Last checked at 30 Nov 2023 12:43
Edison Investment Research Limited Edison issues update on Picton Property Income (PCTN): Resilient H124 with fully covered DPS 30-Nov-2023 / 12:43 GMT/BST The issuer is solely responsible for the content of this announcement.
London, UK, 30 November 2023
Edison issues update on Picton Property Income (PCTN): Resilient H124 with fully covered DPS In a challenging market environment, Picton Property Income (PCTN) produced a resilient H124 financial performance, supporting fully covered DPS. This was underpinned by continued portfolio outperformance of the MSCI UK Quarterly Property Index, building on a long-term track record of upper quartile performance since inception. Rents continued to grow, asset management initiatives are in place, aimed at capturing reversionary income potential, and borrowings are mostly long term and fixed rate.
The current annualised rate of DPS (3.5p) represents a yield of 4.3%. The H124 P/NAV is c 0.67x. Click here to view the full report.
All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Martyn King +44 (0)20 3077 5700 financials@edisongroup.com Learn more at www.edisongroup.com and connect with Edison on: LinkedIn www.linkedin.com/company/edison-group-/ Twitter www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement. |
1785845 30-Nov-2023
corporate announcement transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.