Q1 2023 Immobiliare Grande Distribuzione SIIQ SpA Earnings Call Transcript
[Interpreted] Good afternoon. This is the Chorus Call operator. Welcome to the Conference Call Presenting IGD Q1 2023 Results. (Operator Instructions)
Let me now turn the conference over to Mr. Claudio Albertini, CEO of IGD. You have the floor, Mr. Albertini.
[Interpreted] Very well. Thank you. Good afternoon to all of you. A warm welcome to all of you to this conference call presenting Q1 2023 results. And the results were approved this morning by our Board meeting as you could actually read in our press release and the presentation you probably downloaded from our website.
Let me start by walking you through the presentation. Let's move to Page 4. We start with highlights, the financial highlights. And as you can see, the first 3 carry a positive sign and then we have a negative sign before funds from operations, FFO. And then we'll tell you also why we have a minus sign before that item.
Rental income, gross rental income is up 2.3%,
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