FINANCE: Picton Property’s half-year results for the six months ending 30 September show profit after tax up by more than threefold, to £31.8m, compared with the same period last year.
The company’s EPRA NAV per share is up from 56.4p per share in March to 62.3p per share, a 10.5% rise over the period.
Over the period Picton reported a 28% increase, to £273.7m, in the value its assets.
The company also acquired three assets for £42.7m, generating £3.2m of additional income per year.
