Picton Property Income - Defensively positioned with embedded potential
Good results to 31 March 2020 (FY20), with continuing positive returns at the property and group level, have inevitably been overshadowed by COVID-19. Picton entered this challenging environment with a diversified portfolio focused on the industrial and office sectors where fundamentals continue to look strongest, with income and value potential embedded in the portfolio and a strong balance sheet. Current quarterly DPS annualises at 2.5p, a yield of 3.7%, but we believe this has been set prudently.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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