HMSNF (Hammerson) Debt-to-Equity: 0.78 (As of Dec. 2025) — 16% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HMSNF Hammerson PLC HMSNF
69 GF Score
Price $4.95
GF Value $6.59
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Hammerson Debt-to-Equity?

Hammerson HMSNF 69 Debt-to-Equity is 0.78 as of Dec. 2025, which is 16% above its 10-year median of 0.67. GuruFocus rates HMSNF with a GF Score™ of 69/100 and a GF Value™ of $6.59 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 689 REITs companies, Hammerson ranks better than 50.65% on this metric.

Hammerson's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $140.4 Mil. Hammerson's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $2,058.2 Mil. Hammerson's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $2,804.3 Mil. Hammerson's debt to equity for the quarter that ended in Dec. 2025 was 0.78.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Hammerson's Debt-to-Equity or its related term are showing as below:

HMSNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56   Med: 0.67   Max: 0.84
Current: 0.78

During the past 13 years, the highest Debt-to-Equity Ratio of Hammerson was 0.84. The lowest was 0.56. And the median was 0.67.

HMSNF's Debt-to-Equity is ranked better than
50.65% of 689 companies
in the REITs industry
Industry Median: 0.78 vs HMSNF: 0.78

Hammerson  (OTCPK:HMSNF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Hammerson Debt-to-Equity Related Terms


Hammerson Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Hammerson's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hammerson Debt-to-Equity Chart

Hammerson Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.66 0.68 0.84 0.78

Hammerson Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.68 0.81 0.84 0.84 0.78

HMSNF vs SPG, O, KIM: Debt-to-Equity Comparison

For the REIT - Retail subindustry, Hammerson's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hammerson Debt-to-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Hammerson's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hammerson's Debt-to-Equity falls into.


HMSNF
69GF Score
Hammerson PLC HMSNF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hammerson Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hammerson's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Hammerson's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.78 mean?
Hammerson (HMSNF) has a Debt-to-Equity of 0.78 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hammerson and its competitors. This is 16% above median its historical median of 0.67. Over the past decade, Hammerson's Debt-to-Equity has ranged from 0.56 to 0.84. According to the industry distribution chart, Hammerson ranks #340 out of 689 companies in the REITs industry, placing it in the top 49.3%.
Is Hammerson's Debt-to-Equity too high?
Hammerson's current Debt-to-Equity of 0.78 is 16% above median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 0.84. The REITs industry median Debt-to-Equity is 0.78. Hammerson's value of 0.78 is 0% at this industry median. Based on the distribution chart, Hammerson ranks #340 out of 689 companies in the REITs industry, which is above the industry midpoint. Overall, Hammerson has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hammerson's Debt-to-Equity compare to SPG and O?
According to the REITs industry distribution chart, Hammerson ranks #340 out of 689 companies for Debt-to-Equity. This puts Hammerson in the upper half of its industry. The industry median Debt-to-Equity is 0.78. Hammerson's value of 0.78 is 0% at this benchmark. Historically, Hammerson's own Debt-to-Equity has ranged from 0.56 to 0.84 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 0.78, Hammerson has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 689 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hammerson's current Debt-to-Equity of 0.78 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hammerson and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hammerson's current Debt-to-Equity is 0.78, which is 16% above median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hammerson stock overvalued right now?
Based on GuruFocus' analysis, Hammerson (HMSNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $6.59, compared to a current price of $4.95 — trading 24.9% below its estimated fair value. The current Debt-to-Equity is 0.78, which is 16% above median its 10-year median of 0.67 and 0% at the REITs industry median of 0.78. Hammerson's overall GF Score™ is 69/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Hammerson (HMSNF), the current Debt-to-Equity is 0.78 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hammerson (HMSNF) Overvalued in 2026?

Based on GuruFocus' analysis, Hammerson stock appears to be undervalued. The current stock price of $4.95 is trading 24.9% below its estimated GF Value™ of $6.59. GuruFocus considers Hammerson to be Modestly Undervalued.

Key valuation signals for HMSNF:

  • Debt-to-Equity: 0.78 (16% above median its 10-year median of 0.67)
  • GF Value™: $6.59 vs. price of $4.95 (24.9% below fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 0% at the REITs median (#340 of 689)

No single metric tells the full story. See the HMSNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hammerson Business Description

Industry Real EstateREITs
Address 66 Seymour Street, Marble Arch House, London, GBR, W1H 5BX
Hammerson PLC is a real estate investment trust based in the United Kingdom. It invests in, manages, and develops retail properties in Europe. The REIT's portfolio includes shopping centers, retail parks, outlets, and development projects. Hammerson categorizes its operations into three segments based on geography: the United Kingdom segment, which delivers the majority of its total revenue, the France segment, and the Ireland segment. The company generates revenue mainly from leasing its properties to retail tenants.
69GF Score

Get the complete analysis for HMSNF

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.95
Price
$6.59
GF Value