Newriver Reit plc
NewRiver REIT plc owns and actively operates "Essential Everyday Destinations" in the UK — a portfolio of shopping centres, retail parks and town-centre retail assets let predominantly to needs-based, high-frequency retailers (grocery, value and convenience). The Group also operates Snozone, the UK's largest indoor ski-slope operator (Yorkshire, Milton Keynes and Madrid), and manages a capital-partnerships platform providing asset/development management services to third-party investors. FY26 was the first full year following the December 2024 acquisition of Capital & Regional plc, which materially scaled the portfolio and increased London exposure.
FY2026 in sixty seconds
year to 31 Mar 2026 · approved 16 Jun 2026 · 192 pages · FCA NSM
NewRiver REIT plc owns and runs UK shopping centres and retail parks let mainly to grocery, discount and convenience shops, and also operates Snozone indoor ski slopes. In the year to 31 March 2026, revenue rose to £131.0m from £90.5m, and profit after tax rose to £31.7m from £23.7m.
This was the first full year after the company bought Capital & Regional plc in December 2024, which made the business much larger. New lettings were agreed at rents above previous levels. Against that, interest costs rose because of the extra debt. Profit was also held back by a one-off £3.6m loss on property sales and by several retailers going through restructurings.
Cash at the year end was £115.5m, against borrowings of £438.3m. The company spent £36.1m buying back its own shares. The dividend for the year was 6.7p, slightly up on the year before. Management said its focus is now on growth and that it enters the new year in a stronger position. It also said earnings face a period of transition while its debt is refinanced. The auditor gave a clean opinion, and the directors raised no doubt about the company's ability to keep operating.
Rental income from Essential Everyday Destinations (shopping centres and retail parks let to grocery/value/convenience occupiers)
Portfolio of 39 shopping centres and 27 retail parks on balance sheet and via capital partnerships, collecting c.£200m of annual rent across c.3,000 tenancies
page 5C&R acquisition cost synergies
£6.2m forward-look net cost synergies identified, in-line with guidance given at the time of the transaction; admin cost ratio reduced from 14.1% to 10.4% in FY26
page 35CEO: "Our focus is now on growth... the leasing evidence supports our conviction that these assets can deliver consistent, compounding rental growth over time."
page 12Policy to declare dividends equivalent to 80% of UFFO per annum, paid twice yearly; final dividend of 3.6p declared for FY26 (interim 3.1p), bringing total FY26 dividend to 6.7p (FY25: 6.5p), payable 7 August 2026, ex-div 18 June 2026; dividend paid as REIT Property Income Distribution (PID)
page 3611 years on one page · FY2016–FY2026
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
12 figures restated in a later report
Every figure is read again from the following year’s report: 316 confirmed, 6 differ, 12 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
12 more figures were restated in FY2016 to FY2023, which a free account opens.