NewRiver REIT Future Growth

Future criteria checks 4/6

NewRiver REIT is forecast to grow earnings and revenue by 48.2% and 12% per annum respectively while EPS is expected to grow by 46.1% per annum.

Key information

48.2%

Earnings growth rate

46.1%

EPS growth rate

Retail REITs earnings growth	36.3%
Revenue growth rate	12.0%
Future return on equity	n/a
Analyst coverage	Low
Last updated	13 Jan 2025

Recent future growth updates

Recent updates

Need To Know: Analysts Are Much More Bullish On NewRiver REIT plc (LON:NRR) Revenues

Jun 19

NewRiver REIT plc's (LON:NRR) CEO Might Not Expect Shareholders To Be So Generous This Year

Jul 21

Rainbows and Unicorns: NewRiver REIT plc (LON:NRR) Analysts Just Became A Lot More Optimistic

Jul 20

Founder Allan Lockhart Just Bought 183% More Shares In NewRiver REIT plc (LON:NRR)

Mar 17

Reflecting on NewRiver REIT's (LON:NRR) Share Price Returns Over The Last Five Years

Dec 30

Earnings and Revenue Growth Forecasts

LSE:NRR - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	78	57	41	40	3
3/31/2026	77	59	42	40	3
3/31/2025	55	26	25	39	3
9/30/2024	64	14	19	19	N/A
6/30/2024	65	8	21	21	N/A
3/31/2024	66	3	23	23	N/A
12/31/2023	72	-10	24	24	N/A
9/30/2023	71	-23	25	24	N/A
6/30/2023	73	-20	26	26	N/A
3/31/2023	75	-17	27	27	N/A
12/31/2022	76	5	30	30	N/A
9/30/2022	77	28	33	33	N/A
6/30/2022	76	17	38	40	N/A
3/31/2022	75	7	44	47	N/A
12/31/2021	73	-26	33	37	N/A
9/30/2021	70	-59	22	28	N/A
6/30/2021	73	-91	14	18	N/A
3/31/2021	76	-122	5	9	N/A
12/31/2020	96	-151	15	21	N/A
9/30/2020	117	-179	24	34	N/A
6/30/2020	132	-150	30	40	N/A
3/31/2020	147	-121	35	46	N/A
12/31/2019	145	-91	39	44	N/A
9/30/2019	143	-61	42	42	N/A
6/30/2019	142	-49	38	39	N/A
3/31/2019	141	-37	35	36	N/A
12/31/2018	133	-9	38	39	N/A
9/30/2018	125	19	42	43	N/A
6/30/2018	117	32	N/A	42	N/A
3/31/2018	108	46	N/A	42	N/A
12/31/2017	110	52	N/A	49	N/A
9/30/2017	111	59	N/A	57	N/A
6/30/2017	106	48	N/A	58	N/A
3/31/2017	102	36	N/A	60	N/A
12/31/2016	91	35	N/A	57	N/A
9/30/2016	81	34	N/A	55	N/A
6/30/2016	75	52	N/A	53	N/A
3/31/2016	69	69	N/A	51	N/A
12/31/2015	64	69	N/A	39	N/A
9/30/2015	58	69	N/A	28	N/A
6/30/2015	49	54	N/A	18	N/A
3/31/2015	40	40	N/A	8	N/A
12/31/2014	33	35	N/A	2	N/A
9/30/2014	27	30	N/A	-5	N/A
6/30/2014	25	27	N/A	-2	N/A
3/31/2014	22	23	N/A	0	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NRR's forecast earnings growth (48.2% per year) is above the savings rate (2.1%).

Earnings vs Market: NRR's earnings (48.2% per year) are forecast to grow faster than the UK market (14.5% per year).

High Growth Earnings: NRR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NRR's revenue (12% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: NRR's revenue (12% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if NRR's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/21 18:42
End of Day Share Price	2025/01/21 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NewRiver REIT plc is covered by 12 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Eleanor Frew	Barclays
Sander Bunck	Barclays
Kieran Lee	Berenberg

NewRiver REIT Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 8.7% to UK£0.94

Price target decreased by 10% to UK£0.86

Consensus revenue estimates decrease by 10%, EPS upgraded

Consensus forecasts updated

Consensus forecasts updated

Consensus forecasts updated

Recent updates

New major risk - Shareholder dilution

Founder exercised options and sold UK£68k worth of stock

Price target increased by 8.7% to UK£0.94

First half 2025 earnings released: EPS: UK£0.026 (vs UK£0.008 loss in 1H 2024)

First half dividend reduced to UK£0.03

NewRiver REIT plc Declares Dividend in Respect of the Six Months Ended 30 September 2024, Payable January 28, 2025

Price target decreased by 10% to UK£0.86

New minor risk - Shareholder dilution

NewRiver REIT plc has filed a Follow-on Equity Offering.

Capital & Regional Plc Announces Extension of PUSU Deadline

Capital & Regional Announces Extension of PUSU Deadlines

NewRiver REIT plc Approves to Declare Final Dividend for the Year Ended 31 March 2024

NewRiver REIT plc (LSE:NRR) acquired Ellandi Management Limited for £9 million.

