NewRiver REIT (GB:NRR) has released an update.
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NewRiver REIT has reported a strong first quarter for FY25, with growth in leasing transactions, high occupancy and tenant retention rates, and the acquisition of Ellandi boosting its Capital Partnership business. The company now manages £2 billion in retail real estate assets with £190 million in annual rent from over 3,000 tenants. Additionally, NewRiver’s robust balance sheet shows £134 million in cash, with a good position for future capital deployment while considering a possible offer for Capital & Regional plc.
For further insights into GB:NRR stock, check out TipRanks’ Stock Analysis page.