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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Newriver Reit Plc | NRR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.70 | 0.97% | 73.00 | 16:29:39 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 73.00 | 71.30 | 73.20 | 73.00 | 72.30 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 23/11/2023 | Interim | GBP | 0.034 | 07/12/2023 | 08/12/2023 | 16/01/2024 |
| 06/06/2023 | Final | GBP | 0.032 | 15/06/2023 | 16/06/2023 | 04/08/2023 |
| 24/11/2022 | Interim | GBP | 0.035 | 08/12/2022 | 09/12/2022 | 17/01/2023 |
| 25/11/2021 | Interim | GBP | 0.041 | 09/12/2021 | 10/12/2021 | 14/01/2022 |
| 03/06/2021 | Final | GBP | 0.03 | 29/07/2021 | 30/07/2021 | 03/09/2021 |
| 21/11/2019 | Interim | GBP | 0.054 | 24/12/2019 | 27/12/2019 | 07/02/2020 |
| Top Posts |
|---|
Posted at 19/2/2024 14:44 by riverman77 Last update looked pretty good across key metrics - new leasing, occupancy, rent collection, etc. Debt position also looking secure now and dividend well covered. The JV sale was announced 6 months ago so old news - was slightly below book value but generated good profit overall. |
Posted at 23/11/2023 12:14 by nickrl Lockhart is master of spin mind you. Can't see the logic of having such a big RCF (usually comes with a commitment fee) when they have so much cash on hand for what as they are planning more disposals. At least they are getting a few quid on it unlike the idiots at EPIC.By the way @fenners AEWU didn't even have a P&L in their RNS yesterday said see website but it wasn't on their website at open and still not there at 1000. It is now. SREI did same day before but at least gave a hyperlink to website and had it uploaded for opening. This one is treading water and disposals are just eroding NRI further now using cash to top up divi which im fine with short term but whats the plan. Im not a buyback fan but perhaps this is best use of at least half the cash now. Didnt have time to watch presentation so will do a deeper dive over weekend. |
Posted at 10/8/2023 12:28 by frazboy Do NRR have any direct exposure to Wilko, anyone know? |
Posted at 28/6/2023 08:46 by nickrl Not sure of the logic of selling high yielding retail pks (avg 7.6%) and paying down debt (3.5%) when it is fixed for years at such a competitive rate but maybe as they were held in the JV they had no choice. Also can they pay down the bond at will or do they have buy them back on open market/tender offer?Can't see it helping to boost the divi any further now |
Posted at 08/6/2023 09:11 by nickrl The divi was always going to be down with the loss of Hawthorn income stream. The issue here is rental growth looks pretty neutral now so divi growth from here looks minimal. They also have a stash of cash on the books and are at least doing better than EPIC for getting a few quid on it but what is the plan for that cash? Selling the workout assets raises a few quid but their forgiving decent rental income as these properties don't appear to be as badly performing. For the umpteenth year they talk up the development sites but they've still to find someone to come in alongside them. Anyhow as they have a sensible divi policy i do keep a small holding in here. |
Posted at 06/6/2023 11:13 by dhoult12 When did they start mentioning these flats in Bexley heath? Or Grays? Must be 5 years at least.Need to get one of these residential developments sold/over the line before market reacts to change in valuation potential of the rest. Rest looks good. Last divi had benefit of the pubs in there as well. |
Posted at 06/6/2023 09:03 by mindthestash divi down but rest of it looks rock solidfocused on the day job upside looking ahead from sale out of regen centres assuming better returns from redevelopment than holding "We have three Regeneration assets, representing 23% of the total portfolio value, for which we have planning consent for: 187 residential units, over 850 residential units at the pre-planning application stage and a further 350 residential units in the masterplan stage for phase one. None of these projects will be built-out by NewRiver as our intention is to deliver value either through sale or by partnering with residential developers, once planning consents are secured." |
Posted at 06/6/2023 07:38 by marksp2011 Seems reasonably positive but will be reported as a dividend cut |
Posted at 24/11/2022 13:22 by feddie @marksp2011Unfortunately, there was no dividend catch-up. The dividend policy announced in June 2021 was that they would pay out 80% of UFFO. The dividend corresponding to the period ending 30/09/21 was 4.1p which follows the policy. The new dividend announced today of 3.5p follows the same calculation. The unfortunate thing is that the UFFO has dropped from 5.5p in Sep 2021 to 4.4p in Sep 2022. All data taken from: Dividend policy: 2021 UFFO and interim dividend: 2022 UFFO and interim dividend: |
Posted at 22/11/2022 22:05 by hugepants 17 Nov 22SHORE CAPITAL NRR NewRiver REIT+ (NRR, House Stock, 71p) New operational management agreement signed NewRiver REIT, a leading real estate group focused on essential and convenience retail, has announced it has been appointed to manage a retail portfolio of 16 retail parks and one shopping e based on the rental income of the portfolio, while no capital is to be committed by NewRiver. The investor, fees and locations have not been disclosed. Following on from the addition of The Moor, Sheffield last year and the expansion of the asset management agreement with Canterbury City Council for Whitefriars Shopping Centre, we see this larger portfolio in a capital light manner. Furthemore, it is consistent with NewRivers medium term target to generate £3-5m of annual management fee income. Although no financials were disclosed (we estimate less than £1m based on its own portfolio), we expect the incremental income from this income stream to be modestly accretive to FFO and, over time, help to narrow the discount to NAV. NewRiver is set to issue issue interim results for the six months to September on Thursday 24th November. The Q1 update highlighted further underlying progress and we were encouraged by recent commentary from Land Securities and British Land on the resilience of shopping centres and retail parks during the period. NAV based on the March 2022 valuation stands at c133p per share and we forecast a FY23F dividend of 6p per share. At 72p per share, NewRiver trades at 0.5x historic book value, with a dividend yield of 8.4% (80% payout ratio). With the ongoing repositioning of the estate towards resilient retail, we see NewRiver as well positioned in an uncertain sector, with starting property yields high, a broad and diverse tenant base focused on the value end of retail and balance sheet metrics improving, with the March 2022 LTV at 34% |
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