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NewRiver REIT Plc has reiterated that it is on course to complete asset disposals worth GBP 40 million during the second half of the financial year. The confirmation came through its third-quarter trading update issued in the past week. The disposals form part of the company's ongoing capital recycling strategy aimed at strengthening the balance sheet and prioritising core assets. The trust has consistently used asset sales to manage leverage and improve portfolio quality. No changes were made to existing guidance, indicating steady execution of its financial plans.
NewRiver REIT Plc has confirmed that it is progressing as planned with its asset disposal programme and expects to complete disposals worth GBP 40 million in the second half of the financial year. The update was shared as part of the company's third-quarter business update released in the past week.
The real estate investment trust stated that the planned disposals align with its previously communicated capital recycling strategy. NewRiver has been selectively selling assets to strengthen its balance sheet, reduce debt, and focus on core retail-led properties with stable income profiles.
The company has followed a similar approach in recent years, disposing of non-core assets to improve portfolio quality and manage leverage amid shifting retail property market conditions. These disposals are intended to support financial flexibility while allowing the trust to reinvest in assets that offer more resilient returns.
NewRiver REIT did not revise its guidance and maintained that the disposal programme remains on schedule. The update signals operational continuity rather than a strategic shift, with management continuing to execute plans outlined earlier in the financial year.
Source Reuters
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