Carmila SAS

CARM

Equity

ISIN FR0010828137 / Valor 10776310

Euronext - Euronext Paris (2025-11-21)

EUR 16.40+0.37%

Carmila SAS
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About company

Carmila SAS is a prominent commercial property firm managing over 250 retail outlets located primarily around Carrefour hypermarkets. The company focuses on developing and operating accessible, scalable shopping centers that incorporate omnichannel retail strategies to meet changing consumer behaviors. Through its extensive territorial network, Carmila facilitates the expansion of various retail businesses across different regions. Additionally, Carmila Franchise provides comprehensive services that connect franchisors with potential franchisees, supporting the growth and development of retail projects. By situating its centers near residential areas, Carmila enhances convenience for both merchants and customers, thereby strengthening the retail sector and contributing to the vitality of local communities.

Summarized from source with an LLMView SourceSector: Finance

Net Rental Income

Net rental income reached €203.4 million, marking a sustained growth of 15.4% compared to the first half of 2024, including a 3.6% increase on a like-for-like basis.

EBITDA Growth

EBITDA rose by 14.1% to €176.9 million, reflecting Carmila's ability to generate sustainable earnings through asset transformation and capital optimization strategies.

Leasing Performance

The company signed 467 leases with a 96.0% financial occupancy rate, up 70 basis points from June 2024. Specialty Leasing revenue increased by 15.1% to €9.1 million, driven by high demand for flexible retail formats.

Portfolio Valuation

Carmila's property portfolio was valued at €6,690.2 million, a 1.1% increase on a like-for-like basis compared to December 2024. The net initial yield remained stable at 6.60%.

Financial Structure & Outlook

The company's Loan-to-Value ratio stood at 39.7%, with a net-debt-to-EBITDA ratio of 7.6x. Carmila also launched a €10 million share buyback programme and revised its 2025 recurring earnings per share guidance upwards to €1.79.

Summarized from source with an LLMView Source

Key figures

-0.12%1Y

18.0%3Y

59.6%5Y

Performance

20.6%1Y

22.8%3Y

32.5%5Y

Volatility