Immobiliare Grande Distribuzion (IDG) SIIQ SpA | REIT Profile

Symbol: IGD
Exchange: BIT
Founded: 1977 (47 years)
HQ: Bologna, BO, Italy
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail, Office

See IGD on Yahoo Finance

IGD acquires and manages properties - mainly hypermarkets and malls - over the long term, with the aim of extracting value thanks to a careful business and real estate activity, seeking to maintain the high quality of the assets at the same time. Its vocation, therefore, is not expressed in trading on the contrary, the nature primarily rental of incomes enabled IGD to be the first Italian company to obtain, in 2008, the SIIQ status, Società di Investimento Immobiliare Quotata (real estate investment trust). Born from the transfer of a large part of the real estate assets owned by Coop Adriatica and Unicoop Tirreno from the IPO in February 2005 to the end of 2011 IGD developed an ambitious investment program, followed in the last four years by a consolidation phase, also characterized by an assets rotation policy: over time hte Group has always achieved profitable results, ensuring to all its shareholders an attractive return through the continuous distribution of dividends.