Hammerson plc R.E.I.T. ( (GB:HMSO) ) just unveiled an update.
Hammerson plc has announced the purchase of 78,581 of its ordinary shares as part of its ongoing share buyback programme initiated in October 2024. The company intends to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding. Since the start of the buyback programme, Hammerson has repurchased over 11 million shares, indicating a significant commitment to this strategy. This action reflects Hammerson’s focus on optimizing its capital structure and delivering value to its stakeholders.
More about Hammerson plc R.E.I.T.
Hammerson plc is a Real Estate Investment Trust (REIT) that operates in the property industry, focusing on the acquisition, development, and management of retail properties across Europe. The company is known for its portfolio of shopping centers and retail parks, catering to a broad market of consumers and retailers.
YTD Price Performance: -9.73%
Average Trading Volume: 1,009,039
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.25B
See more data about HMSO stock on TipRanks’ Stock Analysis page.