Newriver Reit Share Discussion Threads

[arbus5000] 03/6/2025 09:23:32

it does seem strange to sell something with potential growth propsects at 9% NIY - but if they say they see better value elsewhere, maybe they do!

[skyship] 03/6/2025 09:22:31

Hmm - just looking to create activity!

[tiltonboy] 03/6/2025 09:10:49

SKY,

They just say they see better value in their "coverage universe".

[skyship] 03/6/2025 09:01:39

Tilts - do they say where they see better value in the sector?

[tiltonboy] 03/6/2025 08:56:18

In isolation the sale of the Abbey Centre looks odd given the yield, but perhaps it's a geographic decision

[nickrl] 03/6/2025 08:52:10

arbus500 good shout but still doesn't get us back to where were last year. NTA down a tad but not sure of the rationale in selling Abbey Centre on a 9% yield thats a lot of rental income to replace and if they don't the divi will be impacted unless they use cash reserves to cover it in the short term. Yes they are lowering the LTV but that looks like by holding it as cash offset as the bond isn't due to be repaid till 2028 and this site isn't secured against the Mall facility. Yet to be convinced by how the C&R acquisition is going to improve things but at least things have now stabilised. Lets see what Lockhart has to say later.

[skyship] 03/6/2025 08:38:48

Good to see the 3.5p final making a 6.5p total - marginally ahead of my spreadsheet figure of 6.4p - as previously stated.

IMO now quite likely that we will see a 3.5p interim ahead of 7.0p for the current year. So at 80p we may well be on a prospective yield of 8.75%.

The historic yield of 8.13% the highest in the sector.

[tiltonboy] 03/6/2025 08:37:18

Peel downgrade from Add to Hold but increase their TP to 85. They cite better value in the sector following a good run over the past three months. On a prospective 9% yield I am more than happy to sit tight

[arbus5000] 03/6/2025 07:17:35

"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 :)

[nickrl] 02/6/2025 22:24:34

NRRs plays it conservative so doubt we will see much of an increase

[marksp2011] 02/6/2025 16:39:38

They talked about high teens earnings growth.

My guess is 0.16 and a return to quarterly dividends

[lord gnome] 01/6/2025 21:34:15

Anything over3p would be a bonus, but I do expect dividends to increase over the next couple of years.

[arbus5000] 01/6/2025 21:09:29

I think the c&r had a 1p projected accretion to FY uffo, so I'd wager a divi increase of 0.4pps

[skyship] 01/6/2025 12:12:29

What are people's guesses for the year's dividend total when revealed on Tuesday?

My spreadsheet states 6.4p; but that may well prove conservative...

[marksp2011] 01/6/2025 10:55:13

And........it gives the opportunity to refurb and relet. For a higher rent.

[arbus5000] 30/5/2025 08:48:38

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.

[skyship] 29/5/2025 13:20:13

NewRiver will announce its Full Year Results for the y/e 31 Mar'25 on Tuesday 3 Jun'25.

Looking forward to hearing what the dividend will be. Currently I estimate 6.4p on my spreadsheet.

[bdbd11] 02/5/2025 14:42:00

Chart looking good here, 80p on the cards soon then hopefully consolidate in the low 80's.

So glad I picked up a lot more stock on the recent lows, now back to being my biggest holding.

Big thanks to Mr.Trump for making it all possible.

[williamcooper104] 30/4/2025 19:51:57

Nothing not to like in all that

[skyship] 29/4/2025 07:21:15

"Current analyst consensus for 31 March 2025 UFFO is £29.4 million / 7.8 pence per share, comprising five analyst forecasts ranging from £29.2 million to £29.7 million / 7.7 pence per share to 8.0 pence per share. Current analyst consensus for 31 March 2025 EPRA NTA per share is 103 pence per share, comprising five analyst forecasts ranging from 101 pence per share to 107 pence per share."

~All very positive; and a 6.4p dividend looks assured, may even be exceeded.

[skinny] 29/4/2025 07:04:02

Operational strength, portfolio valuation increased and on track to deliver significant earnings growth



NewRiver today provides a trading update for the year ended 31 March 2025 ahead of its Full Year Results, which will be announced in June 2025.

● Transformational acquisition of Capital & Regional completed in December 2024; assets performing well and integration progressing in-line with expectations

● Another strong operational quarter with increased occupancy and excellent leasing performance during Q4

● Continued consumer spend outperformance1

● Portfolio returned to capital growth in H2 FY25

● LTV at c.42%, in-line with post Capital & Regional acquisition proforma; to reduce to within NRR guidance of <40% with modest disposals

● FY25 Underlying Funds From Operations ('UFFO') per share and EPRA Net Tangible Assets ('NTA') per share expected to be in-line with analyst consensus2

[arbus5000] 27/4/2025 08:32:19

its expected that the UFFO will increase by 1.3p over the year following the acquisition, potentially raising the dividend by 1p, taking into account dilution, synergies and finance costs.

That makes the expected yield 9.7%, based off the current price.

[skyship] 22/4/2025 07:30:38

Well 103p certainly a far healthier figure. Thanks for that. Agreed, it is the earnings and the yield that are more important. Still yielding 8.9% at 72p.