Share Name Share Symbol Market Type Share ISIN Share Description
Newriver Retail Reit LSE:NRR London Ordinary Share GB00BD7XPJ64 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +6.00p +2.06% 297.50p 860,318 16:35:18
Bid Price Offer Price High Price Low Price Open Price
299.50p 300.00p 300.50p 287.00p 288.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 96.1 37.4 15.5 19.2 901.25

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New river Daily Update: Newriver Retail Reit is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker NRR. The last closing price for New river was 291.50p.
Newriver Retail Reit has a 4 week average price of 265p and a 12 week average price of 265p.
The 1 year high share price is 374.50p while the 1 year low share price is currently 265p.
There are currently 302,940,813 shares in issue and the average daily traded volume is 1,935,171 shares. The market capitalisation of Newriver Retail Reit is £901,248,918.68.
fenners66: Well the market seems to have ignored the woes of the retail sector for the last few days and share price well up.
salchow: fenners66 - having just returned from a good lunch I see your message. No amount of postings on ADVFN could have the remotest bearing on a share price. Are people on here buying or selling 100,000 shares? I doubt it. From what I have seen of shareholding analysis of other companies the number of shares held by the average private investor is derisory. So no, I don't think anything on here can damage my "position". You have already made multiple postings with reasons plainly compelling to yourself which would tend to suggest that you would not consider buying shares in any company holding retail properties. To do so after what you have posted would be perverse. So I am still back to wondering about motivation. I use ADVFN for share prices and consequently at times look at what is being said about a share I hold and fairly rarely post a comment. Life is too brief for me to post on shares which I know I would not want to hold but I guess each to his own.
speedsgh: Full Year Results - HTTPS:// Allan Lockhart, Chief Executive commented: "This has been another year of growth for NewRiver, in which the foundations we have put in place through our actions in the equity and debt capital markets, our balance sheet capacity and continued focus on the most sustainable segments of the UK retail market, characterised by frequent spend on everyday essentials, have positioned us well for growth. The continued strength of our key operational metrics demonstrates the resilience of our well diversified portfolio, and our risk-controlled development pipeline is starting to deliver, with the recently announced development agreement signed in Basingstoke a key long-term opportunity. Our proven business model has continued to perform despite the challenging headwinds affecting the wider UK retail sector. With our convenience and community focus, we continue to generate growing and sustainable cash returns for shareholders, and as a result we have increased our fully covered full year ordinary dividend by 5% to 21.0 pence per share. Looking ahead, the strength of our underlying cash flows, and our well-advanced acquisition pipeline, including the acquisition of Hawthorn Leisure announced this morning, give us the confidence to increase our dividend for the first quarter of the new financial year by 3%." from Chairman's review: ... NewRiver's portfolio is well let to a diverse, high quality group of occupiers, but our share price is not immune to the more general negative sentiment towards the retail sector. Our prospects are strong - we have one of the most highly regarded management teams in the real estate sector and a carefully assembled and highly cash generative portfolio of retail and leisure assets which delivers attractive quarterly dividends. We have an identified pipeline of acquisition opportunities to execute in the near-term with the cash resources available to us. These factors, along with our inbuilt risk-controlled development pipeline and strong balance sheet, give us confidence in our future prospects. Ultimately if our share price undervalues those prospects the Board can also use the existing share purchase authority as part of a sound capital management programme. on Dividends: Today, we also announced our ordinary dividend for the first quarter of FY19 of 5.4 pence, an increase of 3% compared with Q1 FY18. The dividend will be paid on 27 July 2018 to shareholders on the register at close of business on 22 June 2018. The ex-dividend date will be 21 June 2018. The quarterly dividend will be payable as a REIT Property Income Distribution (PID).
nisbet: A higher than average yield warrants attention. However, a distinction must be made between those companies that are capital-intensive with a regularity of negative cash-flow or have completely opposite traits. An analysis of a company's "flow of funds" statement is more than useful in this respect. Looking at companies that are not capital-intensive, with positive "flow of funds" statements, show a strong propensity not to cut the dividend and to recover in share price. Indeed, there are many examples of outstanding opportunities where historic/prospective yields have got to "worrying" levels. The one that stands out in the last couple of years is Royal Dutch Shell when bidding for BG Group; at the low for the share price, the historic yield got to over 9%. In retrospect, wasn't that a wonderful gift to the investment community!
nisbet: New River is an extremely well run property company. It is well diversified both geographically and in terms of client exposure, with no one tenant accounting for more than 2.9% of retail space. Its most important client is the hugely successful retailer Primark and average rent for the entire client base is £12.14 per square foot. The recent refinancing of debt has given the group medium term access to funds at a rate of 3.6% and balance sheet gearing was down to just a modest 33% as at Sept 2017. At 283p, the dividend yield is 7.4% and with the forthcoming figures/statement at the end of April we should get a firm indication of its sustainability. Over recent months the share price has fallen from around a high of 370p where the yield was around 5.7%, so the market has already taken a much more cautious approach given the prevailing conditions within the retail sector.
speedsgh: NewRiver bounces back from share price wobble, says Liberum - HTTP:// NewRiver Reit (NRRT) has seen high footfall in its properties despite wider concerns about the retail market, supporting a ‘positive outlook’ for the real estate investment trust (Reit), says Liberum. Analyst David Brockton retained his ‘buy’ recommendation and target price of 370p on the shares after a third quarter update that ‘confirms robust trading and should provide notable reassurance given the recent share price weakness’. The shares jumped 6% to 317.5p yesterday on the news. ‘Despite wider concerns over the retail market, NewRiver’s collections remain high and footfall stable,’ he said. ‘We believe the group’s active asset management and convenience-led focus continues to support its resilient trading.’ He added that affordable rents, asset management initiatives, scale benefits, and growing development opportunities ‘all support a continued positive outlook’.
vgumbltsb: Let's hope it is a beauty. The price drop from 341p to 296p is worrying though !
gorilla36: oniabsta _ Everybody comes here with different timescales and methods of trading/investing. I've held NRR for quite a few years and by my own admission am more investor than trader. As boonboon points out as well, if the share price falls, the dividend gets larger (up to a point anyway. But well done if you got out at a good price.
davr0s: Think the bigger issue is that 6months support could be broken if we drop further which would open up to more selling pressure. Critical it holds or bounces around this area. No one knows where the share price will go - up or down so I just play the probabilities. I'm still long though it's under review at the moment
gorilla36: oniabsta - With all due respect your comment of "it's dropping like a stone" is hardly accurate, it is 20p off it's recent highs, and you had an 8p dividend last month. I would hardly expect a comment for this sort of movement. The share price is back to where it was a month ago! Let's see how the rest of the week pans out before hitting the panic button.
New river share price data is direct from the London Stock Exchange
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