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NewRiver REIT ( (GB:NRR) ) has issued an announcement.
NewRiver REIT has undergone a transformational period marked by the acquisition of Capital & Regional, which substantially increases its portfolio size by 65% and is expected to deliver significant earnings accretion. The acquisition, partially funded by an oversubscribed equity raise, is anticipated to unlock cost synergies and enable growth despite macroeconomic uncertainties. The company also acquired Ellandi to expand its capital partnerships, further enhancing its asset management capabilities. NewRiver maintains a strong financial position with stable portfolio valuations and a positive outlook, supported by high occupancy and retention rates.
More about NewRiver REIT
NewRiver REIT is a real estate investment trust focusing on retail properties and regeneration projects in the UK. The company is involved in property leasing and asset management, with a market focus on capital partnerships and earnings growth through mergers and acquisitions.
YTD Price Performance: 0.29%
Average Trading Volume: 543,842
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £297.6M
Find detailed analytics on NRR stock on TipRanks’ Stock Analysis page.