tiprankstipranks
Trending News
More News >
Hammerson plc R.E.I.T. (GB:HMSO)
LSE:HMSO

Hammerson plc R.E.I.T. (HMSO) AI Stock Analysis

Compare
59 Followers

Top Page

GB:HMSO

Hammerson plc R.E.I.T.

(LSE:HMSO)

Select Model
Select Model
Select Model
Neutral 64 (OpenAI - 5.2)
Rating:64Neutral
Price Target:
340.00p
▲(4.10% Upside)
Hammerson plc's overall stock score is driven by positive technical indicators and strategic corporate events, which bolster confidence in its future prospects. However, financial performance challenges, particularly in profitability and cash flow, weigh down the score. The valuation is mixed, with a high P/E ratio offset by a solid dividend yield.
Positive Factors
Revenue Growth
A revenue growth rate of over 16% indicates strong demand and effective management of the property portfolio, suggesting potential for sustained growth.
Portfolio Strength
The strategic focus on high-quality retail and mixed-use properties positions Hammerson to capitalize on urbanization trends and consumer demand for premium retail experiences.
Strategic Partnerships
Partnerships with retailers strengthen tenant relationships and occupancy rates, supporting long-term revenue stability and growth.
Negative Factors
Profitability Challenges
Ongoing net losses and negative cash flow highlight significant profitability challenges, which may hinder financial flexibility and growth potential.
High Leverage
High leverage increases financial risk, potentially limiting the company's ability to invest in growth opportunities or weather economic downturns.
Cash Flow Constraints
Negative free cash flow and reduced operating cash flow indicate cash constraints, which could affect the company's ability to fund operations and investments.

Hammerson plc R.E.I.T. (HMSO) vs. iShares MSCI United Kingdom ETF (EWC)

Hammerson plc R.E.I.T. Business Overview & Revenue Model

Company DescriptionAt Hammerson, we create vibrant, continually evolving spaces, in and around major cities, where people and brands want to be. We seek to deliver value for all our stakeholders and to create a positive and sustainable impact for generations to come. We own and operate high-quality flagship destinations and have investments in premium outlets in selected European countries and have a City Quarters strategy to evolve our portfolio beyond retail.
How the Company Makes MoneyHammerson generates revenue primarily through rental income from its extensive portfolio of retail and mixed-use properties. The company leases space to a variety of tenants, including retail brands, restaurants, and entertainment venues, which provides a steady stream of rental payments. Additionally, Hammerson derives income from property management services and ancillary services, such as advertising and sponsorships within its properties. The company may also benefit from development projects that increase the value of its assets, as well as strategic partnerships with retailers that enhance occupancy rates and drive sales. Economic factors, consumer trends, and location desirability significantly influence Hammerson's earnings, making its revenue model closely tied to the retail real estate market.

Hammerson plc R.E.I.T. Earnings Call Summary

Earnings Call Date:Feb 26, 2025
(Q4-2024)
|
% Change Since: |
Next Earnings Date:Feb 26, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture, with strong balance sheet improvements, revenue growth, and operational efficiency being major highlights. However, challenges such as the decline in Irish valuations, a drop in reported GRI, and a significant IFRS loss were notable lowlights. The company expressed confidence in its strategic positioning and future growth potential.
Q4-2024 Updates
Positive Updates
Strong Balance Sheet and Revenue Growth
The company reported a strong balance sheet with an LTV of 30% and significant revenue growth in key areas. Leasing performance was robust with 262 leases signed on 1 million square feet of space generating GBP 41 million of rent, up 2% like-for-like.
Increased Footfall and Sales Performance
The company welcomed 170 million visitors, with footfall up 2%. Sales performance was up 5% in the U.K. and 3% in France. Bullring reported an 11% increase in sales growth, standing out among its peer group.
Operational Efficiency and Cost Reduction
Operational costs were reduced by 16% year-on-year, surpassing guidance. Adjusted earnings came in at GBP 99 million, supported by a 4% increase in dividends.
Positive Leasing and Rental Growth
Leasing activities in January and February 2025 generated more than GBP 9 million, at 10% above previous passing and 11% over ERV. Long-term deals were signed 56% above previous passing and 13% ahead of ERV.
Negative Updates
Decline in Irish Valuations and Revenue
Valuations in Ireland were down 13%, attributed to a valuer's interpretation of a distressed debt sale. The like-for-like rental income in Ireland was down 6% due to strong comps and an overrented unit.
Reported GRI Decline and IFRS Loss
Reported GRI was down GBP 21 million year-on-year due to disposals. The IFRS loss was GBP 526 million, with GBP 497 million attributable to Value Retail.
Company Guidance
During the 2024 fiscal year, the company reported significant progress in its strategic realignment and operational performance, achieving a 30% LTV post-reinvestment in the Westquay asset. The leasing activity showed strong results with 262 leases signed on 1 million square feet of space, generating GBP 41 million of rent, a 2% increase like-for-like, and contributing to a long-term visible income stream with GBP 255 million of rent contracted to first break. The company reduced vacancy to less than 5% and achieved long-term deals 56% above previous passing rent and 13% ahead of ERV, resulting in an additional GBP 8 million of passing rent. Valuations increased by 4.2% in the U.K. and 1.5% in France, while Ireland saw a 13% decrease due to a distressed debt sale. Sales grew by 5% in the U.K. and 3% in France, with standout performances like Bullring achieving 11% sales growth. The company also reported a 3% like-for-like GRI growth, excluding assets under repositioning, and adjusted earnings of GBP 99 million, supported by a 16% reduction in costs. Looking ahead, the company anticipates further growth from investments and ongoing acquisitions, with an entry run rate of adjusted earnings at GBP 85 million for 2025, reflecting a disciplined approach to capital allocation and a strong balance sheet with a net debt-to-EBITDA of 5.8x.

