Immobiliare Grande Distribuzione SIIQ S.p.A. (IGD.MI)
Bologna, BO, IT
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.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.00% | -3.18% | -4.09% | +9.47% | +12.16% | +19.68% | +40.58% | +58.49% | -0.97% | -43.96% | -65.35% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 2 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth+2.7% Q1'26: +7.9% (vs Q1'25)
-
EPS growth+207.4% Q1'26: +266.4% (vs Q1'25)
-
FCF margin— Q1'26: +10.4% (vs Q1'25)
-
EBIT margin— Q1'26: +52.4% (vs Q1'25)
-
ROIC— Q1'26: +4.0% (vs Q1'25)
-
Share dilution+0.1% Q1'26: 0.0% (vs Q1'25)
-
Debt / EBITDA8.68× Q1'26: 10.82× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 2 Rev. Ana. 3 EPS Ana. |
Dec 2027 2 Rev. Ana. 3 EPS Ana. |
Dec 2028 2 Rev. Ana. 3 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
123.43M
est: 125.73M (-1.8%)
|
133.30M
est: 136.40M (-2.3%)
|
144.03M
est: 149.05M (-3.4%)
|
156.21M
est: 162.94M (-4.1%)
|
155.67M
est: 162.67M (-4.3%)
|
146.29M
est: 151.10M (-3.2%)
|
145.54M
est: 145.17M (+0.3%)
|
144.79M
est: 139.13M (+4.1%)
|
148.62M
est: 150.16M (-1.0%)
|
137.03M
est: 140.80M (-2.7%)
|
140.79M
est: 140.58M (+0.2%)
|
133.00M
131.59M – 134.41M
-5.4% YoY
|
131.28M
129.90M – 132.65M
-1.3% YoY
|
131.77M
127.83M – 135.71M
+0.4% YoY
|
| EBITDA |
74.32M
est: 29.51M (+151.8%)
|
83.72M
est: 32.02M (+161.5%)
|
116.43M
est: 34.98M (+232.8%)
|
106.86M
est: 38.24M (+179.4%)
|
118.45M
est: 38.18M (+210.2%)
|
-57.41M
est: 35.47M (-261.9%)
|
112.96M
est: 34.07M (+231.5%)
|
98.80M
est: 32.66M (+202.5%)
|
-28.81M
est: 66.68M (-143.2%)
|
41.29M
est: 62.53M (-34.0%)
|
92.13M
est: 62.43M (+47.6%)
|
59.06M
58.44M – 59.69M
-5.4% YoY
|
58.30M
57.69M – 58.91M
-1.3% YoY
|
58.52M
56.76M – 60.27M
+0.4% YoY
|
| EBIT |
72.26M
est: 3.91M (+1,748.5%)
|
100.70M
est: 4.24M (+2,274.7%)
|
115.07M
est: 4.63M (+2,383.1%)
|
74.59M
est: 5.07M (+1,372.4%)
|
44.08M
est: 5.06M (+771.5%)
|
-58.02M
est: 4.70M (-1,335.1%)
|
84.29M
est: 4.51M (+1,767.6%)
|
5.29M
est: 4.33M (+22.2%)
|
-29.95M
est: 46.60M (-164.3%)
|
39.96M
est: 43.70M (-8.6%)
|
92.13M
est: 43.63M (+111.2%)
|
41.28M
40.84M – 41.71M
-5.4% YoY
|
40.74M
40.31M – 41.17M
-1.3% YoY
|
40.89M
39.67M – 42.12M
+0.4% YoY
|
| Net Income |
45.64M
est: 59.53M (-23.3%)
|
68.33M
est: 67.87M (+0.7%)
|
86.45M
est: 110.33M (-21.6%)
|
46.39M
est: 88.98M (-47.9%)
|
12.59M
est: 77.96M (-83.8%)
|
-74.32M
est: 51.79M (-243.5%)
|
52.77M
est: 62.13M (-15.1%)
|
-22.32M
est: 67.67M (-133.0%)
|
-81.73M
est: -67.21M (-21.6%)
|
-30.08M
est: 32.88M (-191.5%)
|
32.00M
est: 33.09M (-3.3%)
|
41.01M
37.11M – 44.90M
+23.9% YoY
|
56.00M
42.63M – 62.33M
+36.6% YoY
|
58.03M
53.77M – 62.29M
+3.6% YoY
|
| SGA |
9.65M
est: 6.07M (+59.0%)
|
9.91M
est: 6.59M (+50.4%)
|
1.63M
est: 7.20M (-77.3%)
|
0.29
est: 7.87M (-100.0%)
|
11.86M
est: 7.85M (+50.9%)
|
12.01M
est: 7.30M (+64.6%)
|
14.59M
est: 7.01M (+108.1%)
|
3.10M
est: 6.72M (-53.8%)
|
3.00M
est: 4.79M (-37.3%)
|
2.39M
est: 4.49M (-46.6%)
|
—
est: 4.48M (-100.0%)
|
4.24M
4.19M – 4.28M
-5.4% YoY
|
