JAMES CARSWELL | PEEL HUNT
Value Retail is the reason Hammerson’s results show it is outperforming its retail property peers – the valuation was down slightly in the first half excluding Value Retail but when included its valuation is up. The rise in dividend is also worth noting as it shows management are quite confident in the earnings outlook.
JOHN CAHILL INVESTEC
Hammerson’s half year results show a decent performance with strong earnings growth, and development surpluses outweighed a fall in the investment portfolio. Excellent developments yet to come, but I am cautious on the outlook for prime retail property values.
NICK BUBB INDEPENDENT ANALYST
This is a big week in the world of retail property landlords and Hammerson has kicked things off with its interims [yesterday]... The performance of its current portfolio is a bit lacklustre (retail sales at their UK centres fell by 0.4 per cent), but its ever-increasing interest in Value Retail is still doing well.