NRR Stock Overview
NewRiver REIT plc (‘NewRiver’) is a leading Real Estate Investment Trust specialising in buying, managing and developing essential retail and leisure assets throughout the UK.
NewRiver REIT Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£0.89|
|52 Week High||UK£1.02|
|52 Week Low||UK£0.70|
|1 Month Change||-1.33%|
|3 Month Change||-0.78%|
|1 Year Change||5.96%|
|3 Year Change||-39.77%|
|5 Year Change||-74.42%|
|Change since IPO||-65.14%|
Recent News & Updates
Need To Know: Analysts Are Much More Bullish On NewRiver REIT plc (LON:NRR) Revenues
NewRiver REIT plc ( LON:NRR ) shareholders will have a reason to smile today, with the analysts making substantial...
|NRR||GB REITs||GB Market|
Return vs Industry: NRR exceeded the UK REITs industry which returned -10.4% over the past year.
Return vs Market: NRR exceeded the UK Market which returned -7.8% over the past year.
|NRR Average Weekly Movement||4.9%|
|REITs Industry Average Movement||3.6%|
|Market Average Movement||5.4%|
|10% most volatile stocks in GB Market||10.8%|
|10% least volatile stocks in GB Market||2.7%|
Stable Share Price: NRR is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NRR's weekly volatility (5%) has been stable over the past year.
About the Company
NewRiver REIT plc (‘NewRiver’) is a leading Real Estate Investment Trust specialising in buying, managing and developing essential retail and leisure assets throughout the UK. Our £1.1 billion portfolio covers 9 million sq ft and comprises 33 community shopping centres, 24 conveniently located retail parks and 700 community pubs. We hand-picked our assets to deliberately focus on occupiers providing essential goods and services, and avoid structurally challenged sub-sectors such as department stores, mid-market fashion and casual dining.
NewRiver REIT Fundamentals Summary
|NRR fundamental statistics|
Is NRR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NRR income statement (TTM)|
|Cost of Revenue||UK£25.50m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Nov 24, 2022
|Earnings per share (EPS)||0.023|
|Net Profit Margin||9.33%|
How did NRR perform over the long term?See historical performance and comparison
7.4%Current Dividend Yield
Is NRR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NRR?
Other financial metrics that can be useful for relative valuation.
|What is NRR's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NRR's PE Ratio compare to its peers?
|NRR PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CAL Capital & Regional
CAPC Capital & Counties Properties
SUPR Supermarket Income REIT
NRR NewRiver REIT
Price-To-Earnings vs Peers: NRR is expensive based on its Price-To-Earnings Ratio (39.2x) compared to the peer average (7.7x).
Price to Earnings Ratio vs Industry
How does NRR's PE Ratio compare vs other companies in the GB REITs Industry?
Price-To-Earnings vs Industry: NRR is expensive based on its Price-To-Earnings Ratio (39.2x) compared to the UK REITs industry average (6.3x)
Price to Earnings Ratio vs Fair Ratio
What is NRR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||39.2x|
|Fair PE Ratio||17.4x|
Price-To-Earnings vs Fair Ratio: NRR is expensive based on its Price-To-Earnings Ratio (39.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.4x).
Share Price vs Fair Value
What is the Fair Price of NRR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NRR (£0.89) is trading above our estimate of fair value (£0.24)
Significantly Below Fair Value: NRR is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is NewRiver REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NRR's forecast earnings growth (24.9% per year) is above the savings rate (0.9%).
Earnings vs Market: NRR's earnings (24.9% per year) are forecast to grow faster than the UK market (9.8% per year).
High Growth Earnings: NRR's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NRR's revenue (4.4% per year) is forecast to grow faster than the UK market (4.4% per year).
High Growth Revenue: NRR's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NRR's Return on Equity is forecast to be low in 3 years time (5%).
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How has NewRiver REIT performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRR has a large one-off loss of £11.6M impacting its March 31 2022 financial results.
Growing Profit Margin: NRR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NRR has become profitable over the past 5 years, growing earnings by -48.5% per year.
Accelerating Growth: NRR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NRR has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (107%).
Return on Equity
High ROE: NRR's Return on Equity (1.7%) is considered low.
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How is NewRiver REIT's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NRR's short term assets (£101.7M) exceed its short term liabilities (£34.2M).
Long Term Liabilities: NRR's short term assets (£101.7M) do not cover its long term liabilities (£370.8M).
Debt to Equity History and Analysis
Debt Level: NRR's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: NRR's debt to equity ratio has increased from 59% to 71.4% over the past 5 years.
Debt Coverage: NRR's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: NRR's interest payments on its debt are not well covered by EBIT (1.9x coverage).
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What is NewRiver REIT current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NRR's dividend (7.42%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).
High Dividend: NRR's dividend (7.42%) is in the top 25% of dividend payers in the UK market (5.11%)
Stability and Growth of Payments
Stable Dividend: NRR's dividend payments have been volatile in the past 10 years.
Growing Dividend: NRR's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (24.5%), NRR's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (46.2%), NRR's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Allan Lockhart (57 yo)
Mr. Allan Lockhart serves as the Chief Executive Officer of NewRiver REIT plc since May 1, 2018 and serves as its Director since November 19, 2010. Mr. Lockhart Founded NewRiver REIT plc in 2009. He served...
CEO Compensation Analysis
Compensation vs Market: Allan's total compensation ($USD1.19M) is about average for companies of similar size in the UK market ($USD1.05M).
Compensation vs Earnings: Allan's compensation has been consistent with company performance over the past year.
Experienced Management: NRR's management team is considered experienced (3.3 years average tenure).
Experienced Board: NRR's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NRR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NewRiver REIT plc's employee growth, exchange listings and data sources
- Name: NewRiver REIT plc
- Ticker: NRR
- Exchange: LSE
- Founded: 2009
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: UK£274.461m
- Shares outstanding: 308.73m
- Website: https://www.nrr.co.uk
Number of Employees
- NewRiver REIT plc
- Level 1 Prince Frederick House
- 16 New Burlington Place
- East Lothian
- W1S 2HX
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/13 00:00|
|End of Day Share Price||2022/08/12 00:00|
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.