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NRR Newriver Reit Plc

72.30
-0.80 (-1.09%)
24 May 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -1.09% 72.30 71.80 72.80 73.00 72.00 72.00 537,788 16:35:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 73.6M -16.8M -0.0537 -13.52 226.95M
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 73.10p. Over the last year, Newriver Reit shares have traded in a share price range of 71.00p to 92.00p.

Newriver Reit currently has 312,603,487 shares in issue. The market capitalisation of Newriver Reit is £226.95 million. Newriver Reit has a price to earnings ratio (PE ratio) of -13.52.

Newriver Reit Share Discussion Threads

Showing 4251 to 4275 of 4325 messages
Chat Pages: 173  172  171  170  169  168  167  166  165  164  163  162  Older
DateSubjectAuthorDiscuss
02/6/2023
08:29
Results on Tuesday
orchestralis
14/4/2023
12:11
Shore Capital has apparently just produced a positive report on NRR's prospects. Anyone seen it?
grahamburn
13/4/2023
10:50
@nickrl

The portfolio decline is 4.2% valuation drop and £23M of sales
Cash is up 16M

So, overall not so bad

marksp2011
13/4/2023
09:28
@Lord Gnome. The projected valuation drop looks pretty decent compared to horrors reported by others at Q4/22 so i do wonder whether we've seen some modest uplift or at least stability in Q1/23.

im happy to keep collecting 8% and if share price moves up double bubble.

Edit: prop val is down about 8.2% compared to H2 results.

nickrl
13/4/2023
08:25
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.

lord gnome
27/3/2023
15:58
Having been in and out of this from 55p I agree with the below. B&M, M&S abd others have all announced closure of their high st stores and opening more retail park outlets. All which suit NNR. 79p seems to be providing resistance and still a healthy dividend.
vow
19/1/2023
10:25
@smidge it will be just a mgt fee similar to the JV arrangement they have with Bravo but if it entails no extra warm bodies easy money as long as they don't take their eye off our portfolio.

They never give much away on trading updates unlike the investment run reits which have more comprehensive updates. Im happy with paying tenants that provides enough to cover admin and finance charges and keep the divis at current levels.

nickrl
19/1/2023
09:17
Thx, I was being lazy in referring to NAV, an earnings boost is enough!
smidge21
19/1/2023
09:14
I think they will get management fees so it will be eps enhancing but may not have a direct effect on NAV.
ceaserxzy
19/1/2023
08:49
Q: does the reference to the M&G management contract mentioned this morning have a direct influence on NRR's NAV or simply an opportunity to say "aren't we good managers'? I suspect the former but happy to be corrected
smidge21
19/1/2023
07:42
A very punchy update. Looks to be in rude health. Nothing to be concerned about with no debt maturity before 2028. Retail assets seem quite resilient and holding up better than other sectors of the property market. Happy to hold.
lord gnome
18/1/2023
20:22
Could take a few years but 300p is worth waiting for.
blackbear
18/1/2023
19:15
Lots of share buying through dividend reinvestments perhaps
orchestralis
18/1/2023
15:23
Indeed. Nice pull of the bottom...so far...
cwa1
18/1/2023
14:37
Brisk trading again today. Someone is buying in 100k lots and driving up the share price. Long may it continue.
lord gnome
17/1/2023
15:00
Oh lord, I'm going to need a lie down after seeing the size of that appear in my account.
gbjbaanb
17/1/2023
14:42
Divi payment today i
janekane
16/1/2023
14:44
Divi payment tomorrow I think
orchestralis
06/1/2023
16:59
Is the rise before script allocation ?
oapknob1
13/12/2022
07:41
13 December 2022

NewRiver REIT plc

("NewRiver" or the "Company" or the "Group")

Fitch Affirms NewRiver REIT plc's Investment Grade Credit Ratings

Fitch Ratings ('Fitch') has affirmed NewRiver REIT plc's Long-Term Issuer Default Rating (IDR) at 'BBB' with a Stable Outlook, senior unsecured rating at 'BBB+' and Short-Term IDR at 'F2'. The senior unsecured rating applies to NewRiver's GBP300 million unsecured bond dated 2028.

This rating follows the recent publication of NewRiver's results for the six months ended 30 September 2022 which demonstrated continued operational resilience and balance sheet strength, with Loan to Value reduced to 33.8%, interest cover improved to 3.9x, Net Debt to EBITDA consistently low at 5.1x, interest costs fixed at 3.5%, no refinancing requirement until 2028, GBP95 million of cash and further available liquidity of GBP125 million.

Will Hobman, Chief Financial Officer commented: "In the affirmation of our investment grade credit ratings, Fitch has again recognised NewRiver's differentiated position in the UK retail market, focused on providing essential goods and services to consumers on rental terms affordable to retailers. This focus on resilient retail, alongside our best in class operating platform and the strength of our balance sheet, means we feel well positioned despite the challenging backdrop."

cwa1
06/12/2022
12:56
Are Farringdon Capital Management selling out ?
oapknob1
03/12/2022
12:42
could return to pre covid levels 200-300p in a few years.
blackbear
29/11/2022
16:20
The Company announces that it was notified of the following transactions by persons discharging managerial responsibilities:



· On 25 November 2022, Will Hobman, Chief Financial Officer and Director of the Company, exercised 48,865 nil cost share options which were granted in July 2020 under the NewRiver REIT plc Deferred Bonus Plan 2016. 20,597 shares were sold in order to cover the associated tax liability.



· On 29 November 2022, Hollie Hobman, Spouse of Will Hobman, purchased 26,875 ordinary shares of one penny each ("Ordinary Shares") in NewRiver REIT plc at 74.00 pence per Ordinary Share.

cwa1
29/11/2022
15:56
probably get taken over for about 150p
blackbear
25/11/2022
17:49
10% dividend beats a bank any day.
blackbear
Chat Pages: 173  172  171  170  169  168  167  166  165  164  163  162  Older

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