Hammerson H1 IFRS profit falls to £56 million; EPRA earnings climb 33% to £64 million

• Hammerson posted IFRS profit of £56 million for the six months ended June 30, 2026, down 29% year-on-year.
• EPRA earnings climbed 33% to £64 million, lifting EPRA EPS 22% to 12.1p; interim dividend rose 22% to 9.67p.
• Total net rental income jumped 40%, while like-for-like net rental income increased 5%; portfolio value stood at £3.6 billion and EPRA NTA was unchanged at £3.94.
• It agreed to buy 50% of Manchester Arndale for a headline price of £218 million at a topped-up net initial yield of 7.8%, funded by an associated equity placing.
• FY26 EPRA earnings guidance was raised to about £132 million, implying growth of about 27% versus FY25, including £7 million from the Arndale deal.

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