NewRiver REIT (GB:NRR) has released an update.
NewRiver REIT PLC reported continued strong operational performance and stable valuation for the year ending 31 March 2024, with a confident outlook for future growth. With a record occupancy of 98.0% and a portfolio valued at £544m outperforming the benchmark, the company’s balance sheet shows a healthy cash increase and a positioned readiness for expansion. The company has also invested in its asset management platform and is actively engaging new capital partnerships to further drive growth and rental income.
For further insights into GB:NRR stock, check out TipRanks’ Stock Analysis page.