NewRiver REIT plc, Annual General Meeting, Aug 05, 2024

Upcoming dividend of UK£0.032 per share

New major risk - Financial position

Full year 2024 earnings released: EPS: UK£0.01 (vs UK£0.054 loss in FY 2023)

NewRiver REIT plc to Report Fiscal Year 2024 Results on Jun 21, 2024

Capital & Regional Announces Extension to PUSU Deadline

New minor risk - Financial data availability

NewRiver Confirms Proposal to Growthpoint Properties in Regard to Possible Offer of Capital & Regional

NewRiver Confirms Proposal to Growthpoint Properties in Regard to Possible Offer of Capital & Regional

NewRiver REIT plc Appoints Lynn Fordham as Non-Executive Director

Founder exercised options and sold UK£69k worth of stock

Upcoming dividend of UK£0.034 per share at 7.9% yield

First half 2024 earnings released: UK£0.008 loss per share (vs UK£0.013 profit in 1H 2023)

NewRiver REIT plc Declares Dividend for the Six Months Ended 30 September 2023, Payable on 16 January 2024

NewRiver REIT plc to Report First Half, 2024 Results on Nov 23, 2023

NewRiver REIT plc Approves Final Dividend for the Year Ended 31 March 2023

RI UK 1 Limited acquired Kittybrewster Retail Park in Aberdeen and Glendoe and Telford Retail Parks in Inverness from PAF Lux SCA, SICAV-RAIF - PAF Bravo III - Compartment, NewRiver REIT plc (LSE:NRR) for £62.6 million .

New major risk - Revenue and earnings growth

NewRiver REIT plc, Annual General Meeting, Jul 26, 2023

NewRiver REIT plc Proposes Final Dividend in Respect of the Year Ended 31 March 2023, Payable on 4 August 2023

Full year 2023 earnings released: UK£0.054 loss per share (vs UK£0.023 profit in FY 2022)

NewRiver REIT plc to Report Fiscal Year 2023 Results on Jun 06, 2023

Consensus revenue estimates decrease by 10%, EPS upgraded

Consensus forecasts updated

NewRiver REIT plc Declares Interim Dividend in Respect of the Six Months Ended 30 September 2022, Payable on 17 January 2023

Upcoming dividend of UK£0.035 per share

First half 2023 earnings released: EPS: UK£0.013 (vs UK£0.054 loss in 1H 2022)

Consensus forecasts updated

Upcoming dividend of UK£0.033 per share

NewRiver REIT plc Declares Dividend for the Year Ended 31 March 2022, Payable on 2 September 2022

NewRiver REIT plc, Annual General Meeting, Jul 26, 2022

Need To Know: Analysts Are Much More Bullish On NewRiver REIT plc (LON:NRR) Revenues

Consensus forecasts updated

Full year 2022 earnings released: EPS: UK£0.023 (vs UK£0.49 loss in FY 2021)

NewRiver REIT plc Proposes Final Dividend in Respect of the Year Ended 31 March 2022, 2 September 2022

NewRiver REIT plc Announces Executive Appointment

NewRiver REIT plc to Report Fiscal Year 2022 Results on Jun 07, 2022

An unknown buyer acquired Poole Retail Park in Dorset from NewRiver REIT plc (LSE:NRR) and Bravo Strategies Iii Llc, A fund managed by Pacific Investment Management Company LLC for £58 million.

Upcoming dividend of UK£0.041 per share

First half 2022 earnings: EPS and revenues miss analyst expectations

CFO & Director recently bought UK£50k worth of stock

Admiral Taverns Limited completed the acquisition of Hawthorn Leisure Reit Limited from NewRiver REIT plc (LSE:NRR).

Forecast breakeven pushed back to 2023

Price target increased to UK£1.03

CFO & Director Mark Davies has left the company

Upcoming dividend of UK£0.03 per share

NewRiver REIT plc's (LON:NRR) CEO Might Not Expect Shareholders To Be So Generous This Year

Rainbows and Unicorns: NewRiver REIT plc (LON:NRR) Analysts Just Became A Lot More Optimistic

Price target increased to UK£1.01

Full year 2021 earnings released: UK£0.49 loss per share (vs UK£0.40 loss in FY 2020)

Full year 2021 earnings released: UK£0.49 loss per share (vs UK£0.40 loss in FY 2020)

NewRiver REIT plc Proposes Dividend for the Year Ended 31 March 2021, Payable on 3 September 2021

Founder recently bought UK£219k worth of stock

Founder Allan Lockhart Just Bought 183% More Shares In NewRiver REIT plc (LON:NRR)

New 90-day high: UK£0.96

Bravo Strategies Iii Llc, fund managed by Pacific Investment Management Company LLC and NewRiver REIT plc (LSE:NRR) exchanged contracts to acquire The Moor in Sheffield from Cep Asi Ukpf Nominee 1 Limited and Cep Asi Ukpf Nominee 2 Limited for £41 million.