HMN: same-store results up 4% as a divestment funded growth
According to TradingView, HMN's same-store operating performance rose 4% year on year, and gearing fell to 37.1% after a S$360m divestment.
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what happened
Same-store operating performance at HMN rose 4% year on year, according to TradingView. Renovation closures and portfolio changes, however, weighed on reported gross profit.
The company sold an asset for S$360m. The proceeds funded a higher-yielding S$134m acquisition and debt repayment, leaving gearing at 37.1%.
why it matters
For investors, the key point is that the company is cutting leverage and shifting into higher-yielding assets, which typically supports balance-sheet resilience. Reported figures are distorted by renovations and portfolio changes, so same-store metrics give a clearer picture.
tags
sources
- HMN: Same-store performance strengthened as divestment proceeds funded growth and debt reduction — TradingView, 26 October 2026 at 23:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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