Hammerson plc R.E.I.T. Financial Statement Overview

Summary
Hammerson plc R.E.I.T. faces challenges with profitability and cash flow generation, reflected in consistent net losses and negative free cash flow. While the balance sheet shows some stability, high leverage and negative return on equity highlight financial risks. The company needs to address revenue growth and profitability to improve its financial standing.
Income Statement
The company's revenue has shown a negative growth trend, decreasing from the previous year. Despite a positive EBIT and EBITDA margin in 2024, the large net losses indicate challenges in profitability, affecting the overall financial health. The gross profit margin also declined, reflecting cost pressures or operational inefficiencies.
Balance Sheet
The balance sheet shows a relatively stable equity ratio, which is a positive sign of financial stability. However, the debt-to-equity ratio is high, indicating significant leverage that could pose risks if not managed carefully. Return on equity remains negative due to consistent net losses, highlighting ongoing profitability challenges.
Cash Flow
Operating cash flow has decreased significantly, and the free cash flow is negative, indicating cash constraints. Although there was a substantial investment cash inflow, the free cash flow to net income ratio remains concerning. The company needs to improve its cash flow generation to enhance financial flexibility.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue85.15M116.70M127.80M131.40M127.70M219.90M
Gross Profit90.00M67.20M84.00M87.90M82.90M94.00M
EBITDA54.35M27.80M9.70M17.60M-5.90M-1.64B
Net Income29.75M-526.30M-51.40M-164.20M-429.10M-1.73B
Balance Sheet
Total Assets3.59B3.48B4.33B4.54B4.91B5.91B
Cash, Cash Equivalents and Short-Term Investments554.40M737.90M472.30M218.80M315.10M409.50M
Total Debt1.55B1.52B1.67B1.69B1.87B2.31B
Total Liabilities1.73B1.66B1.87B1.95B2.17B2.70B
Stockholders Equity1.85B1.82B2.46B2.59B2.75B3.21B
Cash Flow
Free Cash Flow48.45M-150.00M19.60M33.20M-91.40M-101.10M
Operating Cash Flow54.15M4.50M38.30M69.60M-70.30M-82.40M
Investing Cash Flow177.50M475.00M261.30M154.10M-11.40M253.10M
Financing Cash Flow-138.80M-211.80M-45.00M-322.70M-363.70M207.50M

Hammerson plc R.E.I.T. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price326.60
Price Trends
50DMA
315.46
Positive
100DMA
302.04
Positive
200DMA
284.83
Positive
Market Momentum
MACD
8.39
Negative
RSI
75.67
Negative
STOCH
93.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HMSO, the sentiment is Positive. The current price of 326.6 is above the 20-day moving average (MA) of 323.47, above the 50-day MA of 315.46, and above the 200-day MA of 284.83, indicating a bullish trend. The MACD of 8.39 indicates Negative momentum. The RSI at 75.67 is Negative, neither overbought nor oversold. The STOCH value of 93.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:HMSO.

Hammerson plc R.E.I.T. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
£4.62B13.237.22%6.67%43.70%40.28%
75
Outperform
£4.13B11.756.14%5.85%-20.83%
73
Outperform
£4.78B19.223.85%6.34%10.69%135.58%
71
Outperform
£306.40M10.566.94%9.66%84.02%53.97%
68
Neutral
£2.82B8.608.66%2.58%-0.04%655.16%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
64
Neutral
£1.85B24.523.09%4.33%16.30%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:HMSO
Hammerson plc R.E.I.T.
348.20
96.90
38.56%
GB:BLND
British Land Company plc
412.80
90.11
27.93%
GB:SHC
Shaftesbury Capital
144.80
31.16
27.42%
GB:LAND
Land Securities Group plc REIT
644.00
145.40
29.16%
GB:LMP
LondonMetric Property
197.70
35.22
21.68%
GB:NRR
NewRiver REIT
71.70
7.89
12.36%

