Mission Statement, Vision, & Core Values (2026) of Carmila S.A.

Curious how a specialized retail landlord turns shopping centers into community hubs? Carmila S.A., founded in 2014, today manages 277 shopping centers across France, Spain, Italy and Germany with a portfolio valued at approximately €4.5 billion in 2024 (a 10% increase year-on-year), driving a 15% rise in foot traffic through a mission centered on enjoyment, emotion and exchange; the company's vision of sustainable growth and asset transformation is backed by a €30 million 2024 investment to cut carbon emissions by 20% by 2025, a strategic €100 million tap issue while maintaining a BBB stable S&P rating, and financial levers-net debt/EBITDA of 7.4x and an EPRA LTV of 38.9%-that enable mixed-use development, strong tenant relationships, operational excellence and community-focused innovation.

Carmila S.A. (CARM.PA) Intro

• Portfolio scale: 277 shopping centres with a total portfolio value of approximately €4.5 billion (2024), up ~10% year-on-year.
• Operational performance: foot traffic increased by 15% across centres in 2024, driven by tenant mix optimization and experiential initiatives.
• Sustainability commitment: €30 million invested in 2024 to reduce carbon emissions, targeting a 20% reduction in property emissions by 2025.
• Capital markets activity: launched a €100 million tap issue in 2024 while maintaining an S&P BBB rating with a stable outlook.
• Financial strength: net debt / EBITDA of 7.4x and EPRA Loan to Value of 38.9%, enabling continued investments and shareholder returns.

Mission

• To create thriving local retail hubs that combine convenience and experience for communities.
• To build long-term, value-enhancing partnerships with retail tenants and service providers.
• To deliver sustainable, resilient cash flows for shareholders through active asset management.

Vision

• To be Europe's leading owner-manager of convenience-focused shopping centres, known for strong tenant retention and vibrant consumer destinations.
• To integrate sustainability and digital activation into every centre, ensuring relevance and resilience in changing retail markets.

Core Values

• Tenant-first: aligning leasing strategy and centre operations to support retailer success and improve shopper satisfaction.
• Community orientation: designing centres that serve local needs and promote social engagement.
• Sustainability: committing capital and operational focus to measurable carbon and energy reductions.
• Financial discipline: maintaining conservative leverage metrics and access to capital to fund growth and returns.
• Innovation: adopting digital tools and experience-led concepts to drive footfall and sales density.

Key Metrics (Selected 2024 Data)

For further financial analysis: Breaking Down Carmila S.A. Financial Health: Key Insights for Investors

Carmila S.A. (CARM.PA) - Overview

• Transform shopping centers into community spaces that combine retail, leisure and services.
• Deliver operational excellence with high financial occupancy and sustained commercial momentum.
• Leverage agility, scale and mixed‑use development to adapt to market dynamics.
• Foster a winning mindset and collaborative culture to anticipate change and drive progress.
• Build durable relationships with retailers and local communities to support mutual growth.

• Operational excellence: tight asset management, proactive leasing and tenant mix optimization to sustain occupancy and cash flow.
• Commercial momentum: merchandising, events and marketing to boost footfall and sales per sq. m.
• Agility & mixed‑use: redevelopment and densification opportunities (residential, offices, services) to increase long‑term value.
• Scale benefits: cross‑border platform (France, Spain, Italy) to deploy best practices and capture synergies.

Carmila S.A. (CARM.PA) - Mission Statement

• Deliver sustainable growth through targeted asset transformation and mixed-use development.
• Optimize capital allocation by disposing of mature assets and redeploying proceeds into higher-return acquisitions and redevelopment projects.
• Leverage partnership models (e.g., long-term collaboration with Carrefour) to enhance tenant mix and footfall.
• Embed carbon neutrality and ESG performance into investment decisions and operational practices.
• Foster agility: test and scale new commercial concepts and revenue streams to create differentiated value.

Vision Statement

• Transform shopping centres into mixed-use hubs (retail, leisure, offices, housing) to increase resilience and densify revenues.
• Recycle capital: systematically sell mature/low-opportunity assets and target acquisitions with asset transformation potential.
• Scale new business lines (proptech services, asset management mandates, development joint-ventures) to diversify earnings.
• Commit to carbon neutrality with timebound KPIs across scope 1-3 emissions and energy intensity reductions.

• Capital recycling example: targeted disposals of mature assets to free up capital for redevelopment and bolt-on acquisitions with higher yield spread.
• Mixed‑use pilot projects: conversion of peripheral retail plots into multi‑functional urban centres with residential and office components to increase density and long-term value.
• Partnership model: co-development and commercial agreements with Carrefour to retain grocery footfall while enhancing tenant mix.

For a detailed financial breakdown and investor-focused analysis, see: Breaking Down Carmila S.A. Financial Health: Key Insights for Investors

Carmila S.A. (CARM.PA) - Vision Statement

• Deliver consistent, sector-leading financial occupancy and commercial performance across a diversified portfolio of convenience-oriented shopping centers.
• Create retail ecosystems where convenience, experience and sustainability drive footfall, basket sizes and tenant profitability.
• Embed digital and service-led innovations to future-proof assets and accelerate omnichannel retail synergies.
• Be a trusted local partner, investing in community wellbeing and green transitions that enhance asset resilience and social license to operate.

• Integrity: Transparency in reporting, governance and stakeholder dialogue - ensuring high standards of compliance and accountability.
• Customer Focus: Prioritizing tenant success and consumer convenience through tailored leasing strategies, services and marketing support.
• Sustainability: Reducing energy consumption, improving waste management and promoting sustainable mobility at centre level.
• Innovation: Deploying proptech, data analytics and omnichannel solutions to enhance performance and shopper experience.
• Community Engagement: Collaborating with local authorities, associations and brands to drive social programs and place-making initiatives.
• Operational Excellence: Pursuing high occupancy, efficient cost control and disciplined capital allocation to maintain strong commercial momentum.

• Maximise occupancy and rental growth via active asset management and retenanting strategies.
• Accelerate energy-efficiency upgrades and report Scope 1-3 reductions aligned with science-based targets where feasible.
• Scale digital services (customer analytics, loyalty, last-mile logistics solutions) to boost retailer conversion rates and average spend.
• Deepen local partnerships to increase community events, social impact programs and footfall-driving activations.

• Integrity & governance: timely financial disclosure, independent board oversight and adherence to best practices in investor relations.
• Customer Focus: retailer business reviews, bespoke marketing budgets, tenant digital toolkits and shopper experience KPIs.
• Sustainability: centre-level ESG roadmaps, CAPEX prioritisation for energy savings, and measurement of CO2e reductions.
• Innovation: pilots for click-and-collect hubs, smart parking, footfall analytics and tenant loyalty platforms.
• Community Engagement: regular stakeholder forums, event calendars and social-impact reporting.
• Operational Excellence: tight rent collection monitoring, active asset rotation and efficiency programs to support margins.