Hammerson (LON:HMSO) Posts Quarterly Earnings Results

Hammerson (LON:HMSO) posted its quarterly earnings results on Wednesday. The real estate investment trust reported GBX 46 EPS for the quarter, Digital Look Earnings reports. Hammerson had a negative net margin of 346.30% and a negative return on equity of 25.94%.

Here are the key takeaways from Hammerson’s conference call:

• Strong FY25 results and clear 2026 guidance — net rental income rose 23% to £180m, portfolio value is up ~33% to >£3.5bn, NTA increased 6% to £3.94, and management guides to ~20% NRI growth and ~15% EPRA earnings growth for 2026.
• Operational momentum — occupancy at 96%, footfall +3m to 170m, record new leasing >£50m (adding ~£260m to first break) and a strong leasing pipeline supporting further rent upside.
• Stronger balance sheet and accretive M&A — ~£760m invested to buy out JV partners at yields >7.5%, LTV ~39%, ~£1bn liquidity and upgraded credit ratings, leaving capacity for disciplined acquisitions.
• Dividend and earnings linkage — dividend increased 6% with an 80–85% payout ratio and management intends dividends to grow as earnings rise.
• Key risks — management highlighted macro/consumer weakness (notably UK and France) and noted future growth depends on continued successful repositionings, leasing uplifts and accretive deals, so delays or weaker markets could hurt the outlook.

Hammerson Stock Up 5.8%

Shares of Hammerson stock traded up GBX 20.20 during midday trading on Wednesday, hitting GBX 369.20. The company’s stock had a trading volume of 2,512,761 shares, compared to its average volume of 2,660,865. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77. Hammerson has a 1-year low of GBX 219.20 and a 1-year high of GBX 371. The stock has a 50-day simple moving average of GBX 341.25 and a 200-day simple moving average of GBX 313.34. The firm has a market capitalization of £1.96 billion, a P/E ratio of 26.37, a PEG ratio of 1.68 and a beta of 2.30.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HMSO shares. Jefferies Financial Group boosted their target price on Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a research report on Tuesday, October 28th. Berenberg Bank lifted their price objective on shares of Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a report on Tuesday, January 27th. Panmure Gordon restated a “buy” rating and issued a GBX 330 target price on shares of Hammerson in a research note on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a research note on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hammerson presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 339.83.

Insider Transactions at Hammerson

In other Hammerson news, insider Rob Wilkinson bought 155,718 shares of the stock in a transaction on Friday, December 19th. The shares were purchased at an average cost of GBX 323 per share, with a total value of £502,969.14. Also, insider Rita-Rose Gagné sold 126,260 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of GBX 309, for a total transaction of £390,143.40. Insiders have sold a total of 542,391 shares of company stock valued at $167,046,462 over the last ninety days. Company insiders own 10.27% of the company’s stock.

Hammerson Company Profile

Hammerson is a cities business. An owner, operator and developer of prime urban real estate, with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in the UK, Ireland and France. Our portfolio and adjacent lands leverage our experience and capabilities to create and manage exceptional city centre destinations with the opportunity to drive value and reshape entire neighbourhoods. Our assets are high profile and play an important role in our communities, welcoming c.