Picton produced a strong 2.6% NAV total return in Q320, with a good property portfolio performance driven by key asset management transactions and portfolio positioning (more than 80% in the well-performing industrial and office sectors). Dividend cover remains strong and increased during the quarter. Moderate gearing and significant potential to increase income by leasing refurbished space at completion are positive indicators for future performance.
03 Feb 2020
Picton Property Income - 2.6% third-quarter NAV total return
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Picton Property Income - 2.6% third-quarter NAV total return
Picton Property Income Limited (PCTN:LON) | 63.5 0 0.0% | Mkt Cap: 347.7m
- Published:
03 Feb 2020 -
Author:
Martyn King -
Pages:
6
Picton produced a strong 2.6% NAV total return in Q320, with a good property portfolio performance driven by key asset management transactions and portfolio positioning (more than 80% in the well-performing industrial and office sectors). Dividend cover remains strong and increased during the quarter. Moderate gearing and significant potential to increase income by leasing refurbished space at completion are positive indicators for future performance.