Hammerson plc R.E.I.T. Corporate Events

Regulatory Filings and Compliance
Insider-Related Share Purchase Disclosed at Hammerson
Positive
Dec 22, 2025

Hammerson plc reported that Clare Wilkinson, a person closely associated with executive director and PDMR Rob Wilkinson, has acquired 155,718 ordinary shares in the company at a price of £3.226856 per share on 19 December 2025 via the London Stock Exchange, for a total consideration of approximately £502,480. The transaction, disclosed under UK Market Abuse Regulation and simultaneously released in London, Johannesburg and Dublin, underscores ongoing insider-related share dealings that may be interpreted by investors as a signal of confidence in the company’s prospects and governance transparency.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £3.35 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.

Regulatory Filings and Compliance
Hammerson CEO Rita-Rose Gagné Sells 150,000 Shares in REIT
Neutral
Dec 22, 2025

Hammerson plc has disclosed that its chief executive and executive director, Rita-Rose Gagné, has sold a total of 150,000 ordinary shares of 5 pence each in the company on the London Stock Exchange over two days, 16 and 17 December 2025, at an aggregate price of £3.10326 per share for total proceeds of £465,489.75. The transaction, notified as required under the UK Market Abuse Regulation, indicates a significant personal share disposal by the company’s top executive and has been formally communicated to investors across its main listing venues, underscoring Hammerson’s regulatory compliance and transparency obligations to shareholders.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £3.35 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.

Executive/Board Changes
Hammerson Appoints New CEO with Share Compensation Package
Neutral
Dec 15, 2025

Hammerson plc announced the appointment of Rob Wilkinson as Chief Executive Officer Designate, effective from December 15, 2025, and as CEO from January 1, 2026. To compensate for remuneration arrangements forfeited upon leaving his previous employer, Wilkinson received share awards under Listing Rule 9.3.2, which will vest in stages from 2026 to 2029. This move aligns with the Directors’ Remuneration Policy approved by shareholders, indicating a strategic effort to secure leadership continuity and stability.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £3.35 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.

Regulatory Filings and Compliance
Hammerson Adjusts Share Capital and Voting Rights
Neutral
Dec 11, 2025

Hammerson plc announced the transfer of 868,426 ordinary shares from treasury to cover options under its Restricted Share Scheme, affecting its total voting rights. The company’s issued share capital now consists of 532,054,593 ordinary shares, with 531,622,194 voting rights, a key figure for shareholders to determine their interest notifications under regulatory rules.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £3.35 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.

Executive/Board Changes
Hammerson CEO Exercises Share Options, Sells Shares for Tax Liabilities
Neutral
Dec 11, 2025

Hammerson plc announced that its Chief Executive and Executive Director, Rita-Rose Gagné, exercised her nil-cost options over ordinary shares granted under the company’s Restricted Share Scheme. On December 9, 2025, she sold 416,131 shares to cover tax and national insurance liabilities, retaining 452,295 shares. This transaction, conducted in accordance with the UK Market Abuse Regulation, reflects the company’s ongoing commitment to transparent executive compensation practices and may influence stakeholder perceptions of executive alignment with shareholder interests.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £3.35 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.

Executive/Board Changes
Hammerson plc Announces Directorate Change
Neutral
Dec 3, 2025

Hammerson plc, a real estate investment trust, announced a change in its board of directors. Méka Brunel, a Non-Executive Director, will step down from her role at the end of December 2025. Her contributions to the company, particularly in the Remuneration and Nomination & Governance Committees, have been acknowledged by the Chairman, Robert Noel, who will join the Remuneration Committee starting January 2026. The company confirmed that Brunel will receive her pro-rated fee until her departure, with no additional remuneration or payment for loss of office.

The most recent analyst rating on (GB:HMSO) stock is a Hold with a £343.00 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.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Hammerson Acquires Full Stake in The Oracle, Boosts Earnings Outlook
Positive
Nov 21, 2025

Hammerson plc has announced the acquisition of the remaining 50% interest in The Oracle, a top retail and leisure destination in Reading, UK, from the Abu Dhabi Investment Authority for £104.5 million. This acquisition, alongside strong trading performance and upgraded EPRA earnings guidance, is expected to enhance the company’s financial outlook. The Oracle has seen significant investment and leasing activity, with new flagship stores and increased footfall contributing to a positive financial trajectory. The company’s proactive refinancing and acquisition strategy have strengthened its balance sheet, with expectations of continued growth in 2026 and 2027, supporting its medium-term guidance of an 8-10% EPRA EPS CAGR.

