reports
Picton Property Income Limited: 2 directors
Two Directors at Picton Property Income Limited bought/maiden bought 295,371 shares at between 74p and 74p. The significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's...
- 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.
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
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
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.
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
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.
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
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...
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...
- Martyn King
Picton Property Income - 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 and accretively recycle the capital. This sale supports NAV, and we expect a positive impact on earnings. Further repurposing asset management initiatives are being progressed.
Edison issues update on Picton Property Income (PCTN): Capturing rent ...
Edison Investment Research Limited Edison issues update on Picton Property Income (PCTN): Capturing rent potential in Q3 31-Jan-2024 / 10:58 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 31 January 2024 Edison issues update on Picton Property Income (PCTN): Capturing rent potential in Q3 Picton Property Income’s (PCTN’s) Q324 trading update details a range of positive leasing events that provided underpinning to income, reflected in its well-covered DPS. Together with progress on specific asset management initiatives this mitig...
- Martyn King
Picton Property Income - Capturing rent potential in Q3
Picton Property Income’s (PCTN’s) Q324 trading update details a range of positive leasing events that provided underpinning to income, reflected in its well-covered DPS. Together with progress on specific asset management initiatives this mitigated the impact of market-wide outward yield movements on NAV.
Edison issues update on Picton Property Income (PCTN): Focused on grow...
Edison Investment Research Limited Edison issues update on Picton Property Income (PCTN): Focused on growing earnings 17-Jan-2024 / 10:03 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 17 January 2024 Edison issues update on Picton Property Income (PCTN): Focused on growing earnings Having previously updated on Picton Property Income’s H124 results, we are re-instating forecasts following the cessation of merger discussions with UKCM. In a challenging environment, H124 financial performance was resilient, supporting fully covere...
- Martyn King
Picton Property Income - Focused on growing earnings
Having previously updated on Picton Property Income’s H124 results, we are re-instating forecasts following the cessation of merger discussions with UKCM. In a challenging environment, H124 financial performance was resilient, supporting fully covered DPS. Meanwhile, the company continues to believe that there are strategic and financial benefits to combining complementary businesses, particularly within an internal management structure, including economies of scale and enhanced earnings.
Form 8.3 - The Vanguard Group, Inc.: Picton Property Income Ltd
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Picton Property Income Ltd 05-Dec-2023 / 14:08 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the t...
Form 8.3 - The Vanguard Group, Inc.: Picton Property Income Ltd
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Picton Property Income Ltd 04-Dec-2023 / 14:50 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the t...
Edison issues update on Picton Property Income (PCTN): Resilient H124 ...
Edison Investment Research Limited Edison issues update on Picton Property Income (PCTN): Resilient H124 with fully covered DPS 30-Nov-2023 / 12:43 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 30 November 2023 Edison issues update on Picton Property Income (PCTN): Resilient H124 with fully covered DPS In a challenging market environment, Picton Property Income (PCTN) produced a resilient H124 financial performance, supporting fully covered DPS. This was underpinned by continued portfolio outperformance of the MSCI UK Quarterly...
- Martyn King
Picton Property Income - Resilient H124 with fully covered DPS
In a challenging market environment, Picton Property Income (PCTN) produced a resilient H124 financial performance, supporting fully covered DPS. This was underpinned by continued portfolio outperformance of the MSCI UK Quarterly Property Index, building on a long-term track record of upper quartile performance since inception. Rents continued to grow, asset management initiatives are in place, aimed at capturing reversionary income potential, and borrowings are mostly long term and fixed rate.
Form 8.3 - The Vanguard Group, Inc.: Picton Property Income Limited
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Picton Property Income Limited 29-Nov-2023 / 13:57 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, t...
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