Picton Property Income ( (GB:PCTN) ) has issued an announcement.
Picton Property Income Limited announced the purchase and cancellation of 228,185 of its ordinary shares on the London Stock Exchange, reducing its total shares in issue to 546,956,960. This transaction impacts the company’s voting rights and may require shareholders to update their interest under regulatory rules, reflecting Picton’s strategic financial management to bolster its market positioning.
More about Picton Property Income
Picton Property Income Limited, established in 2005, is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange and part of several EPRA indices, including the FTSE EPRA Nareit Global Index. The company manages a £737 million UK commercial property portfolio across 48 assets with around 350 occupiers, focusing on delivering strong performance and income returns, particularly within the industrial sector. Picton is committed to responsible business practices and aims to achieve net zero carbon by 2040.
YTD Price Performance: 2.41%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $437.4M
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