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

• Market Cap: £1.53B
• Dividend Yield: 4.89%
• Average Volume (3M): 871.78K
• Price to Earnings (P/E): 20.3
• Beta (1Y): 1.50
• Revenue Growth: 16.30%
• EPS Growth: N/A
• Country: UK
• Employees: 125
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.10
• Shares Outstanding: 530,753,800
• 10 Day Avg. Volume: 717,911
• 30 Day Avg. Volume: 871,778
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 11.90
• P/FCF Ratio: -9.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £291.00
• Price Target Upside: 2.03% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 54 Neutral
• Price Target: 287.00p ▲(0.63% Upside)

The overall stock score is primarily influenced by financial performance challenges, including profitability and cash flow issues. Technical analysis suggests neutral to bearish momentum, while valuation metrics indicate moderate attractiveness with a decent dividend yield. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

A revenue growth rate of over 16% indicates strong demand and effective portfolio management, suggesting potential for future expansion.

Portfolio Diversification

Hammerson's diversified portfolio across multiple European markets reduces geographic risk and enhances resilience against localized downturns.

Strategic Asset Management

Focused asset management and redevelopment projects can increase property value and rental potential, supporting long-term revenue growth.

Negative Factors

High Leverage

High leverage poses financial risks, potentially limiting flexibility and increasing vulnerability to interest rate changes or economic downturns.

Profitability Challenges

Ongoing profitability issues, reflected in net losses and negative ROE, could hinder investment capacity and shareholder returns.

Cash Flow Constraints

Decreasing operating cash flow and negative free cash flow limit financial flexibility, potentially affecting operational and strategic initiatives.

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

Company Description

At 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 Money

Hammerson generates revenue primarily through rental income from its diverse portfolio of retail properties. The company leases space to a wide range of tenants, including major retailers, restaurants, and entertainment providers, which contributes to a stable income stream. Additionally, Hammerson may realize revenue through property development projects, where it invests in expanding or upgrading its properties, thus increasing their value and rental potential. The company also benefits from strategic partnerships with retailers and other stakeholders, which can enhance tenant mix and footfall in its shopping centers. Other factors contributing to its earnings include asset disposals, where Hammerson sells properties to reinvest in higher-performing assets, and potential income from ancillary services associated with its properties.

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

Summary

Hammerson plc 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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	85.15M	116.70M	127.80M	131.40M	127.70M	219.90M
Gross Profit	90.00M	67.20M	84.00M	87.90M	82.90M	94.00M
EBITDA	54.35M	27.80M	9.70M	17.60M	-5.90M	-1.64B
Net Income	29.75M	-526.30M	-51.40M	-164.20M	-429.10M	-1.73B
Balance Sheet
Total Assets	3.59B	3.48B	4.33B	4.54B	4.91B	5.91B
Cash, Cash Equivalents and Short-Term Investments	554.40M	737.90M	472.30M	218.80M	315.10M	409.50M
Total Debt	1.55B	1.52B	1.67B	1.69B	1.87B	2.31B
Total Liabilities	1.73B	1.66B	1.87B	1.95B	2.17B	2.70B
Stockholders Equity	1.85B	1.82B	2.46B	2.59B	2.75B	3.21B
Cash Flow
Free Cash Flow	48.45M	-150.00M	19.60M	33.20M	-91.40M	-101.10M
Operating Cash Flow	54.15M	4.50M	38.30M	69.60M	-70.30M	-82.40M
Investing Cash Flow	177.50M	475.00M	261.30M	154.10M	-11.40M	253.10M
Financing Cash Flow	-138.80M	-211.80M	-45.00M	-322.70M	-363.70M	207.50M

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

• Technical Analysis Sentiment: Negative
• Last Price: 285.20
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HMSO, the sentiment is Negative. The current price of 285.2 is below the 20-day moving average (MA) of 288.99, below the 50-day MA of 285.48, and above the 200-day MA of 267.40, indicating a neutral trend. The MACD of 1.54 indicates Positive momentum. The RSI at 47.30 is Neutral, neither overbought nor oversold. The STOCH value of 49.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:HMSO.

