Asset SalesPicton has completed the sale of Longcross, Cardiff, for £8.4m, in line with the December valuation, but a 21% premium to the March 2024 book valuation.
Balance SheetThe balance sheet is in excellent health, with the LTV 25% and falling.
Portfolio PerformancePicton's property portfolio continues to exceed the MSCI UK Monthly All Property Index, which showed capital growth of 1.2% over the quarter, such that the company is on course for its 11th consecutive year of outperformance, driven by consistently superior sector and asset allocation decisions.