Market Capitalisation £457.97M

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 History

  • 2018

    • Continued outperformance of the MSCI IPD Quarterly Benchmark
    • Money Observer Trust Awards – Best Property Trust UK
    • Moneywise Investment Trust Awards – Property category
    • Changed from investment company to a commercial company
    • Entered UK REIT regime
    • Continued to reduce gearing
  • 2017

    • Won Money Observer Trust Awards - Best Property Trust UK
    • 5th anniversary since internalisation of investment manager
    • Outperformed MSCI IPD Quarterly Benchmark over 1, 3, 5 and 10 years
    • Extended revolving credit facilities
    • UK begins negotiations to exit the EU
  • 2016

    • Won Money Observer award – Best Large Trust
    • Established further revolving credit facility
    • Repaid zero dividend preferences
    • Announced further dividend increase
    • Won Investment Company of the year award (Property)
  • 2015

    • Increase in quarterly dividend
    • Highest reported profit and total return since 2006
    • New revolving credit facility established
    • New website launched and branding refreshed
  • 2014

    • Placing Programme initiated to raise £100 million of new equity
    • Recovery in UK economy continues
    • Increase in Company’s market capitalisation to over £300 million
    • £81 million of new property assets acquired
  • 2013

    • Share price moved to a premium to net asset value
    • New equity raised to fund property acquisitions
    • Capital values stabilised
  • 2012

    • Internalisation is effective from 1 January, with significant saving in costs
    • Company’s debt facilities re-financed
    • Introduction of covered dividend policy
  • 2011

    • Name changed to Picton Property Income Limited
    • Picton Capital Limited created
    • UK economy weakens and re-enters recession
  • 2010

    • Acquisition of Rugby Estates Investment Trust plc by the Company
    • Improvement in asset values
    • Decision taken to internalise the Company’s management
  • 2009

    • Restructuring of the Company’s securitised debt successfully completed with further asset sales
    • Recession in the UK finally ended
  • 2008

    • Peak of financial crisis
    • Unprecedented decline in asset values including commercial property
    • The Company disposed of a number of assets to facilitate debt repayment
  • 2007

    • The US sub-prime mortgage crisis starts
    • UK commercial property capital values correct sharply in latter half of year
  • 2006

    • Strong commercial property market returns, with falling yields
    • Increase in the Company’s property assets, including a £125 million portfolio purchase
    • Disposal of a portfolio of public houses, including the General Picton, to a pub operating company, at a significant profit
  • 2005

    • The Company was successfully launched as ING UK Real Estate Income Trust Limited on the London Stock Exchange

Occupier focused, Opportunity led