Analyst Arianna Terazzi of Intesa Sanpaolo maintained a Buy rating on IGD SIIIQ S.p.A. (0STP – Research Report), with a price target of €3.40.
Arianna Terazzi has given her Buy rating due to a combination of factors including IGD SIIIQ S.p.A.’s solid financial performance in FY24 and strategic refinancing efforts. The company demonstrated strong business indicators such as increased financial occupancy in Italy and positive tenant sales, which contributed to a favorable outlook.
Additionally, the refinancing secured in February allowed IGD to propose a higher dividend for FY24, doubling previous expectations and aligning with their business plan. The stock’s significant discount to its estimated 2025 NAV, along with anticipated improvements in debt costs and potential disposals, further supports the Buy rating. These elements, combined with a projected increase in dividends over the coming years, enhance the attractiveness of the stock.