Hammerson (HMSO)

Sector:

Property Investment Trusts

Index:

FTSE 250

27.18p
   
  • Change Today:
      0.20p
  • 52 Week High: 29.78
  • 52 Week Low: 20.90
  • Currency: UK Pounds
  • Shares Issued: 4,989.26m
  • Volume: 294,711
  • Market Cap: £1,356.08m
  • RiskGrade: 385

Hammerson to sell Aberdeen shopping centre for £111m

By Michele Maatouk

Date: Monday 26 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Hammerson said on Monday that it has agreed the sale of Aberdeen shopping centre Union Square to an affiliate of Lone Star Real Estate Fund VI for £111m in cash.
Completion of the sale of the 52,000m centre is expected to occur in the first quarter of this year.

The price represents an 8% discount to 31 December 2023 book value of £121m and a net initial yield of 11%.

Proceeds from the disposal will further strengthen the balance sheet by reducing net debt and provide additional capacity for reinvestment into the core portfolio, Hammerson said.

"As part of Hammerson's strategic re-alignment of its portfolio, the sale of Union Square concludes the £500m non-core disposal programme, as outlined at the start of 2022," it added.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hammerson Market Data

Currency UK Pounds
Share Price 27.18p
Change Today 0.20p
% Change 0.74 %
52 Week High 29.78
52 Week Low 20.90
Volume 294,711
Shares Issued 4,989.26m
Market Cap £1,356.08m
RiskGrade 385

Hammerson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.61% above the market average38.61% above the market average38.61% above the market average38.61% above the market average38.61% above the market average
76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average
Price Trend
34.10% above the market average34.10% above the market average34.10% above the market average34.10% above the market average34.10% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Income
73.72% above the market average73.72% above the market average73.72% above the market average73.72% above the market average73.72% above the market average
52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average
Growth
25.11% below the market average25.11% below the market average25.11% below the market average25.11% below the market average25.11% below the market average
7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average

What The Brokers Say

Strong Buy 1
Buy 5
Neutral 3
Sell 3
Strong Sell 3
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hammerson Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 24-Aug-23
Paid 10-May-24 02-Oct-23
Amount 0.78p 0.72p

Trades for 29-Apr-2024

Time Volume / Share Price
12:38 1,817 @ 27.15p
12:15 11 @ 27.14p
12:13 700 @ 27.18p
12:12 1,714 @ 27.16p
12:12 325 @ 27.16p

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