Market Capitalisation £562.94M

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 year in review: 2017

We look back on 2016 at some of our key highlights including IPD outperformance and delivering 11.8% total shareholder return.

Delivered an 11.8% total shareholder return

Achieved NAV growth of 10.8%

Paid £17.8 million in dividends

Reshaped our portfolio increasing our average lot size to 11.4 million

We reduced our London weighting by 5.6% to 22.8% and increased our industrial weighting by 2.3% to 39.2%

Outperformed IPD benchmark by 6.1% and awarded IPD data quality award

Repaid 7.25% zero dividend preference shares, significantly reducing cost of debt and increasing debt maturity profile

Reduced net gearing to 28.3%

Established new £27 million revolving credit facility

Awarded EPRA Gold for the second year running for our 2015/2016 Annual Report and Accounts

Won Money Observer Best Large Trust 2016

Won Investment Week Property Company of the Year 2016

The Picton Team

March 2017

 

Occupier focused, Opportunity led