|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.2650 - 0.2650|
|52-week range||0.2550 - 0.5750|
|Beta (5Y monthly)||2.01|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.00 (1.90%)|
|Ex-dividend date||31 Mar 2022|
|1y target est||N/A|
Bullring owner seeks to reinvent its shopping centres after £429m loss. Hammerson says in future as much as a fifth of its portfolio could have switched to non-retail uses
Mall owners such as Hammerson have struggled with low rent collections during the pandemic as tenants, including retailers and restaurants, suffer from a drop in footfall due to pandemic restrictions and a shift to online shopping. Hammerson said it expected adjusted earnings for the full-year to be not less than 60 million pounds ($79.94 million).
(Reuters) -British mall operator Hammerson reported an improvement in adjusted earnings for the first half compared with a crisis-hit 2020, but warned on Thursday that footfall was yet to rebound to levels seen before the pandemic. Hammerson, like other mall operators that are heavily exposed to non-essential retail tenants, was battered by months of COVID-19 lockdowns over the past year and a half. Hammerson and its rival British Land have said they will no longer give rent concessions to tenants.