Hammerson adjusted earnings rise as net loss narrows

Retail property owner Hammerson reported a rise in adjusted earnings as the easing of Covid restrictions saw a rebound of footfall to its shopping centres.
The company on Friday reported earnings of ยฃ81m, up from ยฃ37m a year ago. Gross rental income fell to ยฃ241.6m from ยฃ287m due to disposals during the year. Hammerson’s loss for the year on an IFRS basis narrowed to ยฃ430m form ยฃ1.7bn.

Hammerson declared a final dividend of 0.2p a share, with a scrip dividend alternative of 2p, in line with a year earlier.

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