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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
|
|
|---|---|---|---|---|
| 1.40 | 1.94% | 73.60 | 16:35:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 73.20 | 72.30 | 73.90 | 73.60 | 72.20 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 03/06/2025 | Final | GBP | 0.035 | 19/06/2025 | 20/06/2025 | 08/08/2025 |
| 18/09/2024 | Interim | GBP | 0.03 | 19/12/2024 | 20/12/2024 | 28/01/2025 |
| 21/06/2024 | Final | GBP | 0.032 | 04/07/2024 | 05/07/2024 | 16/08/2024 |
| 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 |
| Top Posts |
|---|
Posted at 18/6/2025 20:23 by nickrl There going to close 100+ stores and also want rent reductions on another 180. May not affect NRR of course as ironically seem to be targeting sites in less well off area |
Posted at 11/6/2025 09:17 by mindthestash Any turnaround team worth their pay packet will have already have their plan for each store. Rent re-negs inevitable from their viewpoint. However Poundland don't have a business without leases! So they'll need a deal from landlords before proceeding. Over to NRR to decide to negotiate or move them on. Looks like they're negotiating otherwise the takeover of Poundland is dead in the water. |
Posted at 04/6/2025 08:26 by kenmitch I agree with Skyship. My best REIT performer by some way is AEWU, up 140% since purchase in 2020 including dividends. I paid 62p and unlike the other REITS AEWU didn’t cut their dividend in the aftermath of covid. So with 8p dividend a year I’ve had 40p of my stake back in those big dividends (13% yield at that 62p buy price). Note too that AEWU has outperformed others in the sector and is deservedly on the lowest discount to NAV. And unlike some of the other’s they haven’t bought back any of their shares. Instead they’ve invested that money in continuing to run a successful portfolio. |
Posted at 03/6/2025 22:35 by chucko1 In the near term, the probability of making a larger gain on a discounted REIT is high, I agree. But in the long run, the total return of the sometimes 1.5x covered (hence low yield) dividend US REITs is way out in front. What is a current low dividend yield becomes a high yield on the purchase price when accompanied by growth.UK REITs which have managed to grow are a rare breed. Terry Smith was asked an equivalent question relating to his Smithson (main) Fund - why don't you pay a higher dividend? His response was that you can create a higher yield, should you wish, by selling a slither of shares on each (low) dividend date, thereby artificially increasing the dividend; over time, he pointed out, the total return to the investor was greater than if he had paid a higher dividend equivalent to the low dividend plus slither. Cash remaining in businesses with good management effectively outperform the risk free rate (one assumes that all the investor can generally expect over time from a dividend is the RFR, unless such dividend is reinvested in which case you are going to feel sore from the friction burns!). |
Posted at 03/6/2025 13:00 by marksp2011 better value?LMP CREI SREI SUPR There is a lot more to this than current dividend yield. i am not sure what credibility Lockhart has. great LTIPS but NRR hasn't grown and the divi has been shrinking. They still only managed a tiny growth in portfolio valuation. AEW is probably the best but the share price is very close to NAV. I also hold SHED and WHR but they have going, going gone. I have 20k of these so I am not anti but, look at the history and this hasn't been a clever hold. |
Posted at 03/6/2025 10:23 by riverman77 Yes NRR has rallied but so have most REITs. Don't agree that there is now better value elsewhere - in fact quite the opposite, I'd say NRR still looks about the best value in the sector right now. Peel Hunt no doubt have their pwn agenda for these announcements so wouldn't pay too much attention. |
Posted at 03/6/2025 07:17 by arbus5000 "FY25 final dividend of 3.5 pence per share vs 3.0 pence per share H1 interim dividend"not far off my prediction of 0.4p increase :) |
Posted at 30/5/2025 08:48 by arbus5000 I like NRR but the main headwind for NRR are the troubles at Poundland - its one of the largest tenants, which used to be a strength but now it is retrenching and closing stores. |
Posted at 09/4/2025 14:05 by brucie5 Some help from ChatGPT:Dividend Yield: As of April 3, 2025, NewRiver REIT's dividend yield stands at 8.93%. This figure is based on trailing twelve months dividends totaling 6.2 pence per share, with dividends paid semiannually. Discount to Net Asset Value (NAV): In December 2024, NewRiver REIT completed the acquisition of Capital & Regional for £151 million. This transaction was executed at a 14% discount to the net assets, based on a portfolio valuation of £350 million. Gearing: Following the acquisition of Capital & Regional, NewRiver REIT's proforma Loan-to-Value (LTV) ratio is approximately 42%. This represents an increase from 30.8% as of March 31, 2024. Home Recent Broker Targets: Analyst consensus indicates an average price target of 90.60 GBX for NewRiver REIT. This suggests a potential upside of approximately 36.65% from the current share price. -------------------- That means at current price of 64p the yield is c. 9.7%. (though Stocko says 10.69%) Where it also gains a 'winning Growth and Income' screen and dividend cover 1.1-1.2 for 2025-26. Price to Tangible book = .78 Certainly looks interesting. |
Posted at 12/12/2024 13:03 by grahamburn Not too sure that the criticism earlier this morning on here of the (apparent) reduction in the dividend is entirely valid - see following paragraph:"UFFO for the six months ended 30 September 2024 was £11.5 million, a decrease from the £12.3 million for the six months ended 30 September 2023, primarily due to the impact of £41 million of disposals in the last 18 months and the final Covid related income disruption insurance settlement received in the first half of the prior year. During the period we paid a final dividend relating to the second half of FY24 of 3.2 pence per share, representing an 85% payout of second half UFFO per share, compared to 80% per our dividend policy. We made the decision to top up the dividend during FY24 by paying out 100% of the interest income we received on the majority of our cash holdings so that our shareholders received benefit as we waited to deploy. Having now deployed, predominantly into the acquisition of Capital & Regional, the Board is pleased to declare a fully covered dividend of 3.0 pence per share relating to the first half of the new financial year, reflecting 80% of first half UFFO in-line with our dividend policy. The dividend is payable on 28 January 2025 and goes ex-dividend on 19 December 2024." |
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