New River Retail (NRR) 5% up today.

With a great market update today New River Retail saw its share price jump 18p or 5%.  This stock is a great dividend earner at around 5% and with the positive outlook in the recent update to the market. New river retail looks set for a Good 2018. With a target price of £3.70 new river retail looks a good buy to me. with 97% of it floor space rented out new river looks on very steady ground. i have bought this stock and expect a good return in 2018. at £3.16 on (18/1/2018) and with a target price of £3.70. this stock looks to me to have lot of potential upside in 2018. plus a nice 5% dividend thrown in as well.

NewRiver REIT occupancy at 97%

18th January 2018 09:49 | NewRiver Retail Ltd

NewRiver REIT's occupancy remained at a record level of 97% in the third quarter, with average rents of £12.70 per square foot.

Footfall across the shopping centre portfolio increased on a like-for-like basis by 0.5% in the third quarter, outperforming the UK benchmark by 270bps.

Footfall in December rose by 1.9% on a like-for-like basis, outperforming the UK benchmark by 450bps.

The third quarter ordinary dividend is up 5% to 5.25 pence per share.

Paul Roy, chairman, said: "Looking ahead, our conservatively geared balance sheet is strongly positioned to exploit accretive opportunities over the coming months and we remain confident in our ability to deliver growing and sustainable cash returns to our shareholders from our convenience-led, community-focused portfolio." 

Disclaimer: This is not financial advice. the information here is for entertainment and educational purposes only.