Hammerson remains in the headlines. Yesterday’s biggest FTSE faller, with a drop of more than a fifth, saw a notable 16% jump in shares today to 77.38p, making it one of the day’s top risers. The company is still the most shorted real estate stock in the UK.
Schroder Real Investment Trust was also among the top gainers for the day – third in the FTSE risers behind Hammerson in second place. The trust closed up 15% at 38.85p.
Regional REIT, which assured investors today that its quarterly rent collections are largely in line with a year ago, saw a near-5% rise.
St Modwen, which has revealed its decision to furlough 200 employees and top-up their salaries during this period, was up more than 2%.
Capital & Regional, which said that it has received only about half of the rent due from tenants in its shopping centres, closed almost flat.
The FTSE 100 gained almost 2% at 5,671, while the FTSE 250 finished the day up more than 3% at 15,101.
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