NewRiver REIT (GB:NRR) has released an update.
NewRiver REIT PLC reported a robust operational performance for the financial year ending March 31, 2024, with increased occupancy rates and a stable portfolio valuation, reflecting the strength of their retail assets. The company maintained a steady loan-to-value ratio at approximately 31% and showcased strong liquidity with cash reserves around £133 million. Expectations for underlying funds from operations and net tangible assets per share are aligned with market consensus, indicating solid financial health and strategic positioning for growth.
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