Hammerson Completes Brent Cross Acquisition and Updates 2025 Guidance

Hammerson plc R.E.I.T. ( (GB:HMSO) ) has issued an announcement.

Hammerson plc has announced the substantial completion of its acquisition of Brent Cross, a prominent retail and leisure destination, which consolidates its control and economic interest in line with its strategy to recycle capital into landmark assets. This acquisition, alongside strong year-to-date trading performance and updated guidance for 2025, positions Hammerson for significant growth, with expected total GRI growth of 10% for the year. The acquisition of Brent Cross, combined with previous strategic moves, has allowed Hammerson to redeploy £321 million into consolidating control of its assets, enhancing its annualized EBITDA by £25 million. The company’s strong leasing performance and asset repositioning efforts have led to increased occupancy and rental growth, supporting its medium-term financial framework and future earnings growth.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £3.20 price target. To see the full list of analyst forecasts on Hammerson plc R.E.I.T. stock, see the GB:HMSO Stock Forecast page.

Spark’s Take on GB:HMSO Stock

According to Spark, TipRanks’ AI Analyst, GB:HMSO is a Neutral.

Hammerson plc faces significant financial challenges, particularly in profitability and cash flow, which weigh heavily on the overall score. However, recent strategic initiatives, including share buybacks and operational improvements, provide some potential for recovery. The high dividend yield and positive technical momentum offer additional support, although financial risks remain a concern. The company’s strategic realignment and future growth potential noted in the earnings call add a positive note, counterbalanced by valuation concerns.

To see Spark’s full report on GB:HMSO stock, click here.

More about Hammerson plc R.E.I.T.

Hammerson plc is the largest UK-listed, pure-play owner and manager of prime retail and leisure anchored city destinations across the UK, France, and Ireland. The company focuses on owning, managing, and investing in landmark city destinations that integrate retail, leisure, and community hubs, aiming to meet evolving customer and occupier needs while delivering sustainable long-term growth for stakeholders. Hammerson’s portfolio includes 10 city locations that rank in the top 20 of all retail venues across its geographies, attracting 170 million visitors annually and generating £3 billion in sales for its brand partners.

Average Trading Volume: 1,186,746

Technical Sentiment Signal: Hold

Current Market Cap: £1.3B

Learn more about HMSO stock on TipRanks’ Stock Analysis page.