Hammerson full-year 2020 profit took a knock
The JSE-listed, UK-focused mall owner says net rental income fell 41%for the year on a like-for-like basis
12 March 2021 - 12:00
Hammerson, the UK-focused mall owner that was dealt a heavy blow by Brexit then Covid-19, said on Friday that its net rental income fell by just more than a third in the year to end-December 2020, but it still managed to declare a final dividend.
The JSE-listed company, which owns and operates retail portfolios in the EU, felt the economic consequences of the pandemic as it made provisions for bad debts, covering tenants that struggled to meet their rental commitments...
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