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NewRiver REIT
(LSE:NRR)
NewRiver REIT (NRR) vs. iShares MSCI United Kingdom ETF (EWC)
NewRiver REIT Business Overview & Revenue Model
NewRiver REIT Earnings Call Summary
NewRiver REIT Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 119.80M | 90.50M | 73.70M | 75.00M | 75.50M | 146.30M |
| Gross Profit | 63.30M | 56.20M | 46.40M | 47.10M | 49.20M | 90.70M |
| EBITDA | 44.40M | 44.80M | 37.80M | 37.50M | 34.60M | 68.10M |
| Net Income | 29.90M | 23.70M | -16.80M | 7.00M | -122.10M | -121.10M |
Balance Sheet | ||||||
| Total Assets | 1.02B | 1.05B | 781.50M | 819.10M | 1.23B | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 88.60M | 61.30M | 108.60M | 82.80M | 150.50M | 80.80M |
| Total Debt | 510.50M | 510.60M | 373.40M | 371.50M | 715.30M | 714.90M |
| Total Liabilities | 565.80M | 564.00M | 402.90M | 405.00M | 765.50M | 767.70M |
| Stockholders Equity | 450.90M | 490.10M | 378.60M | 414.10M | 460.40M | 610.60M |
Cash Flow | ||||||
| Free Cash Flow | 27.50M | 18.70M | 24.00M | 34.90M | -4.40M | 21.40M |
| Operating Cash Flow | 30.70M | 28.40M | 27.00M | 47.50M | 8.90M | 45.60M |
| Investing Cash Flow | 400.00K | -67.80M | 18.80M | 239.80M | 62.90M | -40.50M |
| Financing Cash Flow | -126.90M | -32.10M | -20.00M | -355.00M | -2.10M | 48.60M |
NewRiver REIT Technical Analysis
NewRiver REIT Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £1.07B | 17.33 | 5.54% | 7.70% | 7.57% | ― | |
72 Outperform | £417.64M | 3.34 | 11.71% | 7.17% | 1.60% | 211.81% | |
71 Outperform | £335.48M | 5.78 | 6.94% | 9.66% | 84.02% | 53.97% | |
71 Outperform | £171.05M | 9.16 | 7.37% | 7.43% | -10.95% | -30.09% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | £1.85B | 7.17 | 3.09% | 4.33% | 16.30% | ― | |
61 Neutral | £289.59M | -24.26 | -10.89% | 8.16% | -4.24% | -273.62% |
NewRiver REIT Corporate Events
NewRiver REIT plc has confirmed that its issued share capital comprises 433,053,442 ordinary shares, of which 2,400,974 are held in an Employee Benefit Trust without exercisable voting rights. As a result, the total number of voting rights available to shareholders stands at 430,652,468, a key reference figure for investors monitoring and reporting changes in their holdings under FCA disclosure rules.
The updated voting rights figure provides clarity for institutional and retail investors on the company’s free float and governance framework. This announcement ensures compliance with regulatory requirements and supports transparent ownership reporting, which is important for market participants tracking their thresholds and disclosure obligations in NewRiver REIT.
The most recent analyst rating on (GB:NRR) stock is a Buy with a £93.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.
NewRiver REIT has secured shareholder approval at a general meeting to grant the board authority to repurchase up to 10 per cent of the company’s issued ordinary share capital on the market. The special resolution passed with 99.92 per cent of votes cast in favour, although the company stated it currently has no plans to begin a share buyback programme or conduct any repurchases.
The vote provides NewRiver with additional financial and capital-allocation flexibility, positioning the REIT to act opportunistically should market conditions make buybacks an attractive use of capital. The strong backing for the authority underlines shareholder support for the board’s stewardship and may influence future decisions on capital returns alongside NewRiver’s strategy of owning and managing a resilient UK retail property portfolio.
The most recent analyst rating on (GB:NRR) stock is a Buy with a £88.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.
NewRiver REIT has called a general meeting for 24 February 2026 to seek shareholder approval for a new authority to buy back up to 10% of its issued ordinary share capital, after the previous authority was fully used to acquire and cancel shares sold by major investor Growthpoint Properties in 2025 at a discount to EPRA NTA. Although the board stresses it has no immediate plans to restart buybacks, the move is designed to restore flexibility to repurchase shares while they trade at a steep discount—around 31%—to reported EPRA NTA, with directors arguing that any future buybacks would be undertaken only under favourable conditions to enhance net tangible assets and underlying funds from operations per share, potentially supporting shareholder value and signalling confidence in the company’s valuation.
