Hammerson lost a quarter of its stock market value in trading today, taking the landlord to a record low.
The REIT, which recorded the FTSE’s steepest drop of the day, fell by 18p, or 25%, to close at 53.92p. The fall ends a volatile week for the stock, which said it has received only a little more than a third of the rent due from tenants across its UK portfolio, and said it has received “a variety of requests for rent deferrals, monthly payments and waivers”.
Great Portland Estates, which today said it had collected 63% of its quarterly rent and has suspended work at two of its three development sites, was down by 6% at 619.4p.
The FTSE 100 lost 1.2% at 5,415, while the FTSE 250 closed down 2.3% at 14,099.
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