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NRR Newriver Reit Plc

75.60
-0.40 (-0.53%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Newriver Reit Plc LSE:NRR London Ordinary Share GB00BD7XPJ64 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -0.53% 75.60 708,794 16:35:08
Bid Price Offer Price High Price Low Price Open Price
75.80 76.00 76.00 75.70 75.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 73.6M -16.8M -0.0537 -14.12 236.95M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:50:55 O 155 75.60 GBX

Newriver Reit (NRR) Latest News

Newriver Reit (NRR) Discussions and Chat

Newriver Reit Forums and Chat

Date Time Title Posts
19/2/202414:44New River Retail4,109
02/8/201916:01Newriver Reit6
25/9/200709:43Nardina Resources PLC196
10/4/200614:30Nardina- The Next Multibagger Resources Stock10
08/4/200609:40Nardinia- The Next Multibagger Resources Stock-

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Newriver Reit (NRR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-23 16:51:2775.60155117.18O
2024-04-23 16:13:5775.60527398.41O
2024-04-23 16:04:3475.64600453.86O
2024-04-23 15:35:0875.6045,47434,378.34UT
2024-04-23 15:27:4075.91611463.81O

Newriver Reit (NRR) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Newriver Reit Daily Update
Newriver Reit Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker NRR. The last closing price for Newriver Reit was 76p.
Newriver Reit currently has 312,603,487 shares in issue. The market capitalisation of Newriver Reit is £236,953,443.
Newriver Reit has a price to earnings ratio (PE ratio) of -14.12.
This morning NRR shares opened at 75.90p
Posted at 19/2/2024 12:07 by fenners66
Just come back to read the thread for the first time in a month or more , not much discussion going on though.

Happy with my take on them , post results , burying bad news and no one has said why they sold a profitable JV at a loss.

Share price has declined about 12% since then - we shall see where it goes from here , but my take on the spin given is the directors do not have a real , positive, message just trying to hide the bad.
Posted at 17/11/2023 16:08 by mindthestash
Sadly we're getting used to this sort of ignorance from boards. of all people you'd think and FD might cough up the pertinent figures which he's surely already done for colleagues/board. However it seems i;m just an old crusty as the share price is heading north with the REIT herd despite falls in retail sales and regulatory announcements written in cuddly sound-bites of positivity.............

moan over.
Posted at 10/8/2023 12:28 by frazboy
Do NRR have any direct exposure to Wilko, anyone know?
Posted at 26/7/2023 07:32 by lord gnome
A very punchy update for the AGM today. Seems to be sailing along nicely. Just needs the share price to catch up with the progress being achieved. Happy to continue to hold.
Posted at 13/4/2023 08:25 by lord gnome
Good update. All seems well. Forecast EPRA earnings look a tad disappointing. Analyst consensus is for 8.1p, so at 90% payout we might see dividends of 7p this year.
With a current nav of around 123p (analyst consensus figure) and a current probable yield of around 8.2% the share price might just be in line to put on a bit of weight once we see interest rates pivot.
Posted at 18/1/2023 14:37 by lord gnome
Brisk trading again today. Someone is buying in 100k lots and driving up the share price. Long may it continue.
Posted at 25/11/2022 10:26 by mindthestash
It's as good a result as could be expected. I think the share price remaining static indicates most investors se this as managing decline so the yield may not compensate for inflation going fwd.

I'd prefer the management to concentrate on delivering planning and development gains for the moribund shopping centres. Magement fee income is a downside for me as my experience is that managing other people's assets is a distraction and involves too much overheads cost and time commitment in order to get up to speed. Overall looks like a solid business in a declining sector but upside looks good for redevelopment value to compensate for rent under inflation.
Posted at 24/11/2022 10:38 by giltedge1
NRR results read well, with tenants mainly robust lower price end B&M, TK Maxx, Aldi etc. occupancy excellent & since large writedowns in Assets, in previous years, NAV unlikely to fall much. Management Income rising added a few % to EPS in future years. As a REIT forced to distribute 90%, Rental EPS a nice problem if an investor. I would like to buy but short of cash at moment. Fill your boots 10% yield.
Posted at 22/11/2022 22:05 by hugepants
17 Nov 22
SHORE 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%
Posted at 06/9/2021 12:26 by chucko1
They have the same number of High St. shops they did when the share price was both 220p and 43p.

Peoples' concerns seem to reflect the recent share price action rather than the real stuff going on. But this has materially affected NRR in that valuers were concerned about all sorts of properties when the shooting started in March 2020 and NRR's sale of the pubs more reflects a need to strengthen its balance sheet than any real issues with the business. That has cost them as they got an acceptable, but not good price in the sale. So some capital loss sustained. Some of the missing rent also has added to permanent loss of capital. But, I would say, not too much.

Nevertheless, there remain a lot of unknowns with NRR that will take time to play out. More years than I originally planned for, but that's OK - you manage your risk and therefore can deal with one or two stocks remaining challenging. This uncertainty worries some. They are not disposed to seeing ludicrous value at 44p (after a huge sale by an institution at indecent speed) and therefore missing what was 150% upside.

People who see NRR as simply one thing regardless of the price are unlikely to ever see what is on offer here. Same as EPIC was and RGL was. And SREI. And AEWU and some others, although NRR nearer the eye of the storm.
Newriver Reit share price data is direct from the London Stock Exchange

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