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 Shares Traded Last Trade
  +0.00p +0.00% 229.50p 212,240 16:35:25
Bid Price Offer Price High Price Low Price Open Price
230.00p 231.00p 232.00p 229.50p 232.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 106.30 46.93 16.00 14.3 697.7

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Date Time Title Posts
21/5/201913:13New River Retail962
25/9/200709:43Nardina Resources PLC196
10/4/200614:30Nardina- The Next Multibagger Resources Stock10
08/4/200609:40Nardinia- The Next Multibagger Resources Stock-

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Newriver Reit (NRR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-05-21 15:52:27230.482,6836,183.81O
2019-05-21 15:45:28229.664,0909,393.22O
2019-05-21 15:35:54230.0815,12234,793.45O
2019-05-21 15:35:25229.5051,837118,965.92UT
2019-05-21 15:30:01230.503785.29O
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Newriver Reit Daily Update: Newriver Reit Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker NRR. The last closing price for Newriver Reit was 229.50p.
Newriver Reit Plc has a 4 week average price of 224.50p and a 12 week average price of 213.50p.
The 1 year high share price is 305p while the 1 year low share price is currently 192.40p.
There are currently 303,997,329 shares in issue and the average daily traded volume is 328,948 shares. The market capitalisation of Newriver Reit Plc is £697,673,870.06.
chucko1: Fenners66, I disagree! Not going backwards is a positive because the share price is priced for going backwards! And at an IRR of perhaps 11% when one considers the sum of the income and the capital recycling.
fenners66: gorilla - thanks for the clarification We have debated on here their style of portfolio and the possibility that it is insulated from vacancies by being at the lower end. However; I put this point forward months ago;there is no immunity to sentiment that has a lot to do with driving share price movements and perhaps more importantly when all around properties are falling empty then there will be pressure on the market for all retail property. It is simple supply and demand - if there are empty shops elsewhere - possibly rent free with just business rates paid sooner or later businesses will demand a rent cut or move. The counter argument is that the good locations will not move - but surely we have had that debunked already with the move of major retailers from High Streets to out of town. Sooner or later money talks - I believe it will be the "market rent" which will fall - just the same as the market price for houses - we all understand house prices - they move in tandem and it does not matter if you have the best house in the street it is still likely to decline in price when the rest do. Mickeyfernandez "but every single post you write about nrr has a negative slant" I agree they have - for about a year I would guess. Negative about the prospects for retail property but that's the market. I have mostly been motivated to post the contrary view to a lot of posts on here as above - but this is just the way I have seen the retail market moving. If I am wrong - that is as much about sentiment as specific NRR - then why are the shares heavily down since I threw my 6p in ? As I said a long time ago I put these on my watch list for yield and they continue to pay a dividend so the yield climbs higher - but the share price decline has far outweighed it. I think we have to see where these are when we finally reach a retail property bottom.... but will we even know when that is ? To explain the line about bookies and FOBT. There are an awful lot of small retail high street bookies - whose profit is based upon FOBT - the takeover of Ladbrooks by GVC gained many of these but after the stake change the idea is that they can exit a lot of the leases in the next few years. If you remove a lot of bookmakers from the High street and after all the stake limits do not apply online - then who is going to fill the estates of empty shops ?
fenners66: gorilla36 7 Dec '18 - 13:14 - 798 of 802 "One really has to wonder what this company needs to do to get it's share price moving? Paying almost 10% div now, well managed, cautious, in the right sector" I don't know how you can come to the conclusion that they are in the right sector. Clearly the sentiment against retail and the share price tells you this is the wrong sector. British Land just offloaded their last Retail interests (apparently). Fears of Debenhams going to CVA. Obviously all the rest that have done or gone bust. Pubs still shutting every week. With fixed odds betting terminals dropping to £2 stake they say that Bookies will be next - what's left to pick up the vacant property slack ?
