UK's Hammerson swings to FY25 profit on rental income growth

Hammerson

25/02/2026 07:12

Overview

UK retail property investor's FY25 net rental income up 23% to £180m

EPRA earnings grew 5% to £104m, EPS up 4%

Company reported IFRS profit of £232m, reversing a prior year loss

Outlook

Hammerson expects FY26 net rental income growth of c.20%

Company anticipates FY26 EPRA earnings growth of c.15%

Hammerson projects FY26 EPS growth of c.10%

Result Drivers

NET RENTAL INCOME GROWTH - Hammerson's net rental income rose 23% to £180m, driven by active asset management and record leasing activity

PORTFOLIO VALUE INCREASE - Portfolio value increased 33% to £3.5bn due to acquisitions and yield compression

LEASING ACTIVITY - Record leasing of £51m, up 18% like-for-like, reflecting high demand for prime space

Company press release: ID:nRSY2505Ua

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
GBP 232 mln
FY Basic EPS
GBP 0.46


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 5 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Hammerson PLC is GBp350.00, about 0.3% above its February 24 closing price of GBp349.00

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)