Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Rhyd6,87investor,longview,Sussexlad, for Donating to support the site

the NewRiver REIT (NRR) topic

dealtn
Lemon Quarter
Posts: 1989
Joined: November 21st, 2016, 4:26 pm
Has thanked: 41 times
Been thanked: 695 times

Re: the NewRiver REIT (NRR) topic

#326664

Postby dealtn » July 16th, 2020, 6:45 pm

westmoreland9 wrote:
gbjbaanb wrote:
JuanDB wrote:I’ve no intention to sell however I’m afraid the dividend horse has bolted. Yield currently a mighty 0%


Its a REIT, the yield cannot be 0% as they have to pay out 90% as PIDs to be a REIT. They may fiddle this, they may suspend it a bit like the Q4 dividend payment but those are temporary. In a year's time things will be different. That's what you're investing for, not next week.


they are currently forecasting rents down about 35%. their annual revenue is £148m, of which about £120m is rent. so forecast only collecting £83m (assuming the other £28m is fully collected). their operating costs and debt interest come to about £100m.

so that comes to a loss of £17m - so there's nothing to distribute. or if they do distribute anything, it'll just be funded from debt or disposals, so not really 'income'.


I make that a profit of £6m.

65% of £120mio is £78m plus the other £28m, less the £100m costs/interest.

dealtn
Lemon Quarter
Posts: 1989
Joined: November 21st, 2016, 4:26 pm
Has thanked: 41 times
Been thanked: 695 times

Re: the NewRiver REIT (NRR) topic

#346103

Postby dealtn » October 8th, 2020, 10:26 am

https://www.investegate.co.uk/newriver- ... 00054446B/

Trading Update.

Interesting news on disposals at 3% discount to March 2020 NPV. Of course we don't know how representative these disposals are, and what the "tail" might look like.

Also interesting the Residential Portfolio news with an increase allocation to residential, and reduction in retail, in the latest planning approval in Burgess Hill. Recognition of the change in demand, and practical change of use, that is likely to be seen across society. The "death of retail" doesn't directly translate to the going out of business of Commercial Landlords.

MDW1954
Lemon Quarter
Posts: 1162
Joined: November 4th, 2016, 8:46 pm
Has thanked: 200 times
Been thanked: 307 times

Re: the NewRiver REIT (NRR) topic

#346261

Postby MDW1954 » October 8th, 2020, 5:07 pm

Reading the entire RNS, it's quite positive and upbeat.

The shares look oversold, to me. Tempted to top up.

MDW1954


Return to “REITs & Property Companies”

Who is online

Users browsing this forum: No registered users and 2 guests