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.
NewRiver REIT plc has announced that its issued share capital comprises 433,053,442 ordinary shares, of which 2,596,333 are held in an Employee Benefit Trust and do not carry exercisable voting rights. As a result, the company confirmed that it has 430,457,109 voting rights in total, a figure that shareholders should use to determine whether they must disclose holdings or changes in their positions under the UK Financial Conduct Authority’s Disclosure and Transparency Rules, ensuring ongoing compliance and transparency in its shareholder base.
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.
NewRiver REIT has applied to the London Stock Exchange for the admission to trading of 3,083,967 new ordinary shares of 1p each, which are expected to be admitted on 30 January 2026. The new shares are being issued to satisfy shareholder elections under the company’s scrip dividend scheme for the interim dividend covering the six months to 30 September 2025, and will rank pari passu with existing ordinary shares, modestly increasing the company’s share capital while preserving cash that would otherwise have been paid out as dividends.
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.
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.
NewRiver REIT plc has announced that its Non-Executive Chair, Lynn Fordham, has been appointed as a Non-Executive Director of CSG N.V., which began trading on Euronext Amsterdam on 23 January 2026. The additional board role expands Fordham’s portfolio of non-executive positions and may enhance NewRiver’s international connectivity and governance profile, though the company has indicated this change relates solely to her external appointment and does not alter NewRiver’s own operational strategy.
The most recent analyst rating on (GB:NRR) stock is a Buy with a £80.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.
NewRiver REIT has confirmed that its issued share capital comprises 429,969,475 ordinary shares, of which 2,630,275 are held in an Employee Benefit Trust without exercisable voting rights. As a result, the total number of voting rights currently stands at 427,339,200, a figure shareholders should use when assessing whether they must disclose holdings or changes in holdings under UK financial disclosure and transparency regulations.
The most recent analyst rating on (GB:NRR) stock is a Buy with a £80.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.
NewRiver REIT plc has set the scrip dividend reference price for its interim dividend for the six months to 30 September 2025 at 67.44 pence per ordinary share, with the scrip alternative to be treated as a property income distribution. Shareholders wishing to take shares instead of cash must elect by 9 January 2026, with new share certificates due on 30 January 2026, under the scrip dividend scheme last renewed at the July 2023 AGM, which allows investors to reinvest dividends into additional NewRiver shares without dealing charges or stamp duty, supporting capital retention for the company and offering flexibility in how investors receive their returns.
The most recent analyst rating on (GB:NRR) stock is a Buy with a £80.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.
NewRiver REIT announced that its CEO, Allan Lockhart, exercised 357,542 nil-cost options under the company’s Performance Share Plan 2016, with 50% vesting based on performance conditions. Lockhart sold 168,890 shares to cover tax liabilities, resulting in an increased beneficial interest of 1,022,017 Ordinary Shares. This transaction aligns with UK Market Abuse Regulation requirements and reflects the company’s ongoing commitment to aligning executive interests with shareholder value.
The most recent analyst rating on (GB:NRR) stock is a Buy with a £80.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.
NewRiver REIT has signed a conditional agreement with Mid Sussex District Council to form a joint venture for the regeneration of The Martlets shopping centre in Burgess Hill. This project aims to transform the outdated centre into a modern retail and leisure hub, including new homes and a hotel, with construction expected to begin in summer 2026. This partnership highlights NewRiver’s strategic focus on regeneration opportunities, promising significant community and shareholder benefits.
The most recent analyst rating on (GB:NRR) stock is a Buy with a £80.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.
NewRiver REIT announced that CEO Allan Lockhart exercised 203,098 nil-cost options under the company’s Deferred Bonus Plan, increasing his beneficial interest in the company. To cover associated tax liabilities, 96,013 shares were sold, with the transaction being compliant with UK Market Abuse Regulation. This move reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting investor confidence positively.
The most recent analyst rating on (GB:NRR) stock is a Buy with a £80.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.
NewRiver REIT PLC has confirmed compliance with its post-offer intentions following the acquisition of Capital & Regional plc. This acquisition, completed via a scheme of arrangement, reflects NewRiver’s strategic expansion and adherence to regulatory requirements, potentially strengthening its market position and enhancing value for its stakeholders.
The most recent analyst rating on (GB:NRR) stock is a Buy with a £80.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.