Financial PerformanceThe business has recovered more strongly than expected, driven by a higher contribution from variable revenues such as parking and specialty leasing.
Investment OpportunitiesThe company has scope for a share buyback programme up to £140m, which is assumed will be completed over the remainder of FY24 and into FY25.
Market PerformanceYear-to-date, Hammerson shares are up 12%, easily outperforming the ERRA UK REIT Index, which is flat YTD.