NRWRF (NewRiver REIT) Debt-to-EBITDA : 8.62 (As of Mar. 2026) — 15% Above Median

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NRWRF NewRiver REIT PLC NRWRF
71 GF Score
Price $1.02
GF Value $1.26
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is NewRiver REIT Debt-to-EBITDA?

NewRiver REIT NRWRF 71 Debt-to-EBITDA is 8.62 as of Mar. 2026, which is 15% above its 10-year median of 7.52. GuruFocus rates NRWRF with a GF Score™ of 71/100 and a GF Value™ of $1.26 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 577 REITs companies, NewRiver REIT ranks worse than 70.88% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

NewRiver REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $2.4 Mil. NewRiver REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $687.3 Mil. NewRiver REIT's annualized EBITDA for the quarter that ended in Mar. 2026 was $80.0 Mil. NewRiver REIT's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 8.62.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for NewRiver REIT's Debt-to-EBITDA or its related term are showing as below:

NRWRF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -622.33   Med: 7.52   Max: 20.01
Current: 9.37

During the past 13 years, the highest Debt-to-EBITDA Ratio of NewRiver REIT was 20.01. The lowest was -622.33. And the median was 7.52.

NRWRF's Debt-to-EBITDA is ranked worse than
70.88% of 577 companies
in the REITs industry
Industry Median: 6.56 vs NRWRF: 9.37

NewRiver REIT  (OTCPK:NRWRF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


NewRiver REIT Debt-to-EBITDA Related Terms


NewRiver REIT Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for NewRiver REIT's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NewRiver REIT Debt-to-EBITDA Chart

NewRiver REIT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.27 -622.47 20.01 11.40 9.37

NewRiver REIT Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.89 11.64 8.87 10.13 8.62

NRWRF vs SPG, O, KIM: Debt-to-EBITDA Comparison

For the REIT - Retail subindustry, NewRiver REIT's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NewRiver REIT Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, NewRiver REIT's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where NewRiver REIT's Debt-to-EBITDA falls into.


NRWRF
71GF Score
NewRiver REIT PLC NRWRF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NewRiver REIT Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

NewRiver REIT's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2.4 + 687.333) / 73.6
=9.37

NewRiver REIT's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2.4 + 687.333) / 80
=8.62

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 8.62 mean?
NewRiver REIT (NRWRF) has a Debt-to-EBITDA of 8.62 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on NewRiver REIT. This is 15% above median its historical median of 7.52. According to the industry distribution chart, NewRiver REIT ranks #409 out of 577 companies in the REITs industry, placing it in the top 70.9%.
Is NewRiver REIT's Debt-to-EBITDA too high?
NewRiver REIT's current Debt-to-EBITDA of 8.62 is 15% above median its 10-year median of 7.52. The REITs industry median Debt-to-EBITDA is 6.56. NewRiver REIT's value of 8.62 is 31.4% above this industry median. Based on the distribution chart, NewRiver REIT ranks #409 out of 577 companies in the REITs industry, which is below the industry midpoint. Overall, NewRiver REIT has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NewRiver REIT's Debt-to-EBITDA compare to SPG and O?
According to the REITs industry distribution chart, NewRiver REIT ranks #409 out of 577 companies for Debt-to-EBITDA. This places NewRiver REIT in the lower half of its industry. The industry median Debt-to-EBITDA is 6.56. NewRiver REIT's value of 8.62 is 31.4% above this benchmark. While the company's 10-year median is 7.52 vs. the industry median of 6.56, NewRiver REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.56, based on 577 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NewRiver REIT's current Debt-to-EBITDA of 8.62 is 31.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on NewRiver REIT. For the REITs industry, the median Debt-to-EBITDA is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NewRiver REIT's current Debt-to-EBITDA is 8.62, which is 15% above median its own 10-year median of 7.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NewRiver REIT stock overvalued right now?
Based on GuruFocus' analysis, NewRiver REIT (NRWRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.26, compared to a current price of $1.02 — trading 19% below its estimated fair value. The current Debt-to-EBITDA is 8.62, which is 15% above median its 10-year median of 7.52 and 31.4% above the REITs industry median of 6.56. NewRiver REIT's overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For NewRiver REIT (NRWRF), the current Debt-to-EBITDA is 8.62 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NewRiver REIT (NRWRF) Overvalued in 2026?

Based on GuruFocus' analysis, NewRiver REIT stock appears to be undervalued. The current stock price of $1.02 is trading 19% below its estimated GF Value™ of $1.26. GuruFocus considers NewRiver REIT to be Modestly Undervalued.

Key valuation signals for NRWRF:

  • Debt-to-EBITDA: 8.62 (15% above median its 10-year median of 7.52)
  • GF Value™: $1.26 vs. price of $1.02 (19% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 31.4% above the REITs median (#409 of 577)

No single metric tells the full story. See the NRWRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NewRiver REIT Business Description

Industry Real EstateREITs
Other Exchanges NRRl:UKNRR:UK087:Germany
Address 89 Whitfield Street, London, GBR, W1T 4DE
NewRiver REIT PLC is a real estate investment trust that invests in, manages, and develops retail and leisure properties. The company's property portfolio comprises shopping centers, retail warehouses, and pubs across the United Kingdom. The retail properties contribute a substantial amount to the total revenue, and these are largely located in Yorkshire and Humberside, London, Northeast and Southeast England, Scotland, and Wales. The company generates a majority of its revenue from leasing properties to tenants, which include discount retailers, fashion and accessory stores, groceries, homeware and furniture stores, and dining venues among others.
71GF Score

Get the complete analysis for NRWRF

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.02
Price
$1.26
GF Value