Financial PerformanceThe business has recovered more strongly than expected, driven by higher contributions from variable revenues such as parking and specialty leasing.
Share PerformanceYear-to-date, Hammerson shares are up 12%, easily outperforming the ERRA UK REIT Index, which is flat YTD.
Transformational ChangesHammerson's £595m sale of Value Retail investments marks a new era for the company, allowing it to focus on growing rents and buying-out JV partners using balance sheet capacity created by non-core sales.