Carmila shares break through €15 and rebound 4.5% in one week
The Carrefour shopping centre REIT is benefiting from a well-oriented Paris session. The stock has just broken through a level it had struggled to regain for several weeks, a few days after accelerating rental income.
A breakout above resistance that brings the stock closer to its MA200
Carmila gains 2% to €15.30 intraday, after breaking above its €15 resistance, which has become support and the highest level of the last 30 sessions. The move comes in a market supported by falling interest rates and a CAC 40 up 2.16%.
The price is now above its MA20 (a gap of 5.15%) and its MA50, but remains below its MA200, at €16.36, a gap of 6.48%. Over the week, the stock is up 4.5%, although it is still down 10% over three months. The RSI at 68 reflects the strength of this recent rebound.
Accelerating rents and recurring net income target confirmed in October
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The stock had reacted to the nine-month results published on October 22: net rental income on a like-for-like basis rose 2.1%, compared with 1.4% in the first half, and the company confirmed its target of recurring net income of €1.87 per share for 2026. The occupancy rate reached 96.0%, up 70 basis points.
According to the consensus of the analysts surveyed, the stock trades at around 8.2 times earnings for the current financial year. The next technical level to watch is resistance at €18.12, while the MA200 at €16.36 is the first medium-term reference located above the price.
Carmila is confidently reiterating its objectives for 2026
Risks mentioned
No new supply and increasing scarcity of profitable spaces may limit future expansion opportunities
Interest rate sensitivity despite current full hedging in 2026-2027, potentially impacting cost of capital for future acquisitions
Retail market concentration in Western Europe and exposure to economic downturn affecting footfall and retailer demand
Opportunities identified
Accretive acquisition of Grand Quetigny (Dijon) generating rental uplift and innovation-based revenues leveraging Carmila's asset management expertise
Rising retailer demand and occupancy expansion (96.0%, +70 bps) supporting sustainable rental revenue growth across three countries
Innovation-driven revenues (Specialty leasing, Retail media, Next Tower, Marketing services) from 620 million annual visits
Outlook / guidance
Management commentary: Carmila is confidently reiterating its objectives for 2026 and expects to generate recurring earnings per share of €1.87.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
