ANALYST VIEWS: HOW GOOD WERE HAMMERSON’S RESULTS?

first_imgMonday 21 February 2011 8:23 pm ANALYST VIEWS: HOW GOOD WERE HAMMERSON’S RESULTS? HARM MEIJER JP MORGAN CAZENOVEHammerson’s full-year results were better than expected, a similar trend seen with peers, as assets with quality income continue to surprise to the upside, in line with one of our main investment themes. We remain ‘overweight’, given the continued strong demand for prime assets and its modest loan to value ratio of 32 per cent.TINA COOK CHARLES STANLEYWhile earnings were largely in line, the positive share price reaction is driven by the rise in net asset value, which was well ahead of expectations. The company recognises ongoing pressure on retailers in challenging economic conditions, but its prime portfolio, diverse tenant base and geographic spread leaves it well placed.MATTHEW CHURSTAIN PEEL HUNTIt was better than expected. There is still a little bit of concern over the rents of their City assets, but that is likely to resolve itself in the growth and the shortage of space over the next few years. Hammerson has also got a number of development assets, and is set for more positive news if it can get pre-lets for those properties. Share KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldcenter_img Show Comments ▼ whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tags: NULLlast_img

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