Immobiliare Grande Distribuzione SIIQ S.p.A. is a key player in Italy’s retail real estate sector. IGD owns a rich portfolio of shopping centers located throughout Italy which are managed by in-house asset, property, facility and leasing management divisions. IGD also acts as a service provider, managing portfolios of institutional third parties. An extensive domestic presence, a solid financial structure, the ability to plan, monitor and manage all phases of a center’s life cycle, both freehold and leasehold, as well as ongoing investments in retail and technology innovation, ensure IGD’s position as a point of reference in the retail real estate sector.
The Company, listed on Borsa Italiana’s Euronext STAR segment, was the first SIIQ (Società di Investimento Immobiliare Quotata or real estate investment trust) in Italy. IGD’s freehold portfolio, valued at more than €1.69 billion at 31 December 2024, includes 8 hypermarkets and supermarkets, 25 shopping malls and retail parks in Italy and a portfolio of shopping centers in 13 Romanian cities which are managed directly based on the same model used in Italy.
The Company also holds 40% of two real estate funds which are comprised of 13 hypermarkets, 4 supermarkets and 2 shopping malls for which IGD manages project, property & facility management activities.
Currency | EUR |
Last Closing Price | 2.85 |
Change (%) | -0.70 |
Volume | 245,686 |
Number of Shares (mln) | 110.34 |
Market Cap (mln) | 314.47 |
Key figures (EUR thousand) | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
Rental revenues | 145,578 | 145,095 | 137,257 | 142,370 | 134,755 |
EBIT | (52,275) | 88,701 | 7,729 | (33,056) | 66,489 |
Net profit for the period | (74,321) | 52,769 | (22,315) | (81,732) | (30,084) |
Loan to value, % | 49.90 | 44.80 | 45.70 | 48.10 | 44.40 |
Core business EBITDA | 99,441 | 107,272 | 103,431 | 108,153 | - |
Core business EBITDA Margin, % | 65.4 | 70.8 | 71.6 | 72.1 | 71.3 |
Core business FFO | 59,284 | 64,724 | 67,180 | 55,442 | - |
Average cost of debt, % |
2.30 | 2.20 | 2.26 | 3.86 | 6.04 |
Epra NRV | 10.38 | 10.85 | 10.28 | 9.22 | 8.94 |
Epra NTA | 10.31 | 10.78 | 10.20 | 9.15 | 8.87 |
Epra NDV | 10.42 | 10.43 | 10.06 | 9.00 | 8.75 |
Dividend, EUR | 0.00 | 0.35 | 0.30 | 0.00 | 0.10 |
Dividend Yield, % | - | 8.60 | 10.90 | - | - |