Tuesday broker round-up
4th Jun 2019 13:55
(Sharecast News) - NewRiver: Berenberg downgrades to hold with a target price of 248p.
Read moreNewRiver sells Asda foodstore, petrol station for ?17.9m
4th Jun 2019 07:36
(Sharecast News) - Real estate investment trust NewRiver said it had sold a 70,000 sq ft Asda foodstore and petrol filling station in Wales to a private investor for £17.9m.
Read moreNewRiver keeps head above water amid retail storm
23rd May 2019 09:03
(Sharecast News) - NewRiver REIT said on Thursday that its business model was delivering "sustainable" cash returns, underpinned by its unsecured balance sheet, as its full-year funds from operations fell to £56.4m from £60.3m.
Read moreFocus on convenience assets leads performance at NewRiver
17th Jan 2019 08:33
(Sharecast News) - NewRiver REIT updated the market on its third quarter on Thursday, reporting that its "active approach" was delivering "resilient performance" from its convenience-led community assets.
Read moreNewRiver upbeat on first half despite industry-wide struggles
21st Nov 2018 12:54
(Sharecast News) - NewRiver REIT reported "robust" cash returns in its half-year results on Wednesday, even as funds from operations decreased to £25.3m from £26.5m year-on-year.
Read moreNewRiver signs asset management agreement with Canterbury council
19th Sep 2018 07:24
(Sharecast News) - NewRiver has signed an asset management agreement with Canterbury City Council for the asset management of Whitefriars Shopping Centre, it announced on Wednesday.
Read moreNewRiver Retail moving to main market on Thursday
17th Aug 2016 14:52
(ShareCast News) - NewRiver Retail announced on Wednesday that the Royal Court of Guernsey has made an order sanctioning the scheme to change its corporate structure. The AIM-traded firm had proposed to change the NewRiver group's corporate structure by inserting a new English-incorporated parent co
Read moreNewRiver Retail confident of withstanding Brexit worries
12th Jul 2016 10:35
(ShareCast News) - Property trust NewRiver Retail said it was well placed to withstand any market uncertainties post Brexit as it reported assets under management of £1.2bn in the first quarter, compared with £1.1bn for the same period last year. Rent roll under management was £107.5m a year against
Read moreDirector dealings: Debenhams and NewRiver execs go bargain hunting
7th Jul 2016 16:18
(ShareCast News) - A pair of Debenhams directors have dipped into the market as shares in the department store group sank to a seven-year low, while the chief executive of NewRiver Retail has also looked to top up his holdings as the retail property investment group subsided to a 20-month low. Senio
Read moreNewRiver Retail adds major Dumfries retail park
22nd Jun 2016 11:23
(ShareCast News) - Real estate investment trust NewRiver Retail announced on Wednesday that it has completed the acquisition of Cuckoo Bridge Retail Park in Dumfries from an unnamed "large listed property company," for a total of £20.2m funded from existing cash resources. The AIM-traded firm said t
Read moreRespite for high street as retail footfall rallies in May, BRC-Springboard shows
13th Jun 2016 10:04
(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read moreNewRiver Retail buys South East London shopping centre, retail park
18th Apr 2016 09:57
(ShareCast News) - NewRiver Retail has completed the acquisition of a shopping centre and retail park in Bexleyheath, south east London, for £120.3m. The real estate investment trust said its acquisition of the Broadway Shopping Centre and Broadway Square Retail Park equates to a net initial yield o
Read moreNewRiver Retail declares fourth quarter dividend
15th Apr 2016 12:36
(ShareCast News) - NewRiver Retail announced a fourth quarter dividend on Friday, setting aside 4.75p per share for its stockholders. The AIM-traded real estate investment trust said the dividend per share for the year totalled 18.5p. It will pay the quarterly dividend in segments, with 2.75p as an
Read moreNewRiver reports 'highly active' third quarter with strong Christmas performance
20th Jan 2016 13:28
(ShareCast News) - Real Estate Investment Trust NewRiver Retail said it had a "highly active" third quarter and post-period with transactions totalling £150m. These included £108m in acquisitions, an average yield of 8% and disposals totalling £41m. In a trading statement, NewRiver chief executive
Read moreNewRiver Retail in £108m buying spree
24th Dec 2015 08:01
(ShareCast News) - NewRiver Retail said it it was buying four shopping centres and two retail warehouses for £108m. It said the investments would provide an average yield of 8%. NewRiver said it has exchanged contracts to acquire the Neptune Portfolio for £92.3m, equating to a net initial yield of
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