Picton Property Income - Positive leasing events and refinancing
A recent update by Picton Property Income provided details of key leasing events across all sectors. This was followed by a debt refinancing that enhances the maturity profile, provides additional long-term, fixed-rate funding and reduces the average cost of debt. These are both positive indicators for financial performance but, with results for the year to March 2022 due for release next month, we will review our estimates at that time.Picton Property Income is an internally managed property investment company which invests in commercial property throughout the U.K. As of Mar 31 2017, Co.'s property portfolio consisted of 53 assets and was invested in the industrial, office, retail, retail warehouse and leisure sectors.
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