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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Picton Property Income Ld | PCTN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.20 | -0.27% | 73.50 | 16:29:52 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 74.30 | 72.60 | 74.30 | 73.50 | 73.70 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 06/05/2025 | Interim | GBP | 0.0095 | 15/05/2025 | 16/05/2025 | 30/05/2025 |
| 28/01/2025 | Interim | GBP | 0.00925 | 06/02/2025 | 07/02/2025 | 28/02/2025 |
| 29/10/2024 | Interim | GBP | 0.00925 | 07/11/2024 | 08/11/2024 | 29/11/2024 |
| 31/07/2024 | Interim | GBP | 0.00925 | 08/08/2024 | 09/08/2024 | 30/08/2024 |
| 01/05/2024 | Interim | GBP | 0.00925 | 09/05/2024 | 10/05/2024 | 31/05/2024 |
| 30/01/2024 | Interim | GBP | 0.00875 | 08/02/2024 | 09/02/2024 | 29/02/2024 |
| 30/10/2023 | Interim | GBP | 0.00875 | 09/11/2023 | 10/11/2023 | 30/11/2023 |
| 26/07/2023 | Interim | GBP | 0.00875 | 03/08/2023 | 04/08/2023 | 31/08/2023 |
| 26/04/2023 | Interim | GBP | 0.00875 | 04/05/2023 | 05/05/2023 | 31/05/2023 |
| 31/01/2023 | Interim | GBP | 0.00875 | 09/02/2023 | 10/02/2023 | 28/02/2023 |
| 21/10/2022 | Interim | GBP | 0.00875 | 03/11/2022 | 04/11/2022 | 30/11/2022 |
| 27/07/2022 | Interim | GBP | 0.00875 | 04/08/2022 | 05/08/2022 | 31/08/2022 |
| 27/04/2022 | Interim | GBP | 0.00875 | 12/05/2022 | 13/05/2022 | 31/05/2022 |
| 27/01/2022 | Interim | GBP | 0.00875 | 03/02/2022 | 04/02/2022 | 28/02/2022 |
| 22/10/2021 | Interim | GBP | 0.0085 | 04/11/2021 | 05/11/2021 | 30/11/2021 |
| 28/07/2021 | Interim | GBP | 0.0085 | 05/08/2021 | 06/08/2021 | 31/08/2021 |
| 30/04/2021 | Interim | GBP | 0.008 | 13/05/2021 | 14/05/2021 | 28/05/2021 |
| 28/01/2021 | Interim | GBP | 0.008 | 04/02/2021 | 05/02/2021 | 26/02/2021 |
| 26/10/2020 | Interim | GBP | 0.007 | 05/11/2020 | 06/11/2020 | 30/11/2020 |
| 24/07/2020 | Interim | GBP | 0.00625 | 06/08/2020 | 07/08/2020 | 28/08/2020 |
| Top Posts |
|---|
Posted at 06/5/2025 11:08 by speedsgh Picton secures rooftop residential scheme consent - Picton is pleased to confirm it has secured approval, via permitted development rights, to create an additional floor of residential accommodation above offices at 50 Farringdon Road, London EC1. The consent allows for the creation of a new fourth storey, comprising 13 residential flats and totalling approximately 8,200 sq ft, all with views across the London skyline towards St Paul's Cathedral. This is the first Class AB Permitted Development application approved by the London Borough of Islington, enabling residential accommodation to be built above existing commercial assets and without the need for a full planning application. Michael Morris, Chief Executive of Picton, commented: "This will be the fourth office asset where we have achieved planning permission since 2023 and demonstrates the success of our strategy to create value from alternative uses within our office portfolio. I would like to thank our team and advisors for their efforts in achieving this excellent outcome." |
Posted at 06/5/2025 11:06 by speedsgh ~ Dividend increased to 0.95p/qtr (3.80p annualised) with effect from Q4 payment in May.Picton announces dividend increase - Picton today announces a 2.7% increase in its dividend, effective May 2025. The interim dividend payment in respect of the financial period from 1 January 2025 to 31 March 2025, will be 0.95 pence per share (1 October 2024 to 31 December 2024: 0.925 pence per share). The dividend timetable is set out below: Ex-Dividend Date: 15 May 2025 Record Date: 16 May 2025 Pay Date: 30 May 2025 The dividend of 0.95 pence per share will be designated as a property income distribution ('PID'). |
Posted at 02/5/2025 12:41 by speedsgh Refinance of revolving credit facility - OLD 2020 RCF Amount: £50m Provider: National Westminster Bank plc Term: 3yrs + option for two 1yr extensions Interest on drawn balances: SONIA (LIBOR) + 150 basis points Undrawn commitment fee: 60 basis points NEW 2025 RCF Amount: £50m Provider: National Westminster Bank plc Term: 3yrs + option for two 1yr extensions Interest on drawn balances: SONIA + 165 basis points Undrawn commitment fee: 66 basis points (40% of margin above SONIA) |
Posted at 28/1/2025 08:09 by speedsgh ~ NAV/EPRA NTA per share increased by 2.3% to 98.5p (30/9/24: 96.3p)-------------------- ~ Q3 dividend of 0.925p payable 28 Feb (XD 6 Feb) ~ Dividend cover for the quarter of 111% |
Posted at 27/1/2025 10:29 by speedsgh Picton appoints Francis Salway as Chair - "... We are pleased to welcome Francis to the Picton team and look forward to working together as we seek to create value for shareholders. His extensive experience in the property sector and strategic vision will be invaluable as we seek to take advantage of opportunities arising from current market conditions". |
