Italy; around 98% in Romania<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p>ECONOMIC RESULTS EXCEED EXPECTATIONS<\/p>\n<ul>\n<li>Net rental income: \u20ac6 million (+4.9% vs 2022; +7.1% like-for-like<em>)<\/em><\/li>\n<li>Core business Ebitda: \u20ac108.2 million (+4,6% vs 2022); Ebitda margin 72.1% (+50 bps vs 2022)<\/li>\n<li>FFO: \u20ac55.4 million; higher than the guidance communicated to the market last 14 November<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p>BALANCE SHEET IMPACTED BY HIGHER INTEREST RATES<\/p>\n<ul>\n<li>Market Value of the freehold portfolio down 5.4% (\u20ac1,968.1 mn)<\/li>\n<li>Net Initial Yield topped up: Italy 6.4% (+50bps); Romania 6.9% (+40bps)<\/li>\n<li>LTV at 48.1%, an increase attributable entirely to decreases in fair value<\/li>\n<li>LTV pro forma (which includes the impact of the divestment transaction disclosed on 23 February) at around 44.4%<\/li>\n<li>EPRA NRV comes to \u20ac9.22 p.s. (-10.3%)<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p>THE STRONG COMMITMENT TO ESG ISSUES AND ACHIEVEMENT OF 2024 GOALS CONTINUES<\/p>\n<ul>\n<li>8% achievement rate of ESG targets<\/li>\n<li>CO2 emissions per square meter down 22% compared to 2018<\/li>\n<li>4 new photovoltaic systems installed, 1 in Italy and 3 in Romania<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/1764638460&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 FY 2023 results\" href=\"https:\/\/soundcloud.com\/igd-siiq-spa\/conference-call-to-present-the-fy-2023-results\" target=\"_blank\" rel=\"noopener\">Conference call to present the FY 2023 results<\/a><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPERATING RESULTS CONFIRM THE APPEAL OF IGD\u2019S SHOPPING CENTERS Sales for retailers in Italian malls up by 4.3% and footfalls 4.5% higher than in 2022 and well above 2019 (+6.2%) Occupancy high: Italy 95.3%; Romania 96.2% Net rent collection in FY2023: around 97% in Italy; around 98% in Romania \u00a0 ECONOMIC RESULTS EXCEED EXPECTATIONS Net [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":52737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[],"class_list":["post-52736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-presentazioni-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/52736","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=52736"}],"version-history":[{"count":3,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/52736\/revisions"}],"predecessor-version":[{"id":52772,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/52736\/revisions\/52772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media\/52737"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=52736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=52736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=52736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}