Carmila SA CARM

Overview

Carmila stands as Europe's third-largest publicly traded owner of commercial property, a prestigious position achieved through a strategic partnership founded by Carrefour and several prominent institutional investors. This collaboration was established with a clear vision: to significantly enhance the value of shopping centers that are located adjacent to Carrefour hypermarkets across France, Spain, and Italy. As of the end of 2023, on December 31, Carmila's portfolio boasted an impressive valuation of €5.9 billion, encompassing 201 shopping centres. These centers not only command a leading presence but also dominate their respective catchment areas, reinforcing Carmila's influential status in the commercial real estate sector. The company's shares are traded on the prestigious Euronext-Paris Compartment A, identifiable through the ticker symbol CARM, and it enjoys the advantageous tax status afforded to French real estate investment trusts (SIIC). Adding to its accolades, Carmila was inducted into the SBF 120 index on June 20, 2022, a testimony to its financial health and market significance.

Products and Services

Carmila's portfolio offers a diversified range of products and services crafted to enhance the commercial value and appeal of the shopping centres it owns. These include:

• Property Management: Carmila excels in managing a vast array of commercial properties, ensuring they remain appealing and functional for both tenants and visitors. The company focuses on maintaining high standards of upkeep and offering state-of-the-art amenities, thus attracting and retaining key retailers.
• Commercial Development: At the core of Carmila's strategy is the development and enhancement of shopping centres. This involves the expansion of existing properties, refurbishment projects, and the introduction of new and exciting retail brands, all aimed at increasing foot traffic and enhancing the shopping experience.
• Tenant Services: Carmila offers a comprehensive suite of services to its tenants, including marketing support and operational assistance, to ensure they can maximize their success within Carmila's shopping centres. This collaborative approach fosters a vibrant and dynamic retail environment for shoppers.
• Investor Services: For its investors, Carmila provides a robust and transparent platform for real estate investment. The company's focus on strategic locations adjacent to Carrefour hypermarkets ensures consistent performance and potential for capital appreciation, making it an attractive option for institutional and individual investors alike.