NewRiver REIT (NRR)

Sector:

Real Estate

Index:

FTSE Small Cap

72.30p
   
  • Change Today:
    -0.80p
  • 52 Week High: 90.80
  • 52 Week Low: 71.60
  • Currency: UK Pounds
  • Shares Issued: 310.37m
  • Volume: 537,788
  • Market Cap: £224.40m

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 72.30p
Change Today -0.80p
% Change -1.09 %
52 Week High 90.80
52 Week Low 71.60
Volume 537,788
Shares Issued 310.37m
Market Cap £224.40m

NewRiver REIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.52% above the market average30.52% above the market average30.52% above the market average30.52% above the market average30.52% above the market average
12.82% above the sector average12.82% above the sector average12.82% above the sector average12.82% above the sector average12.82% above the sector average
Price Trend
49.16% below the market average49.16% below the market average49.16% below the market average49.16% below the market average49.16% below the market average
61.9% below the sector average61.9% below the sector average61.9% below the sector average61.9% below the sector average61.9% below the sector average
Income
55.72% above the market average55.72% above the market average55.72% above the market average55.72% above the market average55.72% above the market average
51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average
Growth
80.7% below the market average80.7% below the market average80.7% below the market average80.7% below the market average80.7% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% 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 24-May-2024

Time Volume / Share Price
16:35 36,736 @ 72.30p
16:35 2,427 @ 72.30p
16:35 1,124 @ 72.30p
16:35 2,380 @ 72.30p
16:35 4 @ 72.30p

NewRiver REIT Key Personnel

CEO Allan Lockhart
CFO Will Hobman

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