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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BBOX	79 Outperform	£3.65B	8.58	9.42%	5.40%	35.06%	127.62%
DLN	70 Outperform	£1.97B	8.26	6.80%	3.86%	2.30%	―
BLND	69 Neutral	£3.54B	10.07	6.14%	6.50%	-20.83%	―
LAND	68 Neutral	£4.46B	11.28	6.13%	5.58%	0.97%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SHC	65 Neutral	£2.75B	8.36	8.66%	2.66%	-0.04%	655.16%
HMSO	54 Neutral	£1.53B	20.30	3.09%	4.89%	16.30%	―

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

Hammerson Appoints Rob Wilkinson as New CEO

Hammerson plc has announced the appointment of Rob Wilkinson as its new Chief Executive Officer, effective January 1, 2026. Wilkinson, who brings 30 years of experience in real estate investment, will succeed Rita-Rose Gagné, who is set to retire after leading a major turnaround and restructuring at Hammerson. This leadership transition is expected to continue the company’s growth trajectory and enhance shareholder value.

The most recent analyst rating on (GB:HMSO) stock is a Hold with a £270.00 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.

Hammerson plc Releases Supplementary Prospectus for £5 Billion EMTN Programme

Hammerson plc has published a supplementary prospectus for its £5 billion Euro Medium Term Note Programme, which has been approved by the Financial Conduct Authority. This publication is a significant step in the company’s financing strategy, potentially enhancing its financial flexibility and market positioning, which could have implications for stakeholders and investors.

The most recent analyst rating on (GB:HMSO) stock is a Hold with a £270.00 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.

Hammerson Announces Total Voting Rights and Share Capital Update

Hammerson plc announced its total issued share capital as of August 29, 2025, which consists of 532,054,593 ordinary shares, with 1,300,825 shares held in treasury. The total number of voting rights is 530,753,768, which shareholders should use to determine their notification requirements under relevant financial regulations.

The most recent analyst rating on (GB:HMSO) stock is a Hold with a £301.00 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.

Hammerson plc Announces Interim Dividend and Reinvestment Plan

Hammerson plc announced an interim dividend of 7.94 pence per ordinary share for the period ending December 31, 2025, to be treated as a Property Income Distribution subject to a 20% UK withholding tax. The dividend is payable on October 16, 2025, with a Dividend Reinvestment Plan available for shareholders preferring shares over cash. The announcement highlights the tax implications for South African shareholders, including the potential to reclaim a portion of the withholding tax under the UK/South African Double Tax Treaty, impacting the net dividend received.

The most recent analyst rating on (GB:HMSO) stock is a Hold with a £301.00 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.

Hammerson Completes Share Placing and Updates Voting Rights

Hammerson plc has successfully completed a non-pre-emptive placing of 48,253,994 ordinary shares, with a portion placed with South African Qualifying Investors. These shares have been admitted to trading on major exchanges including the London Stock Exchange, Euronext Dublin, and the JSE Limited. As a result, Hammerson’s total issued share capital now consists of 532,054,593 ordinary shares, with 530,753,768 voting rights. This development is significant for shareholders as it affects their calculations for notifying changes in their shareholding under regulatory requirements.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £350.00 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.

Hammerson Secures Multi-Exchange Listing for New Share Placement

Hammerson plc has announced the successful application for the admission of 48,253,994 ordinary shares, following a non-pre-emptive placing, to be listed on the London Stock Exchange, Euronext Dublin, and the Johannesburg Stock Exchange. This move is expected to enhance the company’s market presence and liquidity, with trading set to commence on August 15, 2025, potentially impacting its operations and stakeholder interests positively.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £350.00 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.

Hammerson Secures SARB Approval for Share Listing

Hammerson plc has announced that the South African Reserve Bank has approved the inward listing of 48,253,994 ordinary shares following a successful non-pre-emptive placing. This approval allows for the shares to be listed on multiple exchanges, including the London Stock Exchange, Euronext Dublin, and the Johannesburg Stock Exchange, enhancing the company’s market reach and potentially increasing its investment appeal.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £4.21 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.