Hammerson (HMSO)

Sector:

Property Investment Trusts

Index:

FTSE 250

248.60p
   
  • Change Today:
      2.60p
  • 52 Week High: 322.45
  • 52 Week Low: 240.00
  • Currency: UK Pounds
  • Shares Issued: 487.42m
  • Volume: 993,327
  • Market Cap: £1,211.73m
  • 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 248.60p
Change Today 2.60p
% Change 1.06 %
52 Week High 322.45
52 Week Low 240.00
Volume 993,327
Shares Issued 487.42m
Market Cap £1,211.73m
RiskGrade 385

Hammerson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.04% above the market average80.04% above the market average80.04% above the market average80.04% above the market average80.04% above the market average
92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average
Price Trend
24.64% below the market average24.64% below the market average24.64% below the market average24.64% below the market average24.64% below the market average
44.83% below the sector average44.83% below the sector average44.83% below the sector average44.83% below the sector average44.83% below the sector average
Income
36.76% above the market average36.76% above the market average36.76% above the market average36.76% above the market average36.76% above the market average
65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average
Growth
83.82% below the market average83.82% below the market average83.82% below the market average83.82% below the market average83.82% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

Hammerson Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Apr-25 22-Aug-24
Paid 03-Jun-25 30-Sep-24
Amount 8.07p 0.76p

Trades for 03-Apr-2025

Time Volume / Share Price
14:53 0 @ 245.80p
16:35 19,153 @ 248.60p
16:35 1,799 @ 248.60p
16:35 295,508 @ 248.60p
16:35 1,043 @ 248.60p

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