Newriver Reit Plc

0.40 (0.46%)
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
  0.40 0.46% 87.50 361,757 16:35:24
Bid Price Offer Price High Price Low Price Open Price
87.20 87.90 87.90 87.00 87.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trust 96.90 -26.60 -8.60 - 1.40
Last Trade Time Trade Type Trade Size Trade Price Currency
17:54:50 O 697 87.50 GBX

Newriver Reit (NRR) Latest News (1)

Newriver Reit (NRR) Discussions and Chat

Newriver Reit Forums and Chat

Date Time Title Posts
08/6/202312:13New River Retail4,075
02/8/201916:01Newriver Reit6
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
2023-06-08 16:55:0087.50697609.88O
2023-06-08 16:53:3987.50309270.38O
2023-06-08 16:49:5487.502,8822,521.63O
2023-06-08 16:33:0987.50900787.47O
2023-06-08 15:35:2487.5029,13425,492.25UT

Newriver Reit (NRR) Top Chat Posts

Top Posts
Posted at 13/4/2023 08:25 by lord gnome
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.

Posted at 18/1/2023 19:15 by orchestralis
Lots of share buying through dividend reinvestments perhaps
Posted at 18/1/2023 14:37 by lord gnome
Brisk trading again today. Someone is buying in 100k lots and driving up the share price. Long may it continue.
Posted at 25/11/2022 10:26 by mindthestash
It's as good a result as could be expected. I think the share price remaining static indicates most investors se this as managing decline so the yield may not compensate for inflation going fwd.

I'd prefer the management to concentrate on delivering planning and development gains for the moribund shopping centres. Magement fee income is a downside for me as my experience is that managing other people's assets is a distraction and involves too much overheads cost and time commitment in order to get up to speed. Overall looks like a solid business in a declining sector but upside looks good for redevelopment value to compensate for rent under inflation.

Posted at 24/11/2022 13:22 by feddie

Unfortunately, there was no dividend catch-up. The dividend policy announced in June 2021 was that they would pay out 80% of UFFO. The dividend corresponding to the period ending 30/09/21 was 4.1p which follows the policy. The new dividend announced today of 3.5p follows the same calculation. The unfortunate thing is that the UFFO has dropped from 5.5p in Sep 2021 to 4.4p in Sep 2022. All data taken from:

Dividend policy:

2021 UFFO and interim dividend:

2022 UFFO and interim dividend:

Posted at 24/11/2022 10:38 by giltedge1
NRR results read well, with tenants mainly robust lower price end B&M, TK Maxx, Aldi etc. occupancy excellent & since large writedowns in Assets, in previous years, NAV unlikely to fall much. Management Income rising added a few % to EPS in future years. As a REIT forced to distribute 90%, Rental EPS a nice problem if an investor. I would like to buy but short of cash at moment. Fill your boots 10% yield.
Posted at 22/11/2022 22:05 by hugepants
17 Nov 22

NRR NewRiver REIT+ (NRR, House Stock, 71p) New operational management agreement signed NewRiver REIT, a leading real estate group focused on essential and convenience retail, has announced it has been appointed to manage a retail portfolio of 16 retail parks and one shopping e based on the rental income of the portfolio, while no capital is to be committed by NewRiver. The investor, fees and locations have not been disclosed. Following on from the addition of The Moor, Sheffield last year and the expansion of the asset management agreement with Canterbury City Council for Whitefriars Shopping Centre, we see this larger portfolio in a capital light manner. Furthemore, it is consistent with NewRivers medium term target to generate £3-5m of annual management fee income. Although no financials were disclosed (we estimate less than £1m based on its own portfolio), we expect the incremental income from this income stream to be modestly accretive to FFO and, over time, help to narrow the discount to NAV.

NewRiver is set to issue issue interim results for the six months to September on Thursday 24th November. The Q1 update highlighted further underlying progress and we were encouraged by recent commentary from Land Securities and British Land on the resilience of shopping centres and retail parks during the period. NAV based on the March 2022 valuation stands at c133p per share and we forecast a FY23F dividend of 6p per share. At 72p per share, NewRiver trades at 0.5x historic book value, with a dividend yield of 8.4% (80% payout ratio). With the ongoing repositioning of the estate towards resilient retail, we see NewRiver as well positioned in an uncertain sector, with starting property yields high, a broad and diverse tenant base focused on the value end of retail and balance sheet metrics improving, with the March 2022 LTV at 34%

Posted at 17/10/2022 13:25 by hugepants
Agree I don't see NRR properties falling in value by too much. I think most of the damage was done during covid. The LTV covenants are at 50% so NRR have plenty of cover. Goldman Sachs is predicting a 15%-20% fall for UK commercial property over the next few years. If values did drop 20% then LTV would only be 42.5%.
Posted at 06/9/2021 12:26 by chucko1
They have the same number of High St. shops they did when the share price was both 220p and 43p.

Peoples' concerns seem to reflect the recent share price action rather than the real stuff going on. But this has materially affected NRR in that valuers were concerned about all sorts of properties when the shooting started in March 2020 and NRR's sale of the pubs more reflects a need to strengthen its balance sheet than any real issues with the business. That has cost them as they got an acceptable, but not good price in the sale. So some capital loss sustained. Some of the missing rent also has added to permanent loss of capital. But, I would say, not too much.

Nevertheless, there remain a lot of unknowns with NRR that will take time to play out. More years than I originally planned for, but that's OK - you manage your risk and therefore can deal with one or two stocks remaining challenging. This uncertainty worries some. They are not disposed to seeing ludicrous value at 44p (after a huge sale by an institution at indecent speed) and therefore missing what was 150% upside.

People who see NRR as simply one thing regardless of the price are unlikely to ever see what is on offer here. Same as EPIC was and RGL was. And SREI. And AEWU and some others, although NRR nearer the eye of the storm.

Posted at 06/9/2021 07:27 by lord gnome
I am well under the water with my initial investment in NRR for the reasons that fenners66 states. I bought for the yield after hearing management present at Mello in Derby a few years back. I bought the idea of community stores. I bought the idea of community pubs and the alternative use possibilities after seeing a pub near me that NRR had converted into a community co-op. I liked the yield. I watched the share price fall back until it reached a level which I thought would act as support and then I bought. How wrong I was! The share price continued to fall and the divi evaporated.
I have, however been adding at these low levels in anticipation of a 7p annual dividend starting this year and a 10% yield on my purchase prices, plus a decent discount to nav.
The pubs have gone, the balance sheet is in better shape and the community shops will continue to thrive, as will out of town shopping.
I doubt that we will ever see the share price reach dizzy heights of my original purchase, but I can see a decent return on my total investment and a good income from it.

Newriver Reit share price data is direct from the London Stock Exchange
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