Shopping centre operator Carmila's 9M rental income rises on brand demand

Carmila SA

Today 16:51

Overview
France-based shopping centre operator's 9m net rental income up 2.1% like-for-like
Retailer sales rose 3.2% like-for-like, occupancy improved to 96%
Company reiterated full-year recurring EPS guidance of €1.87

Outlook
Carmila confirms 2026 recurring EPS guidance at €1.87
Company to present new 5-year strategic plan at Capital Markets Day on 19 Nov

Result Drivers
RETAILER DEMAND - Co said strong demand from brands and rising visitor numbers drove accelerating growth in net rental income and retailer sales
LEASING ACTIVITY - Co reported a 15% increase in leases signed and 3.1% rental uplift, supporting rental revenue growth
COLLECTION RATE - Co said improved collection rate and innovation-driven revenues contributed to net rental income growth

Company press release: ID:nBwCrm6wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Gross Rental Income
 
EUR 327.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for Carmila SA is €19.70, about 37.6% above its October 21 closing price of €14.32
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)