TG盗号软件全功能破解技术|【唯一TG:@heimifeng8】|长沙换USDT转账✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Malls giant Hammerson reports "strong" first half
Nigel TAYLOR Published
July 27,TG盗号软件全功能破解技术 2025
Confidence has been a commodity in short supply in the costs-hit UK property market (particularly among shareholders), but one of the sector’s key retail businesses bucking the trend is Hammerson.
Ok, the Bullring, Birmingham, and the Dundrum Town Centre, Dublin, malls owner did report a ‘modest’ £1.2 million loss in its latest six months, against a year ago against a year-ago’s £50.3 million profit.
But in the scheme of things in this high-interest-rate environment, results for the half were “strong” with revenues rising 8%. Importantly, it said it was “looking to the future with confidence”, and its shares responded positively, rising almost 3% Thursday.
Hammerson’s loss wasn’t helped by having to dispose of its stakes in Croydon and Paris shopping centre developments.
But there were “robust” trading figures too with six-month adjusted earnings rising 15% to £56 million.
That’s down to the strong leasing momentum it enjoyed in 2025 that continued into the first half of 2025 “and we have a strong pipeline for the second half”, it noted.
Hammerson said footfall and like-for-like sales “remain strong”, with the former up 4% year-on-year (the UK up 2% and Ireland 7% ahead), and the latter up 3% in the UK with Ireland at +2%.
It cited 134 leasing deals concluded in the period representing £18.3 million of headline rent, up 13% on a like-for-like basis.
And the leasing pipeline is “strong” for the second half, with a further £15 million deals in solicitors' hands, it noted.
Add to that flagship occupancy that was up, albeit only by a modest 1%, but not bad when you consider it stands at 95% while rent collection for the half-year stands at 98%.
Also, it saw 156 leases signed and 55 new openings, while footfall and sales were up 13% and 14% year-on-year respectively.
But the group portfolio value has fallen to £4.7 billion from £5.1 billion a year ago, although it noted that values “remained broadly stable”.
Chief executive Rita-Rose Gagné said: “Our core portfolio continues to attract the best occupiers which, combined with our emphasis on commercialisation and placemaking, is creating exceptional destinations for customers.”
And the outlook? “Whilst the macroeconomic outlook remains uncertain, we have strong leasing and operational momentum and are well placed to deliver another year of robust adjusted earnings and cash flow. We have maintained our strong operational grip on the business and are on track for both our cost reduction and disposals targets,” Gagné added.