NEWRIVER REIT LS-,01 Aktie

With effect from 1 August 2026, NewRiver REIT has appointed two women to its board: Sarah Williams will become an independent non-executive director and brings 35 years of experience at Ernst & Young; she is to serve on the audit, remuneration and nomination committees. Edith Monfries will become an executive director; she has been with NewRiver since 2015 and is currently Chief Operating and People Officer. NewRiver manages a portfolio valued at £0.8bn plus additional assets on behalf of capital partners, bringing total assets under management to £2.1bn. » More on de.investing.com

NewRiver REIT will pay a final dividend of 3.6 pence per share for the year ended 31 March 2026, payable on 7 August 2026. Shareholders on the register on 19 June are entitled to the dividend; the ex-dividend date is 18 June. Shareholders may elect to receive new ordinary shares instead of cash under the approved scrip dividend scheme; the election deadline is 17 July 2026 and the issue price will be announced before the deadline. » More on de.investing.com

NewRiver REIT reports adjusted operating result (FFO) of £37.2m for the 2026 financial year, up 22% year on year. The company completed a 10% share buyback and recorded an IFRS net profit after tax of £31.7m; the full-year contribution from the acquisition of Capital & Regional and annual net cost synergies of £6.2m were key drivers of the growth. The like-for-like portfolio valuation rose 0.7%, lettings were on average 8.5% above expected rental value (ERV) and 37.3% above the previous rent, while asset disposals were made at book value. NewRiver expects rising financing costs over the next three years to be offset by rental growth and judges demand for price-sensitive consumer goods to be resilient. » More on de.investing.com

NewRiver REIT has agreed an unsecured credit facility of £240m with Barclays, HSBC, NatWest and Santander, comprising a bullet commitment of £120m (maturity April 2030) and a £120m revolving credit line (maturity April 2031). The revolver is £20m larger than previously and, at the current loan-to-value, carries a margin of 175 basis points. NewRiver plans to delay drawdown until January 2027 to continue using the 3.5% coupon on its existing secured Mall Facility and will return to a fully unsecured capital structure on drawdown; Rothschild & Co advised on the transaction. The company remains focused on its unsecured £300m corporate bond (maturity March 2028) and holds a retail portfolio valued at £0.8bn. » More on de.investing.com

Shareholders of NewRiver REIT voted in favour of a special resolution, with 99.92% of the votes, to allow the company to repurchase up to 10% of its issued ordinary shares. There are currently no plans for a specific buyback programme; the authority is intended to give the board flexibility for future market purchases. NewRiver specialises in retail properties in the UK and, following the acquisition of Capital & Regional, owns a portfolio of 24 neighbourhood convenience centres and 12 retail parks. » More on de.investing.com