In a report released yesterday, Arianna Terazzi from Intesa Sanpaolo maintained a Buy rating on IGD SIIIQ S.p.A., with a price target of €5.50.
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Arianna Terazzi has given his Buy rating due to a combination of factors related to IGD SIIIQ S.p.A.’s improving operations and balance sheet. The company is showing solid like-for-like rental growth, higher occupancy and resilient tenant performance, while portfolio valuations have started to rise again, lifting net tangible assets per share and confirming the underlying strength of its retail assets.
At the same time, substantial refinancing has lengthened debt maturities, lowered the average cost of borrowing and reduced leverage toward the long‑term target, enhancing cash flow visibility and supporting a growing dividend. With management guiding for further FFO growth, planned disposals to optimize the capital structure and the shares trading at a steep discount to projected NAV versus peers, she sees meaningful re‑rating potential that underpins the Buy recommendation.
According to TipRanks, Terazzi is ranked #2887 out of 12083 analysts.
In another report released yesterday, TipRanks – PerPlexity also upgraded the stock to a Buy with a €4.50 price target.