NewRiver Retail’s full-year results to 14 May show its EPRA adjusted profit increasing to £20.9m, with a record number of planning applications submitted.
Over the period the company increased its assets under management by 42% to £848m.
NewRiver, which has been a REIT for five years, is now valued at more than £400m after starting in 2009 with initial seed capital of £25m.
The year was the company’s most active, with a total of 52 planning applications submitted within the period, during which the REIT received 24 consents.
The full dividend for the year increased by 6.25% to 17 pence per share from 16 pence per share in 2014.
