We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Picton Property Income Ld | LSE:PCTN | London | Ordinary Share | GB00B0LCW208 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.80 | -1.23% | 64.20 | 63.60 | 64.40 | 65.60 | 63.90 | 65.20 | 989,798 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 51.82M | -89.53M | -0.1642 | -3.95 | 353.85M |
17 January 2017
PICTON PROPERTY INCOME LIMITED
(“Picton”, the “Company” or the “Group”)
PICTON DISPOSES OF TWO NON-CORE RETAIL ASSETS
Picton, the property investment company, announces the disposal of two small, non-core retail assets in Bath for a total of £3.23 million, reflecting an aggregate net initial yield of 4.7% and a 29% premium to the 30 September external valuation.
The disposals of 2 Bath Street and 6 Argyle Street, are in line with the Company’s ongoing strategy to reshape the portfolio in favour of larger assets with greater potential for capital and income growth.
These assets were originally purchased with a combined value of £2.08 million as part of the Rugby REIT acquisition in 2010 and have since generated attractive income and capital returns.
Michael Morris, Chief Executive of Picton Capital Limited, commented: “These disposals are NAV accretive, reduce our overall retail exposure and further demonstrate our ability to create value significantly ahead of the wider market, through our opportunity led approach.”
Picton will announce its net asset value as at 31 December 2016 during the week commencing 23 January 2017.
ENDS
For further information:
Tavistock
Jeremy Carey/James Verstringhe, 020 7920 3150, james.verstringhe@tavistock.co.uk
Picton Capital Limited
Michael Morris, 020 7011 9980, michael.morris@picton.co.uk
Note to Editors
Picton is an income focused property investment company listed on the London Stock Exchange. Picton can invest both directly and indirectly in commercial property across the United Kingdom.
With Net Assets of £423.9 million at 30 September 2016, the Company´s objective is to provide shareholders with an attractive level of income, together with the potential for capital growth by investing in the principal commercial property sectors. www.picton.co.uk
Copyright y 16 PR Newswire
1 Year Picton Property Income Ld Chart |
1 Month Picton Property Income Ld Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions