NewRiver REIT (LON:NRR) Posts Quarterly Earnings Results

NewRiver REIT (LON:NRR) announced its quarterly earnings data 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 during the quarter. NewRiver REIT had a net margin of 24.96% and a return on equity of 6.35%.

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 Performance

Shares of NRR stock opened at GBX 76.70 on Tuesday. The company has a market cap of £330.33 million, a price-to-earnings ratio of 11.28, a price-to-earnings-growth 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 quick ratio of 3.00, a current ratio of 1.94 and a debt-to-equity ratio of 113.22. The firm has a 50 day moving average of GBX 74.37 and a 200-day moving average of GBX 72.87.

Analysts Set New Price Targets

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