IGD SIIIQ S.p.A. (IF81) Stock Price & Analysis
IF81 Stock Chart & Stats
- Day’s Range
- EUR 3.65 - EUR 3.65
- 52-Week Range
- EUR 3.30 - EUR 4.47
- Previous Close
- EUR 3.60
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- EUR 413.78M
- Enterprise Value
- EUR 1.25B
- Total Cash (Recent Filing)
- EUR 22.27M
- Total Debt (Recent Filing)
- EUR 803.73M
- Price to Earnings (P/E)
- 10.1
- Beta
- 0.66
- Next Earnings
- Nov 12, 2026 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 4.00%
Bulls Say, Bears Say
Bulls Say
Profitability Recovery
The return to positive earnings and strong operating margins indicates improved profitability of the rental platform. If maintained, this recovery can strengthen retained capital and support investment in property quality and tenant mix.
Cash Flow Improvement
Positive operating and free cash flow gives IGD internal funding for maintenance, refurbishments, debt service and selective asset initiatives. This improves financial resilience and reduces reliance on external capital for ongoing property needs.
Improved Leverage
The reduction in leverage, alongside nearly €1.0bn of equity, provides a stronger capital foundation than in prior years. Greater balance-sheet capacity can help IGD absorb retail-property volatility and fund essential asset investment.
Bears Say
Earnings Volatility
Recent profitability remains unproven across a full cycle because large losses occurred in several preceding years. This history signals sensitivity to property values, financing conditions and operating performance, limiting confidence in sustained earnings.
Modest Revenue Growth
Limited top-line expansion constrains IGD’s ability to grow recurring rental income organically. Without stronger occupancy, rent re-letting or tenant-sales growth, margin recovery may not translate into durable earnings growth.
Debt Burden And Low Returns
Although leverage has improved, the absolute debt load remains material and equity returns are low. This combination leaves earnings exposed to financing costs and property performance while limiting the efficiency of shareholder capital.
IF81 FAQ
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Company Description
IGD SIIIQ S.p.A.
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 centres 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 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 1,704.8 million euros at 31 December 2025, includes 8 hypermarkets and supermarkets, 25 shopping malls and retail parks in Italy and a portfolio of shopping centres in 8 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. Immobiliare Grande Distribuzione SIIQ S.p.A. was incorporated in 1977 in Italy.
- Sector
- General
- Industry
- REIT - Retail
- CEO
- Roberto Zoia
- Employees
- 162
- Website
- www.gruppoigd.it
- Address
- Via Trattati Comunitari Europei1957-2007, Bologna, BO, 40127, IT
IGD SIIIQ S.p.A. (IF81) Earnings & Revenues
IF81 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 5 | 11 |
| Technical Analysis | 2 | 5 | 3 |
| Moving Averages | 4 | 0 | 8 |






