NEWRIVER REIT PLC - Results for the six months ended 30 September 2025

In this episode, we discuss the half-year results from NewRiver REIT PLC, focusing on their performance in the UK retail market. Despite strong operational growth, evidenced by a 31% increase in cash profits and a fully covered dividend of 3.1 pence per share, the share price does not reflect this progress. The integration of the Capital Regional portfolio has unlocked significant cost synergies, and their retail assets are outperforming the market due to low vacancy rates and robust consumer demand. While there are short-term challenges, New River is confident in its strategy, including a successful share buyback at a substantial discount to net asset value. Looking ahead, they aim to double their market cap by leveraging capital partnerships and maintaining a focus on growth in retail property.