Market Capitalisation £515.75M

Picton Property Income Limited entered the UK REIT regime on 1 October 2018 and became a commercial company. As such Picton is outside the scope of AIFMD and is not required to produce a Key Information Document (KID) under PRIIPs.

Our Business Model

We invest in commercial property and own a portfolio of 49 assets located throughout the United Kingdom.

The portfolio covers the main commercial property sectors of office, industrial, retail, retail warehouse and leisure, and has around 360 occupiers providing a diversified income stream from a wide range of businesses. The majority of this income is paid out to investors in the form of quarterly dividends, after deducting operating and financing costs.


Picton Business Model


Creating a diverse portfolio

Our portfolio is diversified, not only in terms of sector and geographic allocation, but also by income concentration, which reduces the risk profile. We look to invest in assets where we believe we can drive either income or value in the medium term, and remain focused on total returns.


Our asset management team has a hands-on approach and maintains a direct relationship with our occupiers. Our aim, using our experience and knowledge, is to create space that meets occupier needs, which in turn will help to maintain occupancy. We are continually looking at innovative ways to add value to our assets through refurbishment, higher value uses or the restructuring of leases.


We aim to grow income through active asset management of the portfolio and capturing market rental uplifts. The benefits of having a diverse occupier base means that rental income from the property portfolio remains relatively stable and allows us to operate with a covered dividend policy and invest surplus cash flow back into the portfolio.


Alongside our experienced Board, our talented and dedicated team have extensive experience in the UK commercial property market and are fully focused on delivering the Company’s strategy.

Enabling us to deliver long-term shareholder value
We believe long-term shareholder value is achieved through having a portfolio strategy that provides appropriate sector and geographic allocation. This can be adapted over time, as market conditions dictate and further value is created through the acquisition, asset management and disposal process. Prudent use of gearing, which is managed throughout the property cycle, will enhance the income position and improve net asset value growth.

Occupier focused, Opportunity led