4.18M
4.14M – 4.23M
-1.3% YoY
|
4.20M
4.07M – 4.32M
+0.4% YoY
|
| EPS |
0.56
est: 0.54 (+3.7%)
|
0.78
est: 0.62 (+26.6%)
|
1.06
est: 1.00 (+5.9%)
|
0.46
est: 0.81 (-43.0%)
|
0.11
est: 0.71 (-84.5%)
|
-0.67
est: 0.47 (-242.6%)
|
0.48
est: 0.56 (-14.9%)
|
-0.20
est: 0.61 (-132.6%)
|
-0.74
est: -0.61 (-21.5%)
|
-0.27
est: 0.30 (-190.6%)
|
0.29
est: 0.30 (-3.3%)
|
0.37
0.34 – 0.41
+24.9% YoY
|
0.46
0.39 – 0.56
+22.7% YoY
|
0.52
0.49 – 0.56
+13.3% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-08 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-07 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-06 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-05 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-04 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-04-30 | B | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-04-29 | B | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-04-28 | B | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-04-27 | B | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-04-24 | B | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-04-23 | B | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-04-22 | B | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-04-21 | B | 3/5 | 1/5 | 2/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-04-20 | B | 3/5 | 1/5 | 2/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-04-17 | B | 3/5 | 1/5 | 2/5 | 4/5 | 1/5 | 3/5 | 5/5 |
| 2026-04-16 | B | 3/5 | 1/5 | 2/5 | 4/5 | 1/5 | 3/5 | 5/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L | 0.17% | 158.2K | 0.38% |
| 2 | WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE | 0.17% | 158.2K | 0.38% |
| 3 | iShares European Property Yield UCITS ETF IPRE.DE | 0.17% | 384.4K | 0.40% |
| 4 | iShares European Property Yield UCITS ETF IPRP.L | 0.17% | 1.67M | 0.40% |
| 5 | Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1C XREA.DE | 0.16% | 36.3K | 0.33% |
| 6 | State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (Acc) ZPRP.DE | 0.16% | 234.0K | 0.30% |
| 7 | Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1C XDER.L | 0.12% | 918.9K | 0.33% |
| 8 | WisdomTree Dynamic International SmallCap Equity ETF DDLS | 0.07% | 281.0K | 0.48% |
| 9 | WisdomTree International SmallCap Dividend Fund DLS | 0.06% | 626.0K | 0.58% |
| 10 | iShares International Small-Cap Equity Factor ETF ISCF | 0.05% | 322.0K | 0.24% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Roberto Zoia | Chief Executive Officer, GM & Director | 236.0K | male |
| Andrea Bonvicini | Director of Finance Division | — | male |
| Carlo Barban | Director of Admin, Legal & Corporation Affairs, Contracts, HR & IT and Financial Reporting Officer | — | male |
| Claudia Contarini | Investor Relations Manager | — | female |
| Laura Poggi | Head of Commercial Department | — | — |
| Raffaele Nardi | Director of Planning, Control & Investor Relations | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for IGD.MI
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
