StockMarketWire.com - 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."


At 9:49am: [LON:NRR] NewRiver Retail Ltd share price was +12p at 311.5p



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