NewRiver REIT Q3 Earnings Call Highlights

NewRiver REIT (LON:NRR) told investors it delivered “another beardown 4th of operational performance,” pointing to rising request successful its halfway markets that drove leasing enactment and accrued occupancy crossed the portfolio. Management said operational metrics are “trending positively,” supported by what it described arsenic resilient user spending patterns.

The institution said full in-store lawsuit spending successful the cardinal Christmas 4th was successful enactment with the anterior year. For the twelvemonth to December 2025, full in-store lawsuit spending was besides reported arsenic successful enactment with past year.

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Within those totals, NewRiver highlighted outperformance successful respective categories. Grocery, described arsenic the portfolio’s largest spending segment, accrued 6.2% versus the aforesaid 4th past year. The institution besides reported maturation successful non-food discount, nutrient and beverage, and wellness and beauty, partially offset by a diminution successful worth fashion.

• Grocery: up 6.2% year-over-year successful the Christmas quarter

• Non-food discount: up 7.2%

• Food & beverage: up 4%

• Health & beauty: up 2.4%

• Value fashion: down 1.1%

On spot taxes, the institution discussed changes to concern rates effectual April 1, 2026. NewRiver said the caller rateable values crossed its portfolio are expected to summation by 7%.

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However, absorption said this summation should beryllium much than offset by a precocious announced discount for retail, hospitality, and leisure properties. As a result, NewRiver expects an 11% simplification successful rates payable for its tenants. The institution characterized this arsenic supportive for tenants and affirmative for rental affordability.

NewRiver said it remains “disciplined” successful recycling capital, improving portfolio quality, and strengthening its fiscal position. During the period, the institution completed 2 disposals: 1 retail parkland successful Northern Ireland and 1 buying halfway successful Hemel Hempstead, described arsenic the smallest of the erstwhile Capital & Regional assets. Combined proceeds totaled GBP 12.6 million.

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The institution provided further item connected the Northern Ireland sale, saying the disposal of Sprucefield Retail Park followed the instauration of 3 caller drive-through units connected surplus onshore and a semipermanent lease regear with Sainsbury’s.

After the play ended, NewRiver said it exchanged contracts successful January connected the merchantability of an further retail parkland successful Dumfries for GBP 26.5 million, citing completion of a value-enhancing concern program astatine the asset.