US EditionNewRiver REIT posts 25% bump in income following M&A
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NewRiver REIT posts 25% bump in income following M&A
NewRiver REIT has reported a 25% bump in income in annual results following the acquisition of Capital & Regional’s portfolio. The retail landlord said underlying funds from operations (UFFO) were £30.5m (8.1p per share) compared to £24.4m in 2024. The acquisition of Capital & Regional in December 2024 (for £151m) saw UFFO in the second half of the year of 4.4p compared to 3.7p in the first half. The company paid a final dividend of 3.5p vs a 3.…
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