PCTN Picton Property Income Limited

Edison issues report on Picton Property Income (PCTN)

Edison Investment Research Limited
Edison issues report on Picton Property Income (PCTN)

18-Jun-2024 / 08:58 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 18 Juni 2024

 

Edison issues report on Picton Property Income (PCTN)

to view the full report.

All reports published by Edison are available to download free of charge from its website

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The issuer is solely responsible for the content of this announcement.


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Reports on Picton Property Income Limited

Martyn King
  • Martyn King

Picton Property Income - Delivering on key initiatives

Since reporting H125 results, Picton has agreed the sale of an office asset designated for alternative use, completed the small but accretive acquisition of an industrial unit, and undertaken several leasing and other asset management initiatives. Together, these demonstrate continuing progress with the active measures being taken to improve occupancy, grow income and dividends, and realise value embedded in the portfolio.

 PRESS RELEASE

Edison issues report on Picton Property Income (PCTN)

Edison Investment Research Limited Edison issues report on Picton Property Income (PCTN) 09-Sep-2024 / 11:53 GMT/BST The issuer is solely responsible for the content of this announcement.   London, UK, 9 September 2024   Edison issues report on Picton Property Income (PCTN) Edison issues report on Picton Property Income (LSE: PCTN) Picton Property Income’s previously agreed sale of a vacated office building in Cardiff, to a purpose-built student accommodation developer, has taken a further step forward. A resolution to grant planning permission has been secured, paving the ...

Martyn King
  • Martyn King

Picton Property Income - Office repurposing progress

Picton Property Income’s previously agreed sale of a vacated office building in Cardiff, to a purpose-built student accommodation developer, has taken a further step forward. A resolution to grant planning permission has been secured, paving the way for sale completion before the end of the year. The scale of the planned development indicates a sale price at the top end of the agreed range, with a positive impact on NAV and earnings.

Martyn King
  • Martyn King

Picton Property Income - Increased DPS driving positive returns

Picton Property Income’s Q125 trading update shows DPS, increased by 6% from Q423, fully covered by EPRA earnings. Our unchanged forecasts show continuing earnings growth, driven by positive leasing momentum and asset management initiatives underway. Net asset value has stabilised, supported by improving sentiment in the property market and the prospect of interest rate reductions.

 PRESS RELEASE

Edison issues report on Picton Property Income (PCTN)

Edison Investment Research Limited Edison issues report on Picton Property Income (PCTN) 18-Jun-2024 / 08:58 GMT/BST The issuer is solely responsible for the content of this announcement.   London, UK, 18 Juni 2024   Edison issues report on Picton Property Income (PCTN) to view the full report. All reports published by Edison are available to download free of charge from its website Edison is authorised and regulated by the . Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securi...

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