Full Year 2024 Carmila SA Earnings Call Transcript

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Feb 12, 2025

Feb 12, 2025 / 08:00AM GMT
Marie Cheval - Carmila SA - Chairman of the Board, Chief Executive Officer

Good morning, everyone and welcome to Carmila's 2024 results presentation.

Together with Sebastien Vanhoove, deputy CEO; and Pierre-Yves Thirion, CFO; we will present a strong set of results for the 3rd year of our strategic plan building sustainable growth.

This plan is structured around 3 pillars. First, transforming assets. Second, optimizing capital, and finally, creating long-term value thanks to a series of growth and sustainability initiatives.

Let me work through the key takeaways.

First, we successfully completed the Galimmo integration, the only sizable consolidation in the retail real estate sector in recent years.

Next, we delivered outstanding momentum in our leasing activity with nearly 1,000 new leases signed, further demonstrating the appeal of our centers. Net rental income growth is strong at 8.3%. I am particularly satisfied to announce that our 24 recurring earnings per share is higher than the guidance at EUR1.67 up 4.5%. The portfolio valuation is dynamic with a

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