Picton Property Income Limited (PCTN)

Profile

https://www.picton.co.uk

Picton Property Income Limited is a UK-based Real Estate Investment Trust (REIT) that invests in a diversified portfolio of commercial properties across the United Kingdom. Its holdings, comprising approximately 48 assets valued at around £723 million as of March 2025, span industrial, office, retail, and leisure sectors, with key properties in locations such as London, Grantham, Sheffield, Swansea, Gloucester, Bury, Birmingham, Leeds, Fleet, Marlow, and Cheltenham. The REIT focuses on delivering total returns with an income bias, emphasizing active asset management to capture rental growth, improve occupancy to 94%, and reduce office exposure from 30% to 24% through strategic disposals totaling £51 million above prior valuations. Notable efforts include £11.8 million in portfolio investments, decarbonisation projects enhancing EPC ratings to 83% A-C, and green lease clauses in 97% of new agreements, aligning with net zero goals by 2040. With EPRA earnings of £23 million and dividends of 3.7 pence per share for the year ended March 2025, Picton Property Income Limited maintains a strong track record of outperforming the MSCI UK Quarterly Property Index for 12 consecutive years, providing investors exposure to the UK commercial real estate market.