Report
Florent Laroche-Joubert

Carmila : Local leadership is a source of resilience!

>H1 2020 impacted by COVID and the recovery looks reassuring - Carmila’s net rental income fell by 11.7% year-on-year at current scope to € 147.5m in H1 2020, reflecting the expected impact of aid measures for tenants. At constant scope (-10.1% yoy), the decline was particularly pronounced in France at -12.7% and in Italy at -11.7%. This performance was mainly explained by a COVID impact that included: 1/ monthly invoicing in arrears of rents in Q2 2020 in the three...
Underlying
Carmila SAS

Carmila SA, formerly Cardety SA, is a France-based company that operates in the real estate investment sector. The Company is primarily engaged in the acquisition, holding and managing of commercial real estate assets for lease. The Company's real estate assets include a supermarket under the ED brand in Forges-les-Eaux, a shopping center in Pau Lescar, a retail park in Mondeville, a shopping mall in Besancon Chalezeule, a building complex in Salaise-sur-Sanne and a business park project in Quetigny.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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