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 pru
10 Jul 2020
Picton Property Income - Defensively positioned with embedded potential
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Picton Property Income - Defensively positioned with embedded potential
Picton Property Income Limited (PCTN:LON) | 63.0 -0.5 (-1.3%) | Mkt Cap: 344.7m
- Published:
10 Jul 2020 -
Author:
Martyn King -
Pages:
12
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 pru