Price (GBX)
67.60 -3.01%
PCTNORD NPV
Track
Open / Last close
68.50 / 67.60
High / Low
69.00 / 67.30
Bid / Offer
67.80 / 69.00
Turnover
£56,713.46
Special Condition: -
Trading Status: Market Close
As at 01.06.20 20:17:17 - All data delayed at least 15 minutes

Picton Property Income Ltd instruments

Select instrument to view
Equity (1)
Code Instrument name Price Change Type Documentation
PCTNORD NPV67.60
GBX
-3.01%Equity-

Price information

What's this?
Open price
68.50
Previous close price / date
67.60 / 01 June 2020
Volume
340,132
Turnover
£56,713.46
52 week range
52.00 / 103.00
YTD return
-30.95
1 year return
-28.99

Instrument information

What's this?
Instrument market cap (£m)
381.68
Earnings per share
0.06
Dividend (yield)
3.95 %
Issue date
19 December 2005
ISIN
GB00B0LCW208
SEDOL
B0LCW20
Market identifier code (MIC)
XLON
Country of share register
GG
Market segment
SSMM
Trading service
SETS
Date Time Price CurrencyVolume Trade ValueTrade type Trade flag MIC
01.06.20 16:52:07 67.61 GBX 1,427 964.75 Off-Book TNCP XOFF
01.06.20 16:35:26 67.60 GBX 26,425 17,863.30 UT - XLON
01.06.20 16:29:52 69.00 GBX 542 373.98 AT ALGO XLON
01.06.20 16:28:40 68.70 GBX 8 5.50 AT ALGO XLON
01.06.20 16:25:22 68.09 GBX 587 399.71 Off-Book - XLON

Equity Research

from Picton Property Income Ltd
Picton Property Income - Maintaining balance sheet strength and flexibility

Picton Property Income has completed a new £50m revolving credit facility (RCF) to replace two existing facilities that were due to expire in June 2021. Although initially undrawn, the facility maintains operational and financial flexibility, for a longer duration, at a slightly reduced cost. We expect FY20 results to be released later in June, although no date has been confirmed, including an update on the impact of COVID-19. The company entered this period of acute economic and sector uncertainty with a strong and liquid balance sheet and material internal asset management opportunities to support income and capital values.

View report
Picton Property Income - COVID-19 punctuated a positive Q420

Picton Property Income has provided an update on its further progress in the three months ended 31 March 2020 (Q420), as well as the impact of COVID-19 and its response to this. The company enters a period of acute economic and sector uncertainty with a strong and liquid balance sheet, and material internal asset management opportunities to support income and capital values.

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Picton Property Income - 2.6% third-quarter NAV total return

Picton produced a strong 2.6% NAV total return in Q320, with a good property portfolio performance driven by key asset management transactions and portfolio positioning (more than 80% in the well-performing industrial and office sectors). Dividend cover remains strong and increased during the quarter. Moderate gearing and significant potential to increase income by leasing refurbished space at completion are positive indicators for future performance.

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Picton Property Income - Delivering income while investing for growth

Against a more uncertain political and economic backdrop, Picton produced a solid performance in H120 with a positive 2.8% NAV total return built off a good property portfolio performance. A significant refurbishment programme dampened income and recurring earnings as expected, but dividend cover remains strong. Portfolio positioning (more than 80% in the well-performing industrial and office sectors), moderate gearing and significant potential to increase income by leasing refurbished space at completion are positive indicators for future performance.

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Picton Property Income - Executive interview

Picton Property Income is an internally managed UK REIT that invests in a diversified portfolio of commercial property across the UK. It aims to be one of the consistently best-performing, diversified, UK-focused property companies on the Main Market of the LSE. IT has outperformed the MSCI Quarterly Property Index over one, three, five and 10 years, and in the most recent reporting period (the six months ended 30 September 2019) it delivered an ungeared property total return of 3.5% compared with the Index return of 0.8%. To achieve this, Picton pursues a total return-focused strategy while giving a heavy focus to income returns. In this interview, chief executive Michael Morris discusses the interim results and the outlook.

View report

Latest reports

from Picton Property Income Ltd
Picton Property Income Annual Report 2019
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