NewRiver REIT (LON:NRR) Announces Earnings Results

NewRiver REIT (LON:NRR – Get Free Report) issued its quarterly earnings results on Tuesday. The real estate investment trust reported GBX 7.10 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of £131 million for the quarter. NewRiver REIT had a return on equity of 6.35% and a net margin of 24.96%.

Here are the key takeaways from NewRiver REIT’s conference call:

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• FY 2026 was a strong year, with underlying funds from operations rising to GBP 37.2 million, dividend per share increasing 3% to GBP 0.067, and total accounting return reaching a sector-leading 9.4%.
• The company said the Capital & Regional acquisition has been fully integrated without disruption, delivered GBP 6.2 million of synergies, and helped reshape the portfolio toward London retail, now 43% of the balance sheet.
• Leasing and rental metrics were described as very strong, with rents agreed 37.3% ahead of previous passing rent and 8.5% ahead of ERV, supporting a third straight period of valuation growth and positive reversion capture.
• Management emphasized capital discipline, including GBP 110 million of disposals at book value, a GBP 36 million share buyback, lower LTV at 40%, and a refinancing to a fully unsecured balance sheet with improved liquidity and maturity profile.
• The partnership business remains an important growth driver, with over GBP 2 billion of assets under management and management aiming for continued fee-income growth of around 20% per year over the next three to five years.

NewRiver REIT Price Performance

Shares of LON:NRR opened at GBX 76.70 on Tuesday. The company has a quick ratio of 3.00, a current ratio of 1.94 and a debt-to-equity ratio of 113.22. The company has a market cap of £330.33 million, a P/E ratio of 11.28, a PEG ratio of -3.14 and a beta of 0.62. NewRiver REIT has a 52 week low of GBX 65.70 and a 52 week high of GBX 81.70. The company has a 50-day moving average price of GBX 74.37 and a 200 day moving average price of GBX 72.87.

Analysts Set New Price Targets

NRR has been the subject of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 98 price target on shares of NewRiver REIT in a report on Tuesday. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research note on Tuesday. Jefferies Financial Group restated a “buy” rating and issued a GBX 96 target price on shares of NewRiver REIT in a research note on Friday, April 17th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a research report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, NewRiver REIT presently has a consensus rating of “Buy” and a consensus price target of GBX 98.

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NewRiver REIT Company Profile

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NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.

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