NewRiver REIT Sells Abbey Centre for £58.8 Million

NewRiver REIT ( (GB:NRR) ) just unveiled an update.

NewRiver REIT has successfully sold the Abbey Centre in Newtownabbey, Northern Ireland, to The Herbert Group for £58.8 million, aligning with its book values from March 2024 and 2025. This transaction, which reflects a net initial yield of approximately 9%, is part of NewRiver’s strategy to recycle capital into opportunities with better income and growth potential, reducing its loan-to-value ratio by about 4%. The sale underscores NewRiver’s asset management capabilities and highlights the improving investor demand for UK shopping centres.

The most recent analyst rating on (GB:NRR) stock is a Buy with a £90.00 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 Neutral.

NewRiver REIT scores a 67, reflecting a combination of robust cash flow management, strategic corporate actions, and attractive valuation metrics. However, challenges in revenue growth and profitability, alongside mixed technical indicators, moderate the overall score. The company’s strategic focus on essential retail assets and successful integration of acquisitions provide a positive outlook, but financial performance and technical trends suggest caution.

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

More about NewRiver REIT

NewRiver REIT plc is a prominent Real Estate Investment Trust that focuses on acquiring, managing, and developing resilient retail assets across the UK. With a portfolio valued at £0.8 billion, NewRiver owns 27 community shopping centres and 13 retail parks, primarily occupied by tenants offering essential goods and services. The company aims to maintain a robust retail portfolio, emphasizing retail parks, core shopping centres, and regeneration opportunities to provide long-term income returns and capital growth for shareholders.

Average Trading Volume: 708,598

Technical Sentiment Signal: Buy

Current Market Cap: £379.4M

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