Earnings release
Page 1
CARMILA PRESS RELEASE Paris , 22 October 2026 ( after trading ) 9 - month 2026 trading update Earnings guidance confirmed on the back of accelerating operating momentum Carmila's platform of leading shopping centers in Western Europe has delivered accelerating growth year - to - date , driven by strong demand from brands and rising visitors numbers : Solid business activity : • • • • • 9 - month net rental income amounted to € 305.9 million , up 2.1 % on a like - for - like basis , accelerating from 1.4 % in H1 9 - month retailer sales up 3.2 % on a like - for - like basis , reflecting continued market share gains High leasing demand with 3.1 % rental uplift year - to - date and a 15 % increase in number of leases signed over one year Occupancy at 96.0 % , up 70 bps year - on - year Collection rate at 97.5 % , up 90 bps year - on - year Sector - leading balance sheet : • • • Ratings affirmed both by S & P at BBB stable outlook with a larger headroom on key metrics and by Fitch at BBB + on senior unsecured debt Net debt / EBITDA at 7.3x ' , enabling Carmila to raise € 200 million of financing and renew € 540 million of revolving credit facilities year - to - date at competitive conditions Accretive acquisition of a destination mall in the Dijon metropolitan area closed in September ESG excellence reducing energy consumption : Carmila awarded 5 stars by GRESB , with a score of 91.7 / 100 • • 78 % reduction in scope 1 and 2 carbon emissions and 51 % drop in energy consumption since 2019 Carmila moves with confidence into the final quarter of 2026 and confirms its full- year guidance with recurring earnings per share of € 1.87 . Positioned for further growth , the Group will present its new 5 - year strategic plan at a Capital Markets Day on 19 November . 1 As of June 30 , 2026 . Visit our website at www.carmila.com/en in