Picton Property Income ( (GB:PCTN) ) just unveiled an update.
Picton Property Income Limited has repurchased 200,000 of its ordinary shares for cancellation, as part of its ongoing capital management strategy. This transaction reduces the total number of shares in issue to 538,493,433, impacting shareholder voting rights and potentially enhancing shareholder value through increased earnings per share.
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. It manages a diverse commercial property portfolio valued at £737 million, comprising 48 assets with around 350 occupiers. The company focuses on delivering high performance and income returns, particularly in the industrial sector, and is committed to achieving net zero carbon by 2040.
YTD Price Performance: 10.51%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $465.8M
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