2025 Annual Results: Carmila Shows Strong Growth

Carmila announced an increase in its EPS to €1.81, representing an 8.7% rise in 2025, thus exceeding its targets. The company recorded an 8.8% increase in net rental income, primarily driven by organic growth of 3.5% and significant investments, notably the successful integration of Galimmo. Retailer revenue increased by 0.9%, with higher foot traffic in the centers. EBITDA reached €344.5 million, reflecting a margin of 79.3%.

Carmila also saw its asset valuation reach €6.7 billion, marking a turning point with its net interest rate (NIY) declining for the first time in seven years. For 2026, Carmila plans to maintain its growth momentum, with an anticipated EPS of €1.84, supported by a robust net purchase strategy and an acceleration of its innovation activities.