NewRiver Share Price (NRR)

This is looking very cheap.... it will turn soon and be back to the mid 85s..

I opened my initial position in NRR yesterday - I like the spread of small shopping centres (99% let on decent length upward only leases). Their management platform (with M&G as a core user), and the fact they have the possibility to build nearly 1000 residential units across several of their sites in the London commuter zone. They won't build them but will sell on the sites. My dodgy maths says 30K a site that would give an uplift to the NAV of around 10% if none of the value isn't already factored into NAV. In spite of my non de plume I now mainly buy for the long term and the high Dividend which is well supported gives a good return as I aim for a total annualised return of 8-10% over a 5year period.

Most REITs trading at a discount to NAV, market sentiment against them. I'm adding as will turn eventually and good dividend for my ISA.

Good Solid set of results... I find it strange we are sitting at this level.. but a great buy in price... markets work in strange ways.

Https://reactnews.com/article/newriver-kicks-off-partner-hunt-to-build-200m-park-portfolio/