NewRiver REIT posts strong Q3 as leasing, disposals and regeneration strengthen UK retail portfolio

The latest update is out from NewRiver REIT ( (GB:NRR) ).

NewRiver REIT reported a strong third quarter, driven by robust leasing momentum, rising occupancy and active capital recycling across its UK retail portfolio. The company completed 234,500 sq ft of new lettings and renewals in the quarter, securing £2.1 million in annualised income, with long-term deals signed in line with estimated rental value and significantly ahead of previous rents, and year-to-date leasing showing substantial uplifts versus both ERVs and prior rents. Operational metrics improved, with portfolio occupancy rising to 96.1% and a high retailer retention rate of 91%, supported by resilient in-store consumer spending over the key Christmas trading period, particularly in grocery and discount sectors, which offset weakness in value fashion. NewRiver is on track to complete around £40 million of disposals in the second half, having sold assets including The Marlowes in Hemel Hempstead and Sprucefield Retail Park, and exchanged contracts to dispose of Cuckoo Bridge Retail Park, moves that streamline the portfolio and reinforce its balance sheet. The company also advanced key regeneration and repositioning initiatives, notably a joint venture with Mid Sussex District Council for the mixed-use redevelopment of The Martlets in Burgess Hill and an agreement for lease with an experiential leisure operator at the Capitol Centre in Cardiff, which upgrades that asset to core status and reduces the proportion of non-core ‘Work Out and Other’ assets. Management highlighted that improved rate relief for retail, hospitality and leisure will lower business rates for tenants despite higher rateable values, enhancing rental affordability and supporting NewRiver’s confidence in further earnings growth and a well-covered dividend heading into FY27.

The most recent analyst rating on (GB:NRR) stock is a Buy with a £98.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.

Spark’s Take on GB:NRR Stock

According to Spark, TipRanks’ AI Analyst, GB:NRR is a Outperform.

NewRiver REIT’s strong financial performance and attractive valuation are key strengths, supported by positive technical indicators and strategic corporate events. However, high leverage and refinancing needs present potential risks.

To see Spark’s full report on GB:NRR stock, click here.

More about NewRiver REIT

NewRiver REIT plc is a UK-listed real estate investment trust specialising in buying, managing and developing resilient retail assets, including community shopping centres and retail parks across the UK. Following its acquisition of Capital & Regional in December 2024, the company controls a £0.8 billion portfolio spanning 7.1 million sq ft, focused on tenants providing essential goods and services, and manages additional assets on behalf of capital partners, taking total assets under management to £2.3 billion. Its strategy is to own and manage one of the UK’s most resilient retail portfolios, centred on retail parks, core shopping centres and regeneration projects to generate long-term recurring income and capital growth for shareholders.

Average Trading Volume: 1,137,242

Technical Sentiment Signal: Buy

Current Market Cap: £298.7M

See more insights into NRR stock on TipRanks’ Stock Analysis page.