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NewRiver REIT
(LSE:NRR)
NewRiver REIT (NRR) vs. S&P 500 (SPY)
NewRiver REIT Business Overview & Revenue Model
NewRiver REIT Financial Statement Overview
| Breakdown | ||||
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 65.80M | 73.70M | 75.00M | 74.90M | 146.30M | Gross Profit |
| 44.90M | 46.40M | 47.10M | 49.20M | 90.70M | EBIT |
| 12.90M | 35.20M | 36.70M | 30.70M | 66.50M | EBITDA |
| 29.70M | 35.80M | 37.50M | 31.50M | 68.10M | Net Income Common Stockholders |
| 3.00M | -16.80M | 7.00M | -122.10M | -121.10M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 132.80M | 108.60M | 82.80M | 150.50M | 80.80M | Total Assets |
| 759.60M | 781.50M | 819.10M | 1.23B | 1.38B | Total Debt |
| 372.20M | 373.40M | 371.50M | 715.30M | 714.90M | Net Debt |
| 239.40M | 264.80M | 288.70M | 564.80M | 634.10M | Total Liabilities |
| 398.50M | 402.90M | 405.00M | 765.50M | 767.70M | Stockholders Equity |
| 361.10M | 378.60M | 414.10M | 460.40M | 610.60M |
| Cash Flow | Free Cash Flow | |||
| 16.60M | 24.00M | 34.90M | -4.40M | 21.40M | Operating Cash Flow |
| 22.70M | 27.00M | 47.50M | 8.90M | 45.60M | Investing Cash Flow |
| 23.60M | 18.80M | 239.80M | 62.90M | -40.50M | Financing Cash Flow |
| -22.10M | -20.00M | -355.00M | -2.10M | 48.60M |
NewRiver REIT Technical Analysis
NewRiver REIT Peers Comparison
NewRiver REIT Corporate Events
NewRiver REIT has partnered with Royal Mail to introduce a new parcel locker network across its UK shopping centres and retail parks. This initiative, which will see lockers installed in over 60 locations, aims to enhance convenience for shoppers, increase footfall, and boost customer spending. The partnership aligns with Royal Mail’s strategy to expand its parcel services and leverages NewRiver’s extensive property portfolio. The rollout has begun in Essex and is set to continue over the next six months, providing NewRiver with a modest income while supporting community-focused retail environments.
NewRiver REIT has announced a new 15-year lease agreement with Sainsbury’s for a 48,100 sq ft unit at Cuckoo Bridge Retail Park in Dumfries, marking the first Sainsbury’s store in the area. This development not only revitalizes a previously vacant unit but also highlights strong demand for NewRiver’s retail park portfolio, with rental terms significantly above previous levels. The new store is expected to open in early 2026, creating at least 100 jobs and enhancing the local retail offering, further demonstrating the strength of the UK retail market and the importance of physical stores for omni-channel operators.
NewRiver REIT plc has announced its total voting rights, which stand at 475,442,219. This figure is crucial for shareholders as it serves as the denominator for calculating their interests under the FCA’s Disclosure and Transparency Rules, impacting their notification requirements regarding interest changes.
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.
NewRiver REIT plc has announced the allotment of 585,585 Ordinary Shares to be admitted to the Official List of the Financial Conduct Authority and the London Stock Exchange. This issuance is part of the company’s Scrip Dividend Scheme related to the interim dividend for the six months ending 30 September 2024. The newly issued shares will hold the same rights as the existing ordinary shares, which indicates a strategic move to enhance shareholder returns through dividends, reflecting positively on NewRiver’s financial strategies.
NewRiver REIT has announced its total voting rights to comply with the Disclosure and Transparency Rules of the Financial Conduct Authority. The company’s issued share capital includes 476,498,423 ordinary shares, with 474,816,301 shares having voting rights, providing a basis for shareholders to determine their notification requirements regarding their interest in the company.
NewRiver REIT PLC announced the scrip dividend reference price for shareholders opting for the scrip dividend alternative for the interim dividend ending 30 September 2024, set at 73.41 pence per ordinary share. This scrip dividend scheme allows shareholders to receive additional shares instead of cash dividends, approved at the July 2023 Annual General Meeting, with no stamp duty or dealing charges, enhancing shareholder flexibility and potentially increasing shareholding value.
NewRiver REIT announced that its CEO, Allan Lockhart, exercised 181,450 nil-cost options under the company’s Deferred Bonus Plan, resulting in an increase of his beneficial shareholding to 726,280 shares. This transaction, conducted on the London Stock Exchange, involved selling 85,711 shares to cover tax liabilities and was carried out without issuing new shares, as it was fulfilled using shares from the Employee Benefit Trust. The action aligns with regulatory requirements under the UK Market Abuse Regulation.
NewRiver REIT plc, a company involved in the real estate investment trust sector, has announced a managerial transaction involving its Chief Financial Officer, Will Hobman. On December 17, 2024, Hobman exercised 133,085 nil-cost options from the company’s Deferred Bonus Plan, leading to an increase in his beneficial interest to 495,771 Ordinary Shares. To cover associated tax liabilities, 62,865 shares were sold. This transaction is in compliance with the UK Market Abuse Regulation.
Clearance Capital Limited, a discretionary investment management firm, has crossed a new threshold of voting rights in NewRiver REIT plc, holding a total of 2.629% of voting rights. This change in voting rights, primarily through financial instruments, reflects a shift in the shareholder’s position due to the issuance of new shares by NewRiver REIT, potentially impacting the company’s governance and stakeholder dynamics.
NewRiver REIT PLC has undergone a significant change in its voting rights structure, as FIL Limited, a Bermuda-registered entity, now holds 11.1758% of the voting rights. This change, effective from December 12, 2024, reflects a decrease from a previous position of 13.8246%, and may impact the company’s governance and influence within its market segment.
NewRiver REIT PLC has announced its total voting rights following an update to its share capital. The company now has 474,097,996 voting rights, which is significant for shareholders as it determines the threshold for disclosure requirements under FCA rules, impacting how shareholders manage their interests.
NewRiver REIT has declared a dividend of 3.0 pence per share for the six months ending 30 September 2024. The dividend will be distributed as a Property Income Distribution on 28 January 2025 to shareholders on record as of 20 December 2024. Shareholders can opt to receive additional shares instead of cash dividends through the company’s scrip dividend scheme, which incurs no dealing charges or stamp duty. This scheme allows shareholders to enhance their investment in the company while providing flexibility in dividend reception.
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.