Picton Property Income - Strong Q3 NAV growth and further DPS uplift
Picton delivered a strong 3.7% NAV total return in the three months to 31 December 2020 (Q321) and with continuing strong rent collection has further increased quarterly DPS. Q321 DPS increased 14% to 0.8p (an annualised 3.2p) and EPRA NAV per share increased 3.0% to 95.5p, above our previous end-FY21 forecast, with property valuation growth driven by industrial assets that account for 52% of the total.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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