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There's still hope for NewRiver recovery play

The retail landlord's share price has been going sideways for years, but we remain confident about this stock
November 23, 2023
  • "Temporary" change in dividend policy
  • Like-for-like 'core' net rental income up

NewRiver (NRR) has adopted the retail landlord equivalent of 'pile it high; sell it cheap' with a mixed outcome. Charging affordable rents to get tenants into its buildings has worked to fill space, but it makes increasing those rents difficult unless its tenants leave.

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