Hammerson plc (HMSO) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. I think we'll start. Welcome everyone to Hammerson's 2025 full year results presentation. I've met a number of you already over the last few weeks, but for those I haven't met, I'm Rob Wilkinson. I joined Hammerson as CEO in January of this year. I'm with Himanshu Raja, our CFO of course, who's joining me for the presentation this morning. In terms of the actual presentation itself, I'd like to start with sharing with you a couple of my first impressions of the company since I joined. Obviously looking back at the achievements and results of 2025, our outlook for 26 and beyond. I'll pass then to Himanshu to comment on the financials in a bit more detail before some closing remarks and then obviously be delighted to take any questions at the end of the session. So if I start, since October of last year I made it my priority to visit all 10 of our flagship destination assets to meet with the teams and one thing that's very clear is that the extent of turnaround that's been achieved over the last five years is nothing short of remarkable and credit should go to Rita Rose and the team for what they've done over that period. It also clearly positions Hammerson now at a situation where we can now leverage our platform and assets as we go forward. But three things have really stood out for me about the company since I joined. The first is the quality of our unique portfolio of retail-led destinations across the UK, France and Ireland. We are the leading pure play company in those markets. And today, 98% of our destinations are rated A or better by Green Street. So a fantastic portfolio. We've also got a fantastic team. We have a first class integrated platform which is built on a management team that is best in class and passionate about driving the ...