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Hammerson plc R.E.I.T. (GB:HMSO)
LSE:HMSO
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
9.5Last Year’s EPS
10Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -14.31%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with strong balance sheet improvements, revenue growth, and operational efficiency being major highlights. However, challenges such as the decline in Irish valuations, a drop in reported GRI, and a significant IFRS loss were notable lowlights. The company expressed confidence in its strategic positioning and future growth potential.Company Guidance
During the 2024 fiscal year, the company reported significant progress in its strategic realignment and operational performance, achieving a 30% LTV post-reinvestment in the Westquay asset. The leasing activity showed strong results with 262 leases signed on 1 million square feet of space, generating GBP 41 million of rent, a 2% increase like-for-like, and contributing to a long-term visible income stream with GBP 255 million of rent contracted to first break. The company reduced vacancy to less than 5% and achieved long-term deals 56% above previous passing rent and 13% ahead of ERV, resulting in an additional GBP 8 million of passing rent. Valuations increased by 4.2% in the U.K. and 1.5% in France, while Ireland saw a 13% decrease due to a distressed debt sale. Sales grew by 5% in the U.K. and 3% in France, with standout performances like Bullring achieving 11% sales growth. The company also reported a 3% like-for-like GRI growth, excluding assets under repositioning, and adjusted earnings of GBP 99 million, supported by a 16% reduction in costs. Looking ahead, the company anticipates further growth from investments and ongoing acquisitions, with an entry run rate of adjusted earnings at GBP 85 million for 2025, reflecting a disciplined approach to capital allocation and a strong balance sheet with a net debt-to-EBITDA of 5.8x.Strong Balance Sheet and Revenue Growth
The company reported a strong balance sheet with an LTV of 30% and significant revenue growth in key areas. Leasing performance was robust with 262 leases signed on 1 million square feet of space generating GBP 41 million of rent, up 2% like-for-like.
Increased Footfall and Sales Performance
The company welcomed 170 million visitors, with footfall up 2%. Sales performance was up 5% in the U.K. and 3% in France. Bullring reported an 11% increase in sales growth, standing out among its peer group.
Operational Efficiency and Cost Reduction
Operational costs were reduced by 16% year-on-year, surpassing guidance. Adjusted earnings came in at GBP 99 million, supported by a 4% increase in dividends.
Positive Leasing and Rental Growth
Leasing activities in January and February 2025 generated more than GBP 9 million, at 10% above previous passing and 11% over ERV. Long-term deals were signed 56% above previous passing and 13% ahead of ERV.
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GB:HMSO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:HMSO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | 289.40p | 272.40p | -5.87% |
| Jul 25, 2024 | 288.67p | 277.58p | -3.84% |
| Feb 29, 2024 | 234.58p | 240.45p | +2.50% |
| Jul 27, 2023 | 233.62p | 240.97p | +3.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hammerson plc R.E.I.T. (GB:HMSO) report earnings?
Hammerson plc R.E.I.T. (GB:HMSO) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Hammerson plc R.E.I.T. (GB:HMSO) earnings time?
Hammerson plc R.E.I.T. (GB:HMSO) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Hammerson plc R.E.I.T. stock?
The P/E ratio of Hammerson plc R.E.I.T. is N/A.
What is GB:HMSO EPS forecast?
GB:HMSO EPS forecast for the fiscal quarter 2025 (Q2) is 9.5.
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