The most recent analyst rating on (GB:HMSO) stock is a Sell with a £245.00 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.

DividendsRegulatory Filings and Compliance
Hammerson plc Reports Director-Related Share Transaction
Neutral
Nov 13, 2025

Hammerson plc announced a transaction involving the purchase of ordinary shares by Shan Annous, a person closely associated with Habib Annous, a Non-Executive Director, under a dividend reinvestment plan. This transaction, conducted on the London Stock Exchange, aligns with the UK Market Abuse Regulation and reflects ongoing shareholder engagement through reinvestment strategies, potentially impacting the company’s market perception and investor relations.

The most recent analyst rating on (GB:HMSO) stock is a Sell with a £245.00 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.

Business Operations and StrategyDividends
Hammerson plc Announces Results of Dividend Reinvestment Plan
Positive
Oct 31, 2025

Hammerson plc has announced the results of its Dividend Reinvestment Plan (DRIP) for the interim cash dividend period ending 31 December 2025. Shareholders on both the UK and South African share registers opted to receive their dividends in the form of shares rather than cash, with 1.30% and 1.31% of the company’s issued share capital respectively choosing this option. This resulted in the purchase and delivery of shares in the market, maintaining the company’s total issued share capital at 532,054,593 shares. The announcement reflects shareholder confidence in the company’s stock and provides insights into the company’s capital management strategy.

The most recent analyst rating on (GB:HMSO) stock is a Sell with a £245.00 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.

Business Operations and StrategyRegulatory Filings and Compliance
Hammerson CFO Exercises Share Options Under Savings Scheme
Positive
Oct 28, 2025

Hammerson plc announced that Himanshu Raja, the Chief Financial Officer and Executive Director, exercised 9,786 options over ordinary shares at a price of £1.8392 per share under the company’s Savings-Related Share Option Scheme. This transaction, in compliance with the UK Market Abuse Regulation, highlights the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting stakeholder confidence positively.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £330.00 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.

Stock BuybackRegulatory Filings and Compliance
Hammerson plc Director Engages in Share Purchase
Neutral
Oct 24, 2025

Hammerson plc announced a transaction involving the purchase of its ordinary shares by Adam Metz, a Non-Executive Director, through a Dividend Reinvestment Plan. This transaction, conducted on the London Stock Exchange, reflects the company’s adherence to the UK Market Abuse Regulation and was also reported on the Johannesburg Stock Exchange and Euronext Dublin. The purchase involves 2,588 shares at a price of £2.978564 per share, totaling £7,708.52.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £330.00 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.

DividendsRegulatory Filings and Compliance
Hammerson Executives Increase Shareholdings Through Dividend Reinvestment
Positive
Oct 23, 2025

Hammerson plc announced transactions involving the purchase of its ordinary shares by key executives under a dividend reinvestment plan. This notification, in compliance with UK Market Abuse Regulation, highlights the confidence of the company’s leadership in its financial health and future prospects, potentially reassuring stakeholders and investors about the company’s stability and growth trajectory.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £330.00 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.

Business Operations and StrategyDividendsRegulatory Filings and Compliance
Hammerson Directors Increase Stake Through Dividend Reinvestment
Positive
Oct 22, 2025

Hammerson plc announced that several of its directors and persons discharging managerial responsibilities have purchased ordinary shares through a Dividend Reinvestment Plan. This move, conducted in compliance with the UK Market Abuse Regulation, reflects the confidence of the company’s leadership in its financial strategies and future prospects. The transactions were executed on the London Stock Exchange, indicating a strategic reinforcement of stakeholder interests and alignment with shareholder value enhancement.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £330.00 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.

Regulatory Filings and Compliance
Hammerson’s PDMR Share Sale Notification
Neutral
Oct 21, 2025

Hammerson plc announced that Alex Dunn, the General Counsel and Company Secretary, sold 9,000 ordinary shares at a price of £2.96959 per share on the London Stock Exchange. This transaction, which aligns with the UK Market Abuse Regulation, was also reported on the Johannesburg Stock Exchange and Euronext Dublin, indicating transparency and compliance with financial regulations.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £330.00 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.

Business Operations and StrategyPrivate Placements and Financing
Hammerson plc Issues EUR 350 Million Notes Due 2032
Neutral
Oct 16, 2025

Hammerson plc has announced the issuance of EUR 350 million in 3.500% notes due in 2032, under its EUR 5 billion Euro Medium Term Note Programme. This move is part of the company’s strategic financial management, potentially impacting its liquidity position and offering insights into its long-term financial planning. The issuance is expected to be of interest to investors and stakeholders monitoring Hammerson’s financial strategies and market positioning.

The most recent analyst rating on (GB:HMSO) stock is a Hold with a £302.00 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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 07, 2025