NewRiver REIT (LON:NRR) Announces Quarterly Earnings Results

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

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

• 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 Stock Down 1.8%

NRR stock opened at GBX 76.70 on Tuesday. The stock’s 50 day moving average is GBX 74.37 and its 200-day moving average is GBX 72.87. NewRiver REIT has a twelve month low of GBX 65.70 and a twelve month high of GBX 81.70. The firm has a market capitalization of £330.33 million, a PE ratio of 11.28, a P/E/G ratio of -3.14 and a beta of 0.62. The company has a quick ratio of 3.00, a current ratio of 1.94 and a debt-to-equity ratio of 113.22.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 98 price target on shares of NewRiver REIT in a research note on Tuesday. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 100 price objective on shares of NewRiver REIT in a research note on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating and set a GBX 96 target price on shares of NewRiver REIT in a research note on Friday, April 17th. Finally, Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 98.

NewRiver REIT Company Profile

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.