# NewRiver REIT Capital Markets Day today

- Link: https://www.directorstalkinterviews.com/newriver-reit-capital-markets-day-today/412793748
- Published: 2019-09-26T08:04:20+01:00
- Author: Amilia Stone

**NewRiver REIT **(LON:NRR) will today hold a Capital Markets Day for analysts and
institutional investors, during which the Company will provide further information
on its current investment focus and demonstrate the alternative use value inherent
within its portfolio of retail assets.

In addition, the Company will provide an update on its capital recycling programme,
a key strategy to re-establish dividend cover. As stated at its Full Year Results
announcement on 23 May 2019, NewRiver has a target to recycle a minimum of 5% of
its portfolio in FY20 (c.£64 million).

In FY20 to date, the Company has either completed, exchanged or is under offer on
£57.9 million of disposals on terms 1.2% above book value, reflecting a blended 
net initial yield (‘NIY’) of 5.4%.

NewRiver REIT has deployed the proceeds of its completed disposals (£29.9 million)
into the acquisition of five retail parks in its newly formed joint venture (NRR
share of gross assets: £34.7 million), at a blended NIY of 9.0%.

No new material disclosures will be made during the event. Presentation materials
will be made available at www.nrr.co.uk later this afternoon, with an audio recording
of the presentation made available at the same address as soon as practicable after
the event.

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