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NewRiver REIT FY Underlying FFO Rises

NewRiver REIT Plc (NRR.L) reported an underlying funds from operations of 28.3 million pounds for the year ended 31 March 2022 compared to 11.5 million pounds, prior year. UFFO per share increased to 9.2 pence from 3.8 pence.

Fiscal year pretax profit was 7.0 million pounds compared to a loss of 123.4 million pounds, last year. Profit per share from continuing operations was 2.3 pence compared to a loss of 39.8 pence. Revenue from continuing operations increased to 73.7 million pounds from 73.1 million pounds.

The Board declared a final dividend relating to the second half of the financial year of 3.3 pence per share. This brings the total fiscal 2022 dividend declared to 7.4 pence per share.

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