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NewRiver Reit (NRR) investor relations material

NewRiver Reit H2 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2026 TU earnings summary1 May, 2026

Executive summary

  • Capital & Regional assets fully integrated, unlocking £6.2 million in annual net cost synergies and increasing London retail weighting to 43% of the portfolio.

  • Operational outperformance with continued valuation growth for the third consecutive half-year and strong leasing activity.

  • Balance sheet strengthened through refinancing and disposals, reducing LTV to close to medium-term guidance of under 40%.

  • FY26 Underlying Funds From Operations (UFFO) per share and EPRA Net Tangible Assets (NTA) per share expected to align with analyst consensus.

Financial highlights

  • FY26 UFFO per share expected at 8.3–8.5 pence; consensus UFFO at £37.2 million.

  • EPRA NTA per share expected at 105–108 pence; consensus at 107 pence.

  • Portfolio capital values increased 0.5% in H2 and 0.7% like-for-like for FY26.

  • Retail disposals of £110 million completed at book value.

  • Snozone EBITDA up 10% year-over-year to £3.2 million.

Outlook and guidance

  • Positioned for growth with strengthened portfolio, platform, and balance sheet.

  • UFFO and EPRA NTA per share expected to be in line with analyst consensus.

Savings from the Mall Facility delayed draw
London retail leasing vs ERV and passing rent
Impact of the share buyback on UFFO and NTA
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