NewRiver REIT (NRR)

Sector:

Real Estate

Index:

FTSE Small Cap

80.00p
   
  • Change Today:
      1.20p
  • 52 Week High: 83.00
  • 52 Week Low: 65.20
  • Currency: UK Pounds
  • Shares Issued: 475.47m
  • Volume: 943,361
  • Market Cap: £380.38m

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 80.00p
Change Today 1.20p
% Change 1.52 %
52 Week High 83.00
52 Week Low 65.20
Volume 943,361
Shares Issued 475.47m
Market Cap £380.38m

NewRiver REIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.47% above the market average95.47% above the market average95.47% above the market average95.47% above the market average95.47% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
7.74% above the market average7.74% above the market average7.74% above the market average7.74% above the market average7.74% above the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income
90.44% above the market average90.44% above the market average90.44% above the market average90.44% above the market average90.44% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
96.70% above the market average96.70% above the market average96.70% above the market average96.70% above the market average96.70% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above 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
  Final Interim
Ex-Div 19-Jun-25 19-Dec-24
Paid 08-Aug-25 28-Jan-25
Amount 3.50p 3.00p

Trades for 06-Jun-2025

Time Volume / Share Price
15:05 937 @ 80.00p
15:05 1,363 @ 80.00p
15:03 2,909 @ 80.00p
15:03 15,602 @ 79.95p
15:02 9 @ 80.00p

NewRiver REIT Key Personnel

CEO Allan Lockhart
CFO Will Hobman

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