Hammerson has maintained its dividend at 11.1p.
Key financials
EPS & dividend: Adjusted EPS of 14.0p (-7.3%) impacted by the on-going disposal programme; interim dividend of 11.1p unchanged.
Lfl NRI: Group -0.1%; UK flagship destinations -6.8% impacted by CVAs and administrations; premium outlets +11.1%
NAVPS & portfolio valuations: H1 NAVPS of £6.85 (-7.2%); Low transaction volumes and a weak UK retail market impacted portfolio valuations. The Group produced a capital return of -4.4%; UK flagships -9.1%; Premium outlets +4.5%; French flagships -3.9%; Ireland flagships -3.2% and retail parks -10.9%
