France · Delayed Price · Currency is EUR Carmila Earnings Call Transcripts
Fiscal Year 2025
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Profitable growth in 2025 was driven by organic, investment, and innovation engines, with net rental income up 8.8% and EPS up 9%. Guidance for 2026 targets 2% EPS growth, continued strong shareholder returns, and further upside from acquisitions.
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2024 saw robust growth in recurring EPS, net rental income, and portfolio value, driven by strong leasing, Galimmo integration, and disciplined capital allocation. 2025 guidance targets further EPS growth, a new share buyback, and continued asset transformation.
Fiscal Year 2024
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2024 saw robust growth with recurring EPS up 4.5% and net rental income rising 8.3%, driven by strong leasing and the Galimmo integration. The portfolio expanded to 251 centers, with a record 96.7% occupancy and a 13% valuation increase. 2025 guidance targets further EPS growth and a new share buyback.
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Strong H1 2024 performance with 3.4% rent growth and stable portfolio values. Galimmo acquisition is immediately accretive, raising EPS guidance to EUR 1.65 for 2024. Leverage remains below 40% LTV, and specialty leasing and agile projects drive future growth.