Picton Property Income ( (GB:PCTN) ) has issued an announcement.
Picton Property Income Limited has repurchased and canceled 361,660 of its ordinary shares, trading on the London Stock Exchange at an average price of 64.6 pence per share. This transaction reduces the total number of shares in issue to 541,163,433, impacting shareholder voting rights and potentially enhancing shareholder value by decreasing the share count.
More about Picton Property Income
Established in 2005, Picton Property Income Limited is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange. It manages a £737 million commercial property portfolio across 48 assets with around 350 occupiers. The company focuses on delivering upper quartile performance and higher income returns, with a strategic emphasis on the industrial sector. Picton is committed to achieving net zero carbon by 2040.
YTD Price Performance: 3.41%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $440.1M
See more data about PCTN stock on TipRanks’ Stock Analysis page.