Hammerson presented its full year financial results for the twelve months ending 31 December 2025 on 25 February 2026.
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HAMMERSON plc – FULL YEAR 2025 RESULTS
Delivering strong growth in net rental income, earnings, dividend and NTA
Well positioned for growth in FY26 and beyond
Hammerson, which invests in and manages prime retail-led city destinations in the UK, France and Ireland, today announces full year results for the year ended 31 December 2025.
Highlights:
- Increasing our scale with total net rental income of £180m up 23%, portfolio value up 33% to £3.5bn
- Like-for-like net rental income up 3% driven by active asset management and record leasing activity
- EPRA earnings growth of 5% to £104m, EPS 20.7p up 4%
- EPRA NTA per share up 6% to £3.94, reflecting positive income and capital returns
- IFRS profit of £232m (FY24: £526m loss) driven by EPRA earnings and net revaluation gain of £120m
- Total accounting return of 11%
- Sustainable and resilient balance sheet, with 39% LTV and 8.1x annualised net debt:EBITDA
- Final dividend of 8.56p, up 6%; full year dividend 16.50p, up 6%
- FY26 outlook: total net rental income growth of c.20%; EPRA earnings growth of c.15%, EPRA EPS growth c.10%
Rob Wilkinson, Chief Executive of Hammerson, commented:
“I’m excited to be leading Hammerson as we embark on our next phase of growth. These strong results are testament to the quality of our unique portfolio, our integrated pure-play platform, and the hard work of our teams. The success of best-in-class retail-led city destinations is evident in our record leasing at positive spreads, very high occupancy, and growing footfall and sales, leading to rental growth.
We will maintain our focus on our ongoing active asset management and targeted leasing. This gives us high visibility of our income streams. We have a clear line of sight to growth in rental income, earnings and dividend in FY26 and beyond, with multiple paths for growth, further increasing our scale and value creation.”