NRWRF (NewRiver REIT) Scaled Net Operating Assets: 0.83 (As of Mar. 2026)


NRWRF NewRiver REIT PLC NRWRF
69 GF Score
Price $1.02
GF Value $1.17
Valuation Modestly Undervalued
! 5 Warning Signs
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What is NewRiver REIT Scaled Net Operating Assets?

NewRiver REIT NRWRF 69 Scaled Net Operating Assets is 0.83 as of Mar. 2026. GuruFocus rates NRWRF with a GF Score™ of 69/100 and a GF Value™ of $1.17 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NewRiver REIT's operating assets for the quarter that ended in Mar. 2026 was $1,208.7 Mil. NewRiver REIT's operating liabilities for the quarter that ended in Mar. 2026 was $62.8 Mil. NewRiver REIT's Total Assets for the quarter that ended in Sep. 2025 was $1,373.9 Mil. Therefore, NewRiver REIT's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.83.


NewRiver REIT Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for NewRiver REIT's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

NewRiver REIT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 0.72 0.81 1.26 0.84

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
Scaled Net Operating Assets 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 0.80 0.82 1.12 0.87 0.83

NRWRF vs SPG, O, KIM: Scaled Net Operating Assets Comparison

For the REIT - Retail subindustry, NewRiver REIT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, NewRiver REIT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where NewRiver REIT's Scaled Net Operating Assets falls into.


NRWRF
69GF Score
NewRiver REIT PLC NRWRF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NewRiver REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NewRiver REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(1208.667-62.8)/1361.886
=0.84

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1362.667 - 154
=1208.667

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=752.533 - 687.333 - 2.4
=62.8

NewRiver REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(1208.667-62.8)/1373.919
=0.83

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1362.667 - 154
=1208.667

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=752.533 - 687.333 - 2.4
=62.8

* 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.

What does a Scaled Net Operating Assets of 0.83 mean?
NewRiver REIT (NRWRF) has a Scaled Net Operating Assets of 0.83 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on NewRiver REIT and its competitors.
Is NewRiver REIT's Scaled Net Operating Assets too high?
NewRiver REIT's current Scaled Net Operating Assets is 0.83. Overall, NewRiver REIT has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NewRiver REIT's Scaled Net Operating Assets compare to SPG and O?
NewRiver REIT's Scaled Net Operating Assets of 0.83 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on NewRiver REIT and its competitors. NewRiver REIT's current Scaled Net Operating Assets is 0.83. 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 $1.17, compared to a current price of $1.02 — trading 12.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.83. NewRiver REIT's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For NewRiver REIT (NRWRF), the current Scaled Net Operating Assets is 0.83 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 12.8% below its estimated GF Value™ of $1.17. GuruFocus considers NewRiver REIT to be Modestly Undervalued.

Key valuation signals for NRWRF:

  • Scaled Net Operating Assets: 0.83
  • GF Value™: $1.17 vs. price of $1.02 (12.8% below fair value)
  • GF Score™: 69/100 with 5 warning signs

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.
69GF Score

Get the complete analysis for NRWRF

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.02
Price
$1.17
GF Value