mrtenpercent: @hpcg - Your post of 8 November was one of the best I've read for a long time. The market clearly expects distributable income to fall and the dividend to fall with it. Only time will tell if the market is right. NRR is on my watch list. I will buy one day because the wave of shop closures and lack of new openings will reverse one day. The internet isn't everything. I am watching Amazon's share price with interest.
hpcg: Trustman - as a REIT NRR must distribute 90% or more of its tax exempt income profits. In that sense the dividend is out of its control; it can neither prop it up from reserves, as there aren't any, nor squirrel some away for a rainy day. It can do what it wants with trading profits. Given that capital values and rent are inextricably linked, and that a DCF to termination is a consequence of both, or at least just the land can be counted in the terminal value, the share price is discounting future impairments to both capital and revenue not yet apparent in current trading.
antho1: Lots of negatives around at the present time. Brexit uncertainty must be having an impact on a company that relies exclusively on the UK economy remaining healthy. Talk of recession if no deal brexit actually occurs doesn't help. Investors are cautious. On the positive side interest rates are forecast to remain low for years so the yield on NRR is exceptional as long as it continues. I suspect nothing will happen on the positive side to the share price until brexit is finalised (hopefully positively) and we get the half year results on 21st November. This is not really a share for short termism but if the dividends are maintained then it is still a good long terms hold. In 10 years time the share price will be higher and in the meantime the income is excellent.
spectoacc: "I still think that the most risky properties are the medium-sized sheds in second-rate locations, mostly edge-of-town. There are very few new operators coming through to occupy the space when they fall vacant. And the vacancy costs for landlords are breathtaking. Doesn't apply to NRR much though." Agreed - see my post 603 example above. Otherwise - fair points about there still being units taken and rents uplifted, but remember all of this is without a recession and with record high employment. Interesting BLND/LAND ramp in the Sunday Times at the weekend, saying basically the discounts price in more than enough downside risk. Not sure I'd agree but I do think NRR already prices in a lot (notwithstanding the lean towards pubs - take a look at the state of MARS's share price for eg).
mrtenpercent: I have to build an income portfolio at the moment to replace the income from Buy-to-Let properties which we are selling and I have been looking at NRR. I was a retail surveyor/property manager for many years and so far my research suggests NRR is a serious contender for inclusion, except for two huge flies in the ointment: the Woodford 28% (+Invesco 15%?) holding and the shorts who have been piling in for the last year. I suspect the two factors are linked and the short strategy is based on an assumption that Woodford will have to sell due to redemptions and such a large sale in a market that distrusts retail property will have a catastrophic effect on the share price. But I am puzzled because it isn't Woodford's funds that hold NRR, it is Woodford Investment Management (WIM) which seems to be separate legally from the funds. Does anyone know whether fund redemptions in Woodford's two open ended funds (Income Focus & Equity Income) might force a sale of all or part of the WIM holdingin NRR? Obviously the Patient Capital Trust doesn't have redemptions as such. And if such a sale is a real risk, can the directors of NRR do something to prevent the shares being dumped on the open market by going out and looking for institutional buyers to take Woodford's holding off his hands? Or is that illegal in some way?
hpcg: Right - if the smart people are selling rather than buying that does suggest they'd rather have the cash, or not debt, than the rental stream. As EI points out an RI can permanently impair existing equity, which in any case would have be dropping in value because of the distress. Without a capital raise, and with a sufficient time horizon, it would be possible to close ones eyes to a lower NAV if the yield on purchase price was sufficient. To an extent there is some protection here in the latter case, as at today's purchase price a distribution trimmed by a third would still be 6%, which is going to be well above government scrip and cash. Not as good as picking the bottom though, and eyes closed or not a lower share price is a reduction of wealth whether realised or not and as SpectoAcc is keen to point out any reduction in distribution would hit the share price.
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).
Newriver Reit share price data is direct from the London Stock Exchange
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