Business
Results for the six months ended 30 September 2025
NewRiver REIT PLC reported a strong first half of FY26 with Underlying Funds From Operations (UFFO) increasing by 31% to £15.1 million, or 3.3 pence per share, driven by the acquisition of Capital & Regional. The company's portfolio valuation saw a like-for-like growth of 0.5%, marking two years of stability, and total accounting return improved to +5.4%. The interim dividend was maintained at 3.1 pence per share, and the company completed a share buyback of 47.7 million shares. Occupancy remained high at 95.3%, with a robust tenant retention rate of 96%, and the balance sheet is supported by stable leverage and a reaffirmed investment grade credit rating from Fitch. Disclaimer*
About this update from Newriver Reit Plc
[{"type":"text","content":"\n\n \n \n \n \n \n\n\n\n\nNewRiver REIT PLC\n\n\n\n\nPreliminary unaudited results for the period ended 30 September 2025\n\n\n\n\n2 December 2025\n\n\n\n\n\n\n \n \nStrong operational momentum and earnings growth\n \nAllan Lockhart, Chief Executive commented: \"The first half of FY26 has been another positive period for NewRiver. The successful integration of Capital & Regional has enhanced the scale of our business and delivered immediate operational and financial benefits. Our enlarged portfolio, focused on convenience-led and value-oriented retail, is performing well, with high occupancy, robust tenant retention and continued leasing momentum all of which is underpinned by strong customer spending in essential retail.\n \nThe UK retail real estate market continues to evolve, and NewRiver is exceptionally well positioned to benefit from the structural trends favouring physical, convenience-led retail formats. Our assets are in the heart of local communities, providing essential goods and services, and we are seeing growing investor interest in the capital markets.\n \nOur portfolio's like-for-like valuation grew by +0.5%, marking a second consecutive half-year period of growth and two years of valuation stability. Against this backdrop, we have maintained a disciplined approach to capital allocation, selling three shopping centres at close to book value and then recycling proceeds into a significant share buyback that is accretive to both earnings and net asset value. Looking forward, we also have a pipeline of attractive investment opportunities, ranging from single-asset deals, to larger transactions which gives us confidence in our ability to achieve greater scale through earnings and value-accretive transactions over time.\n \nOur balance sheet remains robust, supported by stable leverage, healthy cash reserves, and a reaffirmed investment grade credit rating from Fitch. Importantly, our operational performance has translated into tangible results for shareholders, with a total accounting return of +5.4% in the first half which represents good progress in delivering our annual target of 10%.\"\n \nScale increased and efficiencies realised following recent acquisition activity\n\n\n\n\n●\n\n\nUFFO of...