NewRiver REIT (LON:NRR) instructed buyers it delivered “one other sturdy quarter of operational efficiency,” pointing to rising demand in its core markets that drove leasing exercise and elevated occupancy throughout the portfolio. Administration mentioned operational metrics are “trending positively,” supported by what it described as resilient shopper spending patterns.
The corporate mentioned complete in-store buyer spending in the important thing Christmas quarter was according to the prior yr. For the yr to December 2025, complete in-store buyer spending was additionally reported as according to final yr.
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Inside these totals, NewRiver highlighted outperformance in a number of classes. Grocery, described because the portfolio’s largest spending phase, elevated 6.2% versus the identical quarter final yr. The corporate additionally reported progress in non-food low cost, meals and beverage, and well being and wonder, partially offset by a decline in worth vogue.
On property taxes, the corporate mentioned modifications to enterprise charges efficient April 1, 2026. NewRiver mentioned the brand new rateable values throughout its portfolio are anticipated to extend by 7%.
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Nevertheless, administration mentioned this improve needs to be greater than offset by a just lately introduced low cost for retail, hospitality, and leisure properties. Consequently, NewRiver expects an 11% discount in charges payable for its tenants. The corporate characterised this as supportive for tenants and constructive for rental affordability.
NewRiver mentioned it stays “disciplined” in recycling capital, enhancing portfolio high quality, and strengthening its monetary place. In the course of the interval, the corporate accomplished two disposals: one retail park in Northern Eire and one buying heart in Hemel Hempstead, described because the smallest of the previous Capital & Regional belongings. Mixed proceeds totaled GBP 12.6 million.
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The corporate offered extra element on the Northern Eire sale, saying the disposal of Sprucefield Retail Park adopted the creation of three new drive-through models on surplus land and a long-term lease regear with Sainsbury’s.
After the interval ended, NewRiver mentioned it exchanged contracts in January on the sale of a further retail park in Dumfries for GBP 26.5 million, citing completion of a value-enhancing marketing strategy on the asset.