Hammerson lost more than a fifth of its market value today, its shares closing down 22% at 66.64p – making the company the biggest faller across the FTSE All-Share.
The shopping centre owner gave the market an update on its performance during the coronavirus crisis. It has received just 37% 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”.
Hammerson also pulled guidance on its financial results and is no longer recommending a final dividend of 14.8p per share.
Rival shopping centre owner intu Properties closed almost flat at 4.5p.
BMO Real Estate Investments and BMO Commercial Property Trust were both among the day’s biggest risers, closing up 21% and 17% respectively.
The FTSE 100 finished the day up by 1% at 5,564. The FTSE 250 was down by roughly 1%.
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