Newriver Reit Share Discussion Threads

[ramellous] 13/8/2019 18:44

Mentioned in money week..

[fenners66] 13/8/2019 18:27

mark - WTF !!

If what you are saying is true I find charities even more untenable !

So they rely on the donations from others, the donation of time from workers , the sales to the public and then have worse overheads than the rest of the retail sector as well as directors and managers who milk them for far too high salaries !

When you look at the published (!) proportions of funds actually spent on the charitable work vs the cash raised they are awful in most cases anyway.

Then you look a the like of Oxfam who have moved their headquarters to Kenya ( ?) where no doubt the oversight will be just as stringent.......

Seems to be charities have become an easy overlooked gravy train ....

[marksp2011] 13/8/2019 14:35

Fenners
Charity shops pay rent
The issue is that they can afford to pay more rent as they dont pay staff and they don't need to make a full business return.
The higher rent is then applied to other local shops at renewal who can't make a living and run the shop so....you get more charity shops

I have watched a block of 5 local shops go down that path............. the one remaining store just had his rent renewal and they want 27k from 12.5k. 27k is what the "shooting Star" Hospice pays.

[fenners66] 13/8/2019 13:11

Those are just the voids.
Now add in the charity shops - I cannot believe they are paying full rent and guess many pay no rent.

Then factor in the thousands of bookies scheduled to close
Then factor in the thousands of other shops announced.

Working the estate properly will help - but it will not be enough when all around are negotiating lower rents or walking away. After all if you are traditionally at the cheap end of the market (so that retailers can still make a profit on thin margins) once everyone else has followed you to the bottom , you have to go further otherwise your retailers start to suffer as well.

[chucko1] 13/8/2019 12:31

So, according to Sky as of a week or so ago, the voids are running at about 11%, but about half of these are intended never to return to retail. They are being converted to housing, leisure and other stuff.

It’s bad, but here is a lot of variance in terms of exactly which sorts of properties are struggling. This is where the asset management is so important. NRR seem to be abreast of things, whereas INTU simply lost control. Of course, blue-chip shopping centres are at the £60 per sqft level whereas NRR target the cheapo £12.50 space.

[2wild] 13/8/2019 12:24

So voids on the high street are back to 2015 levels. Hardly the end of the world.

[finkie] 13/8/2019 10:05

Re above post I was in Wolverhampton yesterday and ok it’s Wolverhampton but it wasn’t that bad in terms of high street void, I think the shopping centre had some empty units but they were trying and arguably the centre was just too big even in the good times, in terms of high street in a very much secondary spot in the country it definitely want dying or desperately bad in anyway. They will re invent with some residential and other uses to reduce void but I don’t see carnage hear, a rebasing of rents and relief on business rates and high streets will fly....

[fenners66] 13/8/2019 01:46

News from DM:-

"Bloodbath on the high street: One in 10 shops are now empty as vacancy rate hits highest level in four years

The number of vacant shops has hit another recent high with one in ten stores
The number of vacant shops has now risen at every count for seven straight quarters in a sign of the accelerating collapse of the high street retail sector
Footfall dropped by the sharpest decline in seven years, down 1.9 per cent "

[ramellous] 07/8/2019 16:37

2 US REITs I’ve got STOR and GNL have weathered this weeks storm very well. Gnl also has 11% divi has property in UK and Europe. STOR is a great long term hold..

[shawzie] 07/8/2019 15:39

Rent increases or rent decreases in U.K. may not be as bad as USA.
"Barneys leases more than 275,000 square feet at 660 Madison Ave. ... The decision by the arbitrator handed down on Friday would raise the current annual rent of more than $16 million to $30 million in the 10-year lease deal."

[fenners66] 07/8/2019 09:31

With that rate of decline - even the fish and chip shops will be getting battered !

[rcturner2] 07/8/2019 09:11

ramellous, footfall in some places in the UK is falling at 10% per year. This will cause valuations all over the retail sector to be battered.

[spectoacc] 05/8/2019 14:45

Lol more at 158p here. A nibble at the big REITs too, though we won't have seen the bottom if Hard Brexit is ahead.

[finkie] 05/8/2019 14:32

ouch i keep diving in 175 161 and now 156!

[hpcg] 04/8/2019 11:57

If need be the company can choose not to pay dividends, but the quid pro-quo is that it has to pay 19% corporation tax. It should of course not be paying an uncovered distribution.

[finkie] 04/8/2019 08:51

Ramellous I think that is the protection nrr have people wont sit at home and order from amazon solely they need to socialise, secondary local centres provide essential amenities for local people and at sensible rents for retailers.

[ramellous] 03/8/2019 22:13

Had a look in Hill-street centre in Middlesbrough today.. was very busy. Saw no vacant units. Pleasant centre was well maintained.

[eeza] 03/8/2019 20:38

It is required to pay out at least 90% of earnings to retain REIT status.

[lord gnome] 03/8/2019 18:20

It's a REIT. It must pay out a certain level of income.

[indalo] 03/8/2019 17:35

Is Woodford completely out of NRR now?

[finkie] 03/8/2019 09:32

What’s the thought here payout cut to reflect a more modest 10% rather than the 13.3% currently? Do the board need to do this 37% geared and whilst footfall noticibly lower occupation rates are good.

?..

[sharesoc] 02/8/2019 16:01

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[trustman] 02/8/2019 08:50

One thing about shorts is that they eventually have to close -and become buyers-unless a company goes bust......

[hpcg] 01/8/2019 11:37

Short differences not all one way, but at this stage the biggest move has been made with the Woodford sales.