Picton had a good half year, maintaining a high level of occupancy and income, generating year-on-year growth in EPRA earnings and dividends, and reducing gearing further. The portfolio is strongly biased towards the better-performing industrial and regional office property markets and offers significant reversionary potential. Entry to the UK REIT regime will avoid negative effects from recent UK tax law changes, while the change in its listing status to that of a commercial company, from an
20 Nov 2018
Picton Property Income - Portfolio outperformance continuing
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Picton Property Income - Portfolio outperformance continuing
Picton Property Income Limited (PCTN:LON) | 64.9 0 0.0% | Mkt Cap: 355.4m
- Published:
20 Nov 2018 -
Author:
Martyn King -
Pages:
9
Picton had a good half year, maintaining a high level of occupancy and income, generating year-on-year growth in EPRA earnings and dividends, and reducing gearing further. The portfolio is strongly biased towards the better-performing industrial and regional office property markets and offers significant reversionary potential. Entry to the UK REIT regime will avoid negative effects from recent UK tax law changes, while the change in its listing status to that of a commercial company, from an