Positive leasing activity and rental growth drove Picton Property Income’s H123 income returns, softening the impact of weaker market-wide property values and continuing its long track record of property outperformance versus the index. Significant opportunities for further growth in income and fully covered DPS are protected by 95% of drawn debt being fixed rate. Low gearing provides protection against further weakness in property values and NAV.

07 Dec 2022
Picton Property Income - Income is now the driver of returns

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Picton Property Income - Income is now the driver of returns
Picton Property Income Limited (PCTN:LON) | 76.7 0.3 0.5% | Mkt Cap: 400.7m
- Published:
07 Dec 2022 -
Author:
Martyn King -
Pages:
11 -
Positive leasing activity and rental growth drove Picton Property Income’s H123 income returns, softening the impact of weaker market-wide property values and continuing its long track record of property outperformance versus the index. Significant opportunities for further growth in income and fully covered DPS are protected by 95% of drawn debt being fixed rate. Low gearing provides protection against further weakness in property values and NAV.