Immobiliare Grande Distribuzione SIIQ stock
IGD.MIMILImmobiliare Grande Distribuzione SIIQ S.p.A., Real EstateISIN IT0005322612
55Score 55 out of 100, Neutral
Price and trend
61 / 100
Price history
+9.6% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 0.3% below it.
Since September 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 69).
The price is 12% below its 52-week high. Largest decline in 20 years: 95% (April 2007 to April 2024).
Chart figures for advanced users
- SMA 50$4.17
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$4.48
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)69
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$3.72
- The lowest closing price of the last twelve months.
- Resistance$5.06
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Immobiliare Grande Distribuzione SIIQ S.p.A. belongs to the REIT (Retail) industry (Italy) and, with a market value of $492.34M, is number 32 of 37 companies in its industry on MEQIRI.
- For fiscal 2026, analysts expect on average revenue of $145.37M (down 6.2%) and adjusted earnings per share of $0.42 (up 29.9%).
- MEQIRI Score 55 out of 100 (Neutral): rank 165 of 327 in Real Estate, median 55.
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- The P/E is 10.5 (REIT (Retail) median 17.6, own median of recent years 10.3).
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $7.74, with the price 43% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Below fair valuePrice 43% below the fair value of $7.74.Valuation 93
Weaknesses
- Interest barely coveredOperating profit covers interest only 1.6 times.Stability 55
Its standout strength is valuation, while growth and capital allocation hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $5.95 and expensive above $11.06 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $6.88 (cash-flow model) and $8.60 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 10.7%. At 11.7% the fair value would be $7.33, at 9.7% it would be $8.28.
Valuation metrics
Half from the cash-flow model, half from operating cash flow per share times the median price to cash flow of the REIT industry (13.1). For the fair value, FFO only counts when it is in line with operating cash flow. That is not the case here, for example because the REIT carries its properties at market value, records little depreciation or a gain on sale sits in earnings. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 5% of revenue. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 9% on the twelve months before. Revenue has grown solidly since 2006, at about 5% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 85%, operating 66%, net 23%. Last 12 months: net 30%.
Debt & balance sheet
latest quarterDebt is moderate, but interest coverage is weak. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 12 Nov 2026today
- Last reported
- 4 Aug 2026EPS reported $0.16
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $0.42−0.3%
- Revenue
- $145.37M−1.9%
- Earnings per share
- $0.46−0.3%
- Revenue
- $142.95M−2.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +0.5%Another EUR 15 million of disposals are expected by the end of 2026 and no new guidance is given; the EUR 45 million FFO figure comes from the 2025 business plan.
“So EUR 21.8 million in 2025, EUR 10.7 million in 2026, and we expect another EUR 15 million of disposal by the end of 2026.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 4 Aug 2026 (fiscal Q2 2026), read by AI.
What happened at Immobiliare Grande Distribuzione SIIQ
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 55
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Retail)
The next larger and next smaller companies by market value
- WereldhaveWHA.AS $955.97M57
- Saul CentersBFS $705.92M55
- Wereldhave BelgiumWEHB.BR $661.58M66
- Vastned BelgiumVASTB.BR $485.91M60
- AscencioASCE.BR $411.95M70
- Patrimoine et CommercePAT.PA $370.92M53
- SelectirenteSELER.PA $363.48M57
- Alpine Income Property TrustPINE $302.39M53
ETFs that hold Immobiliare Grande Distribuzione SIIQ
Held by 11 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares European Property Yield UCITS ETFIQQP | 0.18% | 0.40% | €762.78M |
| State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETFZPRP | 0.16% | 0.30% | €113.99M |
| Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1CXREA | 0.15% | 0.33% | €18.23M |
Show 5 more
| WisdomTree Europe SmallCap Dividend UCITS ETFWTES | 0.13% | 0.38% | €86.74M |
| Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1CD5BK | 0.10% | 0.33% | €639.74M |
| iShares Developed Markets Property Yield UCITS ETFIQQ6 | 0.02% | 0.59% | €812.71M |
| Amundi FTSE EPRA NAREIT Global UCITS ETF Dist10AJ | 0.01% | 0.24% | €603.52M |
| HSBC FTSE EPRA NAREIT Developed UCITS ETFH4ZL | 0.01% | 0.24% | €3.36B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = €0.8987)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 3 Apr 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.