Immobiliare Grande Distribuzione SIIQ SpA
MIL:IGD

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Immobiliare Grande Distribuzione SIIQ SpA Logo
Immobiliare Grande Distribuzione SIIQ SpA
MIL:IGD
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Price: 3.55 EUR 0.28% Market Closed
Market Cap: 391.7m EUR

Immobiliare Grande Distribuzione SIIQ SpA
Investor Relations

IGD SIIQ SpA engages in the acquisition, management and lease of retail real estate properties. The company is headquartered in Bologna, Bologna and currently employs 166 full-time employees. The company went IPO on 2005-02-11. The firm is primarily active in the property purchase, development, management and leasing. Additionally, it provides various services related to real estate sector, including promotion of newly opened, expanded or restructured centers; rotation of existing retailers, and facility management services, such as security, cleaning and ordinary maintenance. As of December 31, 2011, the Company’s portfolio consisted of properties in Italy, including 19 hypermarkets and supermarkets, 19 shopping malls and retail parks, one city center property, four plots of land for direct development, one asset held for trading and 7 others, and properties in Romania, including 15 shopping centers and one office building. The company operates through Punta di Ferro Srl.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 6, 2025
AI Summary
Q1 2025

Core Business Growth: IGD reported a solid Q1 2025, with like-for-like net rental income up 2.4% and core business EBITDA up 2.1%, despite an unfavorable calendar effect this year.

FFO Guidance Confirmed: Funds From Operations (FFO) reached EUR 10.2 million for Q1 2025, nearly matching last year’s Q1, and the company reaffirmed its full-year guidance of EUR 38 million, with the potential for improvement.

Lower Leverage & Debt Costs: Loan-to-value ratio decreased to 44.2% (down 20 bps QoQ), and the average cost of debt fell to 5.6% from 6.04% at year-end, reflecting successful debt management.

Dividend Resumed: IGD will pay a dividend of EUR 0.10 per share on May 14, marking the return to dividend payments.

Occupancy Improvement: Occupancy in Italy is approaching 96%, up from below 95% a year ago, moving steadily toward the 98% target for 2027.

Disposal Progress: The company is on track with its EUR 100 million three-year disposal plan, having completed EUR 8.3 million in sales and targeting EUR 20 million for FY 2025.

Valuations Stable: No special write-offs or impairments expected this year, and management expects property valuations to be in line with last year or potentially better.

Key Financials
Net Rental Income (like-for-like)
Up 2.4%
Core Business EBITDA (like-for-like)
Up 2.1%
FFO
EUR 10.2 million
Loan-to-Value Ratio
44.2%
Average Cost of Debt
5.6%
Net Financial Position
EUR 797 million
Occupancy (Italy)
Nearly 96%
Dividend Per Share
EUR 0.10
Average Debt Maturity
5.1 years
Earnings Call Recording
Other Earnings Calls
2025
2024
2023
2021
2019

Management

Mr. Andrea Bonvicini
Director of Finance Division
No Bio Available
Mr. Carlo Barban
Director of Admin, Legal & Corp. Affairs, Contracts, HR & IT and Financial Reporting Officer
No Bio Available
Mr. Raffaele Nardi
Director of Planning, Control & Investor Relations
No Bio Available
Mr. Roberto Zoia
Executive Director
No Bio Available
Laura Poggi
Head of Commercial Department
No Bio Available
Ms. Claudia Contarini
Investor Relations Manager
No Bio Available

Contacts

Address
BOLOGNA
Bologna
Via Trattati Comunitari Europei 1957-2007, n. 13
Contacts
+39051509111.0
www.gruppoigd.it