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Pin to quick picksPicton Prop Company Research (PCTN)

Share Price Information for Picton Prop (PCTN)

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70.80    0.00 (0.00%)
Bid:
0.00
Ask:
0.00
Spread: 0.60 (0.851%)
Market Cap: £361.58m
PCTN Live PriceLast checked at - London Stock Exchange

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Further accretive sale completed

Tue, 01st Apr 2025 09:22

Picton Property Income (PCTN) has completed the £8.4m disposal of a vacant office building, which is to be redeveloped for student accommodation. The company completed three such sales in FY25, for an aggregate £51m (gross), at an average 5% premium to the March 2024 valuation. In addition to the valuation uplift, the sales significantly enhance earnings and provide opportunities for accretive capital deployment, including ongoing share repurchases.

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