Edition:
India

Hammerson FY Adjusted Profit £214.0 mln Versus £240.3 mln


Tuesday, 25 Feb 2020 

Feb 25 (Reuters) - Hammerson PLC ::FINAL 2019 DIVIDEND OF 14.8P AND FULL YEAR 2019 DIVIDEND OF 25.9P, IN LINE WITH 2018.EXPECTS TO RECOMMEND A FULL YEAR DIVIDEND OF 14.0P FOR 2020.FY GROUP OCCUPANCY AT 97.2% (FY2018: 97.2%).FY NET RENTAL INCOME £308.5M VERSUS £347.5M.FY ADJUSTED PROFIT £214.0M VERSUS £240.3M.WITH OUTLOOK FOR UK RETAIL MARKET REMAINING UNCERTAIN, WE BELIEVE WE SHOULD MAINTAIN OUR FOCUS ON REDUCING DEBT DURING 2020.FY EPRA NET ASSET VALUE PER SHARE £6.01 VERSUS £7.38.