- 2016 Gross Rental Income up +9%, at Euro 275.7 million
- Financial occupancy rate up by 2 percentage points, at 0% as of Dec. 31, 2016
- 2016 Recurring Earnings at Euro 172,3 million
- Net Asset Value (EPRA NAV) up +13% year-on-year to Euro 2,773 million at end-2016
As of December 31, 2016, the portfolio comprised 194 shopping centres adjacent to Carrefour food stores, with a market value of Euro 5.2 billion, up +13.3% year-on-year.
The average net yield of the portfolio was 5.9% at end-2016.
Carmila, as a “Smart Shopping Center Company”, rolled out its innovative Marketing and Digital strategy to support the development of the business and turnover of its retail tenants, in order to enhance the appeal and performance of its centres.
The plan launched in 2014 to entirely renovate its shopping centre in partnership with the Carrefour Group, continued in 2016, with 54 renovations completed, increasing the renovated portion of the portfolio to 89%.
The remainder of Carmila portfolio will be fully renovated in the course of 2017.
3 first extension projects have been delivered in 2016 (phase 1 BAB2 in Biarritz, Bourges and Nevers). 37 extension projects have been initiated to date for a total investment of Euro 1.5 billion.
In 2016, Carmila acquired assets for Euro 325 million including notably the acquisition of
4 shopping centres for Euro 243 million.
On March 2, 2017 Carmila announced its intention to merge with Cardety
 Excluding strategic vacancy for units affected by a renovation, extension or restructuring project. The financial occupancy rate is the ratio of the amount of rents billed during a given period to the amount of rents that the Group would receive if all of its operating assets were leased (vacant premises are taken into account at their appraisal value).
 The gross asset value (“GAV”) corresponds to the appraisal value of the assets in operation, including transfert taxes, plus the amount of fixed assets in progress that are not taken into account in the appraisals.
 Average rate of return used by property experts to define the appraisal value of the Carmila Group assets