Picton Prop Regulatory News (PCTN)

Picton Property Income (PCTN)

30/06/2026

Results analysis from Kepler Trust Intelligence

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Picton Property Income (PCTN) has released its results for the year ending 31/03/2026, recording a NAV total return of 6.1% and profits of 5.0 pence per share (2025: 6.9p). PCTN's property total return was 5.9% (2025: 7.3%) for the year, compared to 5.4% (2025: 6.3%) for the MSCI UK Quarterly Property Index. This marks the 13th consecutive year PCTN has outperformed the property index. Net assets were £522m (2025: £533m) at the year end. The NAV per share increased 2% to 102p (2025: 100p) and dividends for the year totalled 3.8p (2025: 3.7p), a 2.7% increase.

At the beginning of 2026, PCTN's board initiated a strategic review to explore options to maximise shareholder value. On 12/05/2026, a proposed offer from LondonMetric (LMP) and Schroder Real Estate (SREI) was published. At the time of writing this remains in process but has not become a formal offer. As a result, the buyback programme has been suspended.

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