Dynamic leasing activity maintained (763 leases signed, up +34% on the first nine months of 2019 and up +105% on the first nine months of 2020) Rent collection returning to normal for third-quarter
Carmila: 2021 Half-Year Results finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Carmila: First-quarter 2021 Financial Information
Gross rental income fell by 6.6%
Leasing activity remained robust during first-quarter 2021
Solid financial position with successful bond issue extending average debt maturity
Regulatory News:
Marie Cheval, Chair and Chief Executive Officer of Carmila (Paris:CARM) commented: The first quarter of 2021 was shaped by numerous government-enforced restrictions and closures. However, the commitment of our teams and the strengths of our centres ensured that leasing activity remained dynamic. Carmila is standing by to support retailers and to prepare for a highly-anticipated reopening.
1. Store closures and opening restrictions severely disrupted business at Carmila centres
During the first-quarter of 2021, government measures to tackle the Covid-19 pandemic led to store closures and restrictions in France, Spain and Italy.
Carmila: 2020 Annual Results
Regulatory News:
In a year characterised by the health crisis and attendant business restrictions, Carmila s (Paris:CARM) core business was resilient and its financial structure solid:
Encouraging performances on business resumption during the different reopening phases
Stable rental base, down just 0.5% versus 2019
Dynamic leasing activity
EPRA Net Tangible Assets of €24.72 per share
Loan-to-value ratio (including transfer taxes) at 37.0%
Recurring earnings of €167.6 million, down 24.7% versus 2019, at €1.20 per share
Marie Cheval, Chairman and Chief Executive Officer of Carmila commented
: In an unprecedented health context for Carmila and for the entire industry, this has been a very demanding year. The multiple challenges brought about by the crisis have served to underline the particular strengths of Carmila s shopping centres: rooted in local regions, backed by the partnership with Carrefour, engaged with their retailers and popu