Picton Property Income ( (GB:PCTN) ) has shared an announcement.
Picton Property Income Limited has announced an update to its share buyback programme, increasing the maximum aggregate consideration from £10 million to £12.5 million following a recent asset disposal. The board believes the share price undervalues the company, making the buyback an attractive use of proceeds alongside continued investment in its portfolio, with the programme set to conclude by 21 May 2025.
More about Picton Property Income
Established in 2005, Picton Property Income Limited is a UK-based company listed on the London Stock Exchange, managing a £737 million commercial property portfolio. With a focus on the industrial sector, Picton aims to be a top-performing diversified UK REIT, delivering high income returns and committed to achieving net zero carbon by 2040.
YTD Price Performance: 19.24%
Average Trading Volume: 450
Technical Sentiment Signal: Strong Sell
Current Market Cap: $500M
For detailed information about PCTN stock, go to TipRanks’ Stock Analysis page.