Hammerson plc R.E.I.T. ( (GB:HMSO) ) has shared an update.
Hammerson plc reported a transformative year in 2024, marked by strategic realignment and significant financial achievements. The company completed the sale of Value Retail and other non-core disposals, raising £1.5 billion to strengthen its capital structure and invest in growth. Hammerson’s focus on high-quality assets in vibrant European cities has positioned it to benefit from market trends such as the demand for fewer, more productive stores and the increasing relevance of physical retail experiences. The company achieved record leasing performance, with occupancy rates exceeding 95% and footfall and sales surpassing national benchmarks. Despite a reported IFRS loss due to impairments, Hammerson’s balance sheet remains strong, with net debt reduced by 40%. The company is optimistic about future growth, driven by ongoing investments and a robust pipeline of new leases.
More about Hammerson plc R.E.I.T.
Hammerson plc is a leading UK-listed real estate investment trust (REIT) specializing in the ownership and management of prime retail and leisure destinations across the UK, France, and Ireland. The company focuses on integrating retail, leisure, and community hubs to meet evolving customer and occupier needs, with a strong emphasis on sustainable long-term growth. Hammerson’s portfolio includes 10 city locations that rank among the top retail venues in their respective geographies, attracting 170 million visitors annually and generating £3 billion in sales for brand partners.
YTD Price Performance: 3.22%
Average Trading Volume: 890,578
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.41B
For an in-depth examination of HMSO stock, go to TipRanks’ Stock Analysis page.