EPRA earnings were “stable” at £21m while the portfolio value fell 10% to £766m
But rents are on the up despite “the impact of market volatility”
Total shareholder returns fell to -11.4% as the share price weakened and NAV discount widened
Conservative balance sheet and fixed long-term debt puts Picton in ‘favourable position’
A 24% rise in values helped profits reach £147m, up from last year’s £34m
The £790m REIT wants to be net zero by 2040
The Mill Place trading estate sit next to the Madleaze estate, which Picton bought last September
The REIT has raised its dividend by 2.9% after NAV increased by 7.4%
The industrial-heavy REIT’s £54.4m six-month profit is its highest ever
The industrial-heavy REIT said NAV had grown by 3.2% over Q2
Lena Wilson will start role in 2021
Picton Property Income is preparing to scout out new dealmaking targets