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NRR - Newriver Reit News Story

93.3p 1.3  1.4%

Last Trade - 4:38pm

Sector
Financials
Size
Small Cap
Market Cap £283.3m
Enterprise Value £624.3m
Revenue £71.1m
Position in Universe 731st / 1805

BUZZ-NewRiver REIT tops UK's small-cap index as FFO benefits from better rents

Thu 25th November, 2021 9:39am
** Shares of UK-based real estate investment trust  NRRT.L 
up 12.8% at 84.1p; stock is top pct gainer on FTSE small cap
 .FTSC  index
    ** NRRT says HY underlying funds from operations jumped 67%
to 15.5 mln stg, as rent collections improved    
    ** Declares interim dividend of 4.1p for FY22, compared with
3.0p per share paid for all of FY21
    ** Peel Hunt analysts raise rating on NRRT to "hold" from
"reduce," say the interims were marginally ahead of expectations
    ** Co says "well positioned" to achieve medium-term target
of a consistent 10% total accounting return
    ** Stock headed for its best intra-day pct gain in a year,
touches highest price in over a month

 (Reporting by Muhammed Husain in Bengaluru)
 ((Muhammed.Husain@thomsonreuters.com;))
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