NewRiver REIT (NRR)

Sector:

Real Estate

Index:

FTSE Small Cap

80.90p
   
  • Change Today:
      3.40p
  • 52 Week High: 90.80
  • 52 Week Low: 73.30
  • Currency: UK Pounds
  • Shares Issued: 310.27m
  • Volume: 722,838
  • Market Cap: £251.01m

NewRiver REIT to sell pubs business to Admiral Taverns for £222m

By Michele Maatouk

Date: Monday 26 Jul 2021

LONDON (ShareCast) - (Sharecast News) - NewRiver REIT has agreed to sell its pubs business, Hawthorn Leisure REIT, to pub operator Admiral Taverns for around £222.3m in cash.
Chief executive officer Allan Lockhart said: "Over recent years, we have grown Hawthorn to become the UK's leading community and wet-led pub business. As a consequence of this, we received significant interest from a range of potential buyers for Hawthorn, following the divestment plan we announced in April 2021.

"We have now agreed the sale of Hawthorn which, once completed, will deliver on our key priority to reset loan to value, strengthening our balance sheet and enabling us to focus on executing our resilient retail strategy."

Headquartered in Chester, Admiral Taverns is a wet-led community pub operator, with around 1,000 pubs across England, Wales and Scotland. In 2017, Proprium Capital Partners and C&C Group backed the management buyout of Admiral Taverns and in 2019 supported the acquisition of 150 tenanted community pubs from Star Pubs & Bars and 137 pubs from Marston's.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

NewRiver REIT Market Data

Currency UK Pounds
Share Price 80.90p
Change Today 3.40p
% Change 4.39 %
52 Week High 90.80
52 Week Low 73.30
Volume 722,838
Shares Issued 310.27m
Market Cap £251.01m

NewRiver REIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.20% above the market average25.20% above the market average25.20% above the market average25.20% above the market average25.20% above the market average
10.00% above the sector average10.00% above the sector average10.00% above the sector average10.00% above the sector average10.00% above the sector average
Price Trend
8.23% below the market average8.23% below the market average8.23% below the market average8.23% below the market average8.23% below the market average
11.63% below the sector average11.63% below the sector average11.63% below the sector average11.63% below the sector average11.63% below the sector average
Income
50.00% above the market average50.00% above the market average50.00% above the market average50.00% above the market average50.00% above the market average
41.94% above the sector average41.94% above the sector average41.94% above the sector average41.94% above the sector average41.94% above the sector average
Growth
80.14% below the market average80.14% below the market average80.14% below the market average80.14% below the market average80.14% below the market average
79.49% below the sector average79.49% below the sector average79.49% below the sector average79.49% below the sector average79.49% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

NewRiver REIT Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Dec-23 15-Jun-23
Paid 16-Jan-24 04-Aug-23
Amount 3.40p 3.20p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 50,302 @ 80.90p
16:35 191,381 @ 80.90p
16:35 2,614 @ 80.90p
16:35 4,879 @ 80.90p
16:35 8,463 @ 80.90p

NewRiver REIT Key Personnel

CEO Allan Lockhart
CFO Will Hobman

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