Posted at 10/12/2024 16:34 by speedsgh Portfolio Update: Office disposal and asset management activity improve income and occupancy - |
Posted at 12/11/2024 15:25 by speedsgh Solid reliable company with relatively unexciting dividend. Better opportunities elsewhere at the moment imo |
Posted at 12/11/2024 15:23 by speedsgh Half Year Results - Commenting on the results, Michael Morris, Chief Executive of Picton, said: "We are pleased with the progress we have made during the period delivering EPRA earnings growth of nearly 12% compared to this time last year. Net assets have increased and we continue to operate with a fully covered dividend. We have improved occupancy and further invested into upgrading our portfolio. With asset disposal proceeds we have also fully repaid floating rate debt, with the remaining facilities now 100% fixed, with a seven-year maturity profile. We are progressing our portfolio repositioning strategy and are also encouraged by our pipeline of asset management activity. Alongside our investment into our portfolio this will drive occupancy, income and capital growth." |
Posted at 01/5/2024 09:05 by speedsgh Picton Announces 5.7% Increase in Dividend - Picton today announces a 5.7% increase in its dividend, effective May 2024. The interim dividend payment in respect of the financial period from 1 January 2024 to 31 March 2024, will be 0.925 pence per share (1 October 2023 to 31 December 2023: 0.875 pence per share). Picton intends to maintain a fully covered dividend at this increased level, which follows recent portfolio activity and the subsequent repayment of the Company's floating rate debt. The dividend timetable is set out below: Ex-Dividend Date: 9 May 2024 Record Date: 10 May 2024 Pay Date: 31 May 2024 The dividend of 0.925 pence per share will be designated as a property income distribution ('PID'). |
Posted at 30/1/2024 10:15 by speedsgh Trading Update and Net Asset Value as at 31 December 2023 - Lena Wilson CBE, Chair of Picton, commented: "The real estate market showed continued resilience from an occupational perspective, with all three core sectors showing positive rental growth for the year. With capital values having seen on average a 25% write down since their 2022 peak, the outlook, assuming interest rates have peaked, will become supportive and as such we expect a stabilisation of values in 2024." Michael Morris, Chief Executive of Picton, commented: "This quarter we have agreed some significant rental increases, which have mitigated the impact of outward yield movements, against a backdrop of rising interest rates in 2023. We have maintained a well covered dividend over the period and made good progress on specific asset management initiatives. These will enable us to improve earnings as we reposition our portfolio, to ensure it continues to meet evolving occupier needs. As we start 2024, we are already encouraged by portfolio activity." Financial Highlights • Net assets of £524.3 million (30 September 2023: £537.1 million). • NAV/EPRA NTA per share decreased by -2.5% to 96.0 pence (30 September 2023: 98.5 pence). • Total return for the quarter of -1.6% (30 September 2023: 0.0%). • LTV of 27.7% (30 September 2023: 27.7%). Operational Highlights • Like-for-like portfolio valuation movement of -1.5% over the quarter, with the industrial sector showing most resilience. • Secured a 33% increase against the previous passing rent from four rent reviews in the industrial and retail sectors, with an annual rent of £2.3 million, which was 5% ahead of the September 2023 ERV or the ERV at the time of the review if prior. • Renewed / regeared two leases in the industrial sector, with a combined annual rent of £0.1 million, an increase of 101% against the previous passing rent and in line with the September 2023 ERV. • Completed five lettings in the industrial and office sectors, securing a combined annual rent of £0.5 million, in line with the September 2023 ERV. • Secured valuable residential permitted development rights at Angel Gate EC1, in order to maximise future disposal proceeds. • Stable occupancy at 90% (30 September 2023: 90%). Dividend • Interim dividend of 0.875 pence per share declared in respect of the period 1 October 2023 to 31 December 2023 and to be paid on 29 February 2024 (1 July 2023 to 30 September 2023: 0.875 pence per share). • Annualised dividend equivalent to 3.5 pence per share, delivering a dividend yield of 5.3%, based on the share price at close of business on 26 January 2024. • Dividend cover for the quarter of 108% (30 September 2023: 115%). |
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