# NewRiver REIT plc (NRR.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price 78p, market value 340 millionp.

## Valuation
- **P/E (trailing): 11.2×** (5-yr avg 3560.6×, 3-yr avg 3500.6×). NewRiver REIT plc trades at 11.2× trailing earnings, well below its own five-year average of 3560.6×: cheap by its own standards. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 10.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.78**. A PEG of 0.78 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.7×**. Each dollar of revenue is priced at 1.7×.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 9.3×**. Enterprise value is 9.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 12.0%** (5-yr avg 0.1%). Free cash flow equals 12.0% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 8.9%**. The inverse of the P/E: 8.9% of the price is earned each year.

## Profitability
- **Gross margin: 54.4%**. NewRiver REIT plc keeps 54.4% of revenue after the direct cost of what it sells.
- **Operating margin: 40.6%**. 40.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 24.4%**. 24.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.9%**. 6.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 9.2%**. Return on all capital, debt included, is 9.2%.
- **Return on assets: 5.0%**. Each dollar of assets produces 5.0% of profit.

## Growth
- **Revenue growth (1 yr): 43.8%** (3-yr 20.9%/yr, 5-yr 11.5%/yr). Revenue grew 43.8% over the last year, against 11.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 12.8%**. Earnings per share rose 12.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -6.5%/yr**. Free cash flow has compounded at -6.5% a year over three years.

## Financial health
- **Debt to equity: 1.13**. Debt is 1.13 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 5.0×**. It would take 5.0 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.2×**. Operating profit covers interest 2.2×, thin but manageable.
- **Current ratio: 73.44** (quick 73.44). Current assets cover the next year's liabilities 73.44 times.
- **Altman Z-score: 1.43**. A Z-score of 1.43 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 8.48%** (0p per share, trailing). NewRiver REIT plc yields 8.48%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 88%** (111% of free cash flow). 88% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Shareholder yield: 19.8%**. Dividends plus net buybacks return 19.8% of the market value a year.

## Price and momentum
- **Total return (1 yr): 13.0%** (YTD 14.4%, 3-mo 3.6%). The shares are up 13.0% over twelve months including dividends.
- **From 52-week high: -7.9%** (19.1% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 0.82** (volatility 22%). Beta of 0.82 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NRR.L · Page: https://foliofundamentals.com/stocks/nrr.l

Not investment advice.