Hammerson NAV beats expectations at 394p in FY25 results
#Hammerson #Net Asset Value #FY25 Results #Retail Property #European Portfolio #Rental Income #Occupancy Rates #Financial Recovery
📌 Key Takeaways
- Hammerson reported FY25 NAV of 394p, beating analyst estimates
- Total net rental income increased 23% to £180 million
- Company reversed previous losses with £232 million IFRS profit
- Occupancy rates improved to 96% with strong footfall across markets
- 2026 forecasts show continued growth across key financial metrics
📖 Full Retelling
Hammerson, the UK-based property company, reported a net asset value of 394 pence per share for the full year 2025 results, surpassing analyst expectations and demonstrating strong performance across its European portfolio, according to findings published on February 25, 2026. The company exceeded both Jefferies' estimate of 374 pence and the consensus estimate of 379 pence, highlighting a robust recovery and strategic positioning in the European retail property market.
The financial results revealed significant improvements across multiple metrics, with total net rental income reaching £180 million, marking a 23% increase year-on-year. Hammerson's portfolio values rose by 4% to £3.5 billion, supported by strong footfall across its locations. The company outperformed benchmarks in key markets, with UK footfall up 2% against a 3% industry decline, France up 4% versus a 1% benchmark increase, and Ireland up 0.4% compared to a 1% benchmark decline. Occupancy rates improved by 1% to 96%, with six out of ten flagship destinations achieving at least 98% occupancy, driven by effective asset management and record leasing activity.
Hammerson's financial health showed substantial improvement, reversing the previous year's losses. The company reported an IFRS profit of £232 million, contrasting sharply with the prior year's £526 million loss attributed to portfolio valuation shifts. EPRA earnings increased 5% to £104 million, with earnings per share rising 4% to 20.7 pence, beating Jefferies' estimate of 20.3 pence. The dividend for the year increased by 6% to 16.5 pence, exceeding the analyst forecast of 16.2 pence. Looking ahead, Hammerson provided optimistic guidance for the 2026 financial year, forecasting approximately 20% net rental income growth, approximately 15% EPRA earnings growth, and approximately 10% earnings per share growth.
🏷️ Themes
Financial Performance, Real Estate Market, Corporate Recovery
📚 Related People & Topics
Net asset value
Net value of an entity calculated as total value of its assets minus value of liabilities
Net asset value (NAV) is the value of an entity's assets minus the value of its liabilities, often in relation to open-end, mutual funds, hedge funds, and venture capital funds. Shares of such funds registered with the U.S. Securities and Exchange Commission are usually bought and redeemed at their ...
Hammerson
British real estate company
Hammerson PLC is a major British property development and investment company. The firm switched to real estate investment trust (REIT) status when they were introduced in the United Kingdom in January 2007. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index; it is a...
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry AMD stock surges 14% on Meta AI partnership deal Gold prices rise 1% as tariff jitters aid haven demand; silver, platinum rally Bitcoin slips, wipes out 50% from October record high at session low Wall Street ends higher on tech rebound ahead of State of the Union address (South Africa Philippines Nigeria) Hammerson NAV beats expectations at 394p in FY25 results By Investing.com Editor Maria Ponnezhath Stock Markets Editor Maria Ponnezhath Published 02/25/2026, 03:08 AM Hammerson NAV beats expectations at 394p in FY25 results 0 HMSO 4.36% Investing.com -- Hammerson reported a net asset value of 394 pence per share for the full year 2025, surpassing Jefferies’ estimate of 374 pence by 20 pence, according to research published Wednesday. The consensus estimate stood at 379 pence. Total net rental income reached £180 million, up 23%, while portfolio values rose 4% to £3.5 billion. The company reported strong footfall across its locations, with the UK up 2% against a benchmark decline of 3%, France up 4% versus a 1% benchmark increase, and Ireland up 0.4% compared to a 1% benchmark decline. Occupancy increased 1% to 96%, with six out of ten flagship destinations achieving at least 98% occupancy. Like-for-like net rental income grew 3%, driven by asset management and record leasing activity. EPRA earnings increased 5% to £104 million, with earnings per share up 4% to 20.7 pence, compared to Jefferies’ estimate of 20.3 pence. EPRA net tangible assets per share rose 6% to £3.94. IFRS profit reached £232 million, reversing last year’s £526 million loss attributed to portfolio valuation shifts. Total accounting return hit 11%. The balance sheet showed a loan-to-value ratio of 39% with Fitch upgrading the Senior Unsecured rating to A-. Net Debt to EBITDA stood at 8.1 times. The dividend for the year increased 6% to 16.5 pence, compared to Jefferies’ estimate of 16.2 pence. For the 2026 financial year, Hammerson forecas...
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