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.

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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

 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...

Martyn King
  • Martyn King

Picton Property Income - Organic growth accelerating

Picton Property Income’s 6% increase in the rate of quarterly DPS from Q423 demonstrates an increasing confidence in the outlook for organic income and earnings growth. The occupier market has remained robust and rents have increased across much of Picton’s diversified portfolio. Active asset management, including the repositioning of selected office assets, is unlocking the significant potential embedded in the portfolio.

 PRESS RELEASE

Edison issues flash on Picton Property Income (PCTN): Unlocking value ...

Edison Investment Research Limited Edison issues flash on Picton Property Income (PCTN): Unlocking value to drive DPS growth 02-May-2024 / 08:02 GMT/BST The issuer is solely responsible for the content of this announcement.   London, UK, 2 Mai 2024   Edison issues flash on Picton Property Income (PCTN): Unlocking value to drive DPS growth Ahead of FY24 results to be published on 23 May, Picton Property Income has declared a Q424 DPS of 0.925p, a 5.7% increase on the previous quarter. The company intends to maintain fully covered dividends at the new level, an annualised run r...

Martyn King
  • Martyn King

Picton Property Income - Unlocking value to drive DPS growth

Ahead of FY24 results to be published on 23 May, Picton Property Income has declared a Q424 DPS of 0.925p, a 5.7% increase on the previous quarter. The company intends to maintain fully covered dividends at the new level, an annualised run rate of 3.7p, well above the pre-pandemic DPS and the 3.5p paid in respect of FY24. The uplift reflects a continuing robust occupier market, supporting rental growth, as well as asset management activity, most notably the recent sale of Angel Gate. The sale wa...

 PRESS RELEASE

Edison issues flash on Picton Property Income (PCTN): Accretive portfo...

Edison Investment Research Limited Edison issues flash on Picton Property Income (PCTN): Accretive portfolio repositioning 09-Apr-2024 / 09:22 GMT/BST The issuer is solely responsible for the content of this announcement.   London, UK, 9 April 2024   Edison issues flash on Picton Property Income (PCTN): Accretive portfolio repositioning Picton Property Income has agreed the sale of Angel Gate, its second largest office asset, and largest portfolio void, with an agreed consideration above the Q323 valuation. The sale is part of its strategy to repurpose selective office assets...

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