Hammerson: FY17 adjusted EPS rises 6.5 percent

In 2017, Hammerson Plc said that adjusted EPS increased by 1.9 pence or 6.5 percent to 31.1p driven by increased net rental income, particularly from its Irish shopping centres, higher earnings from the company’s premium outlets and favourable foreign exchange movements partly offset by income foregone from property disposals during 2016 and 2017. Like-for-like NRI grew by 1.7 percent slightly below the company’s target of 2 percent. Income at its UK and French shopping centres grew by 1.8 percent and 2.6 percent respectively, while NRI at Hammerson’s UK retail parks fell by 2.5 percent.