Immobiliare Grnde Dist Sl (IMMQF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Presentation Q&A will follow. To be assisted by an operator during the conference call, press star and zero on your phone keypad. Let me now turn the conference over to Mr. Roberto Zoia, CEO and General Manager of IGD. Mr. Zoia, you have the floor. Thank you very much. Good afternoon to all of you. Let's hope we can soon go on holidays. and let me start with a presentation that was sent to you and it was also published on our website starting from page two and with the satisfaction that we disclosed the main KPIs as being very positive and net rental income freehold on a life-for-life basis are up 4.1% EBITDA is following more or less the same trend at 3.4% and then FSO strong growth versus H1 2025 landing at 21.1 million another very important piece of information as far as we are concerned is the group net profit standing at 20.6 million which is roughly double of what we had in the first half of 2025. But of course, all that is indeed supported by operating performance. Very interesting operating performance. You find it on page three of the presentation. Tenant sales are up 4.6% and we also introduced, because we have the National Council for Shopping Malls in Italy, released data on the 30th of July, so we're also adding their data. So the National Council released 2.2%, whilst we had, we were up 4.6%, so we are much higher than the national benchmark. Let me tell you that the CSCC Observatory is recording 330 data shopping malls versus the 13,000 that are that are invoiced for and it's focusing on shopping malls and we definitely outperformed the benchmark same applies to the footfall CNCC exposed 1.8 as a system average IGD was up 4.3 percent we are definitely higher than the domestic benchmark and then also hypermarkets. We still have eight hypermarkets after...