NewRiver REIT plc (NRWRF)
NewRiver REIT plc operates in the REIT - Retail industry of the Real Estate sector, headquartered in London, GL, GB. The stock last traded at $1.02, up 0.00% on the session, giving a market capitalisation of $439.3M. On trailing twelve-month figures it carries a trailing P/E of 11.57, a net margin of 24.4%. Its beta of 0.62 implies it has historically moved less than the broad market.
NewRiver REIT plc, known as NewRiver, stands as a prominent UK-based Real Estate Investment Trust, specializing in the acquisition, management, and enhancement of crucial retail and leisure properties nationwide. The company oversees an expansive portfolio, valued at £1.1 billion and spanning 9 million square feet, which comprises 33 community-focused shopping centers, 24 conveniently located retail parks, and 700 local pubs. NewRiver's strategic asset selection deliberately targets occupiers that provide essential goods and services, consciously steering clear of structurally challenged market segments like department stores, mid-range fashion, and casual dining establishments. This focused strategy, combined with competitive rental rates and prime locations, consistently generates sustainable and increasing returns for its shareholders. Moreover, the firm's proactive approach to asset management and an integrated development pipeline of 2.6 million square feet present further opportunities to extract value from its property holdings. NewRiver holds a Premium Listing on the London Stock Exchange's Main Market, trading under the ticker NRR.
NewRiver REIT plc is most often compared with the following Real Estate names: