Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
NewRiver REIT ( (GB:NRR) ) just unveiled an update.
NewRiver REIT has announced a successful third quarter, highlighted by the acquisition of Capital & Regional Plc for £151 million, significantly increasing its portfolio size by 65% to £0.9 billion. This strategic move is expected to enhance earnings and dividends, with the integration already showing strong operational metrics and high occupancy rates. The company reported substantial in-store spending growth in its portfolio during the Christmas period, outperforming the UK retail average, particularly in discount and value sectors. With cost synergies from the acquisition and expanded capital partnerships, NewRiver is well-positioned for sector-leading returns in the short and medium term.
More about NewRiver REIT
NewRiver REIT plc is a prominent Real Estate Investment Trust focused on acquiring, managing, and developing robust retail assets across the UK. With the recent acquisition of Capital & Regional in December 2024, NewRiver has expanded its portfolio to £0.9 billion, covering 8.2 million square feet. This portfolio includes 28 community shopping centres and 13 retail parks, mainly occupied by tenants offering essential goods and services. Additionally, NewRiver manages a total of £2.5 billion in assets, including shopping centres and retail parks, for Capital Partners. The company’s goal is to maintain a resilient retail portfolio in the UK, emphasizing retail parks, core shopping centres, and regeneration opportunities to provide long-term income returns and capital growth for shareholders.
YTD Price Performance: -4.09%
Average Trading Volume: 636,784
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £334.7M
See more insights into NRR stock on TipRanks’ Stock Analysis page.
