NewRiver REIT plc
NewRiver REIT plc (NewRiver) is a leading Real Estate Investment Trust specializing in buying, managing and developing resilient retail assets throughout the UK. Following the completion of its acquisition of Capital & Regional in December 2024, NewRiver has a 0.8 billion pounds UK wide portfolio covering 7.1 million sq ft, comprising 24 community shopping centres and 12 conveniently located reta… Read more
NewRiver REIT plc (NRWRF) - Net Assets
Latest net assets as of September 2025: $450.90 Million USD
Based on the latest financial reports, NewRiver REIT plc (NRWRF) has net assets worth $450.90 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.02 Billion) and total liabilities ($565.80 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $450.90 Million |
| % of Total Assets | 44.35% |
| Annual Growth Rate | 21.58% |
| 5-Year Change | 6.45% |
| 10-Year Change | -28.96% |
| Growth Volatility | 59.91 |
NewRiver REIT plc - Net Assets Trend (2010–2025)
This chart illustrates how NewRiver REIT plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NewRiver REIT plc (2010–2025)
The table below shows the annual net assets of NewRiver REIT plc from 2010 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $490.10 Million | +35.72% |
| 2024-03-31 | $361.10 Million | -4.62% |
| 2023-03-31 | $378.60 Million | -8.57% |
| 2022-03-31 | $414.10 Million | -10.06% |
| 2021-03-31 | $460.40 Million | -24.60% |
| 2020-03-31 | $610.60 Million | -23.30% |
| 2019-03-31 | $796.10 Million | -10.79% |
| 2018-03-31 | $892.40 Million | +30.37% |
| 2017-03-31 | $684.54 Million | -0.77% |
| 2016-03-31 | $689.87 Million | +103.08% |
| 2015-03-31 | $339.69 Million | +41.76% |
| 2014-03-31 | $239.63 Million | +200.33% |
| 2013-03-31 | $79.79 Million | +0.90% |
| 2012-03-31 | $79.08 Million | +103.94% |
| 2011-03-31 | $38.77 Million | +48.42% |
| 2010-03-31 | $26.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NewRiver REIT plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 42287.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $358.60 Million | 73.17% |
| Common Stock | $4.70 Million | 0.96% |
| Other Comprehensive Income | $74.30 Million | 15.16% |
| Other Components | $52.50 Million | 10.71% |
| Total Equity | $490.10 Million | 100.00% |
NewRiver REIT plc Competitors by Market Cap
The table below lists competitors of NewRiver REIT plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zorlu Enerji Elektrik Uretim AS
IS:ZOREN
|
$367.74 Million |
|
Arjo AB
LSE:0HQ8
|
$367.76 Million |
|
Universal Cement Corp
TW:1104
|
$367.81 Million |
|
Gentrack Group Ltd
AU:GTK
|
$368.12 Million |
|
PC Jeweller Limited
NSE:PCJEWELLER
|
$367.54 Million |
|
Tianjin Lisheng Pharmaceutical Co Ltd
SHE:002393
|
$367.41 Million |
|
Le Travenues Technology Ltd
NSE:IXIGO
|
$367.34 Million |
|
Sunfly Intelligent Technology Co Ltd
SHE:300423
|
$367.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NewRiver REIT plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 361,100,000 to 490,100,000, a change of 129,000,000 (35.7%).
- Net income of 23,700,000 contributed positively to equity growth.
- Dividend payments of 21,800,000 reduced retained earnings.
- New share issuances of 48,700,000 increased equity.
- Other comprehensive income increased equity by 76,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $23.70 Million | +4.84% |
| Dividends Paid | $21.80 Million | -4.45% |
| Share Issuances | $48.70 Million | +9.94% |
| Other Comprehensive Income | $76.60 Million | +15.63% |
| Other Changes | $1.80 Million | +0.37% |
| Total Change | $- | 35.72% |
Book Value vs Market Value Analysis
This analysis compares NewRiver REIT plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.68x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.34x to 0.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-03-31 | $2.61 | $0.88 | x |
| 2011-03-31 | $2.80 | $0.88 | x |
| 2012-03-31 | $3.13 | $0.88 | x |
| 2013-03-31 | $2.50 | $0.88 | x |
| 2014-03-31 | $3.73 | $0.88 | x |
| 2015-03-31 | $3.10 | $0.88 | x |
| 2016-03-31 | $3.87 | $0.88 | x |
| 2017-03-31 | $2.90 | $0.88 | x |
| 2018-03-31 | $3.12 | $0.88 | x |
| 2019-03-31 | $2.61 | $0.88 | x |
| 2020-03-31 | $2.00 | $0.88 | x |
| 2021-03-31 | $1.50 | $0.88 | x |
| 2022-03-31 | $1.35 | $0.88 | x |
| 2023-03-31 | $1.22 | $0.88 | x |
| 2024-03-31 | $1.15 | $0.88 | x |
| 2025-03-31 | $1.29 | $0.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NewRiver REIT plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.19%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.15x
- Recent ROE (4.84%) is above the historical average (0.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 8.10% | 642.86% | 0.01x | 1.28x | $-497.50K |
| 2011 | 1.73% | 15.12% | 0.03x | 3.35x | $-3.21 Million |
| 2012 | 5.40% | 33.40% | 0.06x | 2.80x | $-3.64 Million |
| 2013 | 1.88% | 8.33% | 0.08x | 2.89x | $-6.48 Million |
| 2014 | 9.62% | 126.66% | 0.05x | 1.60x | $-914.70K |
| 2015 | 11.64% | 99.80% | 0.07x | 1.59x | $5.56 Million |
| 2016 | 10.06% | 100.04% | 0.07x | 1.50x | $422.30K |
| 2017 | 5.29% | 35.38% | 0.09x | 1.64x | $-32.25 Million |
| 2018 | 5.12% | 42.19% | 0.08x | 1.56x | $-43.51 Million |
| 2019 | -4.64% | -26.24% | 0.10x | 1.70x | $-116.51 Million |
| 2020 | -19.83% | -82.78% | 0.11x | 2.26x | $-182.16 Million |
| 2021 | -26.52% | -163.02% | 0.06x | 2.66x | $-168.14 Million |
| 2022 | 1.69% | 9.33% | 0.09x | 1.98x | $-34.41 Million |
| 2023 | -4.44% | -22.49% | 0.10x | 2.06x | $-54.66 Million |
| 2024 | 0.83% | 4.56% | 0.09x | 2.10x | $-33.11 Million |
| 2025 | 4.84% | 26.19% | 0.09x | 2.15x | $-25.31 Million |
Industry Comparison
This section compares NewRiver REIT plc's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $22,048,860,627
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NewRiver REIT plc (NRWRF) | $450.90 Million | 8.10% | 1.25x | $367.70 Million |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.38 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.66 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $517.13 Million |
| Saul Centers Inc (BFS) | $-4.60 Million | 0.00% | 0.00x | $453.98 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $698.15 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |