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Picton Property Income
(LSE:PCTN)
Picton Property Income (PCTN) vs. S&P 500 (SPY)
Picton Property Income Business Overview & Revenue Model
Picton Property Income Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 68.81M | 54.69M | -67.73M | 169.09M | 49.91M | 40.59M | Gross Profit |
| 47.99M | 37.89M | -83.46M | 157.83M | 40.02M | 28.56M | EBIT |
| 24.32M | 30.67M | -80.78M | 154.28M | 33.80M | 22.38M | EBITDA |
| 39.86M | 30.82M | 0.00 | 0.00 | 28.07M | 20.00M | Net Income Common Stockholders |
| 6.44M | -4.79M | -98.28M | 146.99M | 33.80M | 22.51M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 19.77M | 19.77M | 20.05M | 38.55M | 23.36M | 23.57M | Total Assets |
| 773.92M | 773.92M | 792.56M | 895.81M | 712.47M | 695.67M | Total Debt |
| 228.82M | 228.82M | 225.46M | 219.54M | 165.47M | 166.95M | Net Debt |
| 209.05M | 209.05M | 205.41M | 180.99M | 142.11M | 143.39M | Total Liabilities |
| 249.44M | 249.44M | 244.93M | 238.68M | 184.27M | 186.39M | Stockholders Equity |
| 524.48M | 524.48M | 547.62M | 657.13M | 528.20M | 509.28M |
| Cash Flow | Free Cash Flow | ||||
| 33.31M | 20.20M | 23.02M | 20.01M | 18.30M | 13.54M | Operating Cash Flow |
| 33.31M | 20.21M | 23.03M | 20.01M | 18.57M | 13.54M | Investing Cash Flow |
| 20.90M | -4.46M | -26.76M | -33.83M | -1.30M | 24.99M | Financing Cash Flow |
| -41.90M | -16.02M | -14.59M | 29.01M | -17.48M | -40.14M |
Picton Property Income Technical Analysis
Picton Property Income Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £315.21M | 19.64 | 3.85% | 8.04% | 7.81% | ― | |
69 Neutral | £1.98B | 17.07 | 3.29% | 4.44% | 3.73% | ― | |
68 Neutral | £228.90M | 75.48 | 1.05% | 7.18% | ― | ― | |
65 Neutral | £3.52B | 19.35 | 3.17% | 6.47% | -30.83% | ― | |
61 Neutral | $4.24B | 15.87 | -3.65% | 12.20% | 6.29% | -21.37% | |
58 Neutral | $355.71M | 44.83 | 1.55% | 5.17% | 2.51% | ― | |
52 Neutral | £3.95B | 37.48 | 1.61% | 7.50% | -1.73% | ― |
Picton Property Income Corporate Events
Picton Property Income Limited has announced the purchase and cancellation of 165,000 of its Ordinary Shares on the London Stock Exchange, as part of its ongoing share management strategy. This transaction reduces the total number of shares in issue to 535,448,769, impacting shareholder voting rights and potentially influencing market perceptions of the company’s financial health and strategic direction.
Spark’s Take on GB:PCTN Stock
According to Spark, TipRanks’ AI Analyst, GB:PCTN is a Neutral.
Picton Property Income’s overall stock score reflects mixed financial performance with strengths in cash flow and gross margins but challenges in profitability and revenue consistency. The technical analysis indicates potential stability, while the high P/E ratio suggests caution. Positive corporate actions like share buybacks are a highlight, enhancing shareholder value. The attractive dividend yield provides income potential, balancing the valuation concerns.
To see Spark’s full report on GB:PCTN stock, click here.
Picton Property Income Limited has repurchased 186,231 of its Ordinary Shares for cancellation, as part of its ongoing strategy to manage its share capital. This transaction, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange, reflects Picton’s agile approach to adapting to market conditions and optimizing shareholder value, with the company now having 535,613,769 Ordinary Shares in issue.
Spark’s Take on GB:PCTN Stock
According to Spark, TipRanks’ AI Analyst, GB:PCTN is a Neutral.
Picton Property Income’s overall stock score reflects a combination of mixed financial performance and solid corporate actions. The company’s efforts to enhance shareholder value through share buybacks are a positive highlight. However, challenges in achieving consistent profitability and a high P/E ratio present cautionary factors. The technical analysis suggests potential stability and upward momentum, while the attractive dividend yield adds value for investors seeking income.
To see Spark’s full report on GB:PCTN stock, click here.
Picton Property Income Limited has repurchased and cancelled 100,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 72.2 pence per share. This transaction reduces the total number of shares in issue to 535,800,000, impacting shareholder voting rights and potentially enhancing shareholder value by increasing earnings per share.
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.
Picton Property Income Limited has repurchased and canceled 200,000 of its ordinary shares, as part of its strategy to manage its capital structure. This transaction, conducted through the London Stock Exchange, reflects Picton’s ongoing efforts to optimize shareholder value and maintain its position as a leading diversified UK REIT.
Picton Property Income Limited has announced that it will release its full-year results for the period ending 31 March 2025 on 22 May 2025. The company will host briefings for analysts and investors, providing insights into its performance and strategic direction. This announcement is significant for stakeholders as it highlights Picton’s ongoing commitment to transparency and engagement with its investor community, potentially impacting its market positioning and stakeholder confidence.
Picton Property Income Limited has repurchased and cancelled 100,000 of its ordinary shares, traded on the London Stock Exchange, at an average price of 72.2 pence per share. This transaction reduces the total number of shares in issue to 536,100,000, impacting shareholder voting rights and potentially affecting shareholder interest notifications under regulatory guidelines.
Picton Property Income Limited has repurchased and canceled 200,000 of its Ordinary Shares, traded on the London Stock Exchange, at an average price of 72.6 pence per share. This transaction reduces the total number of shares in issue to 536,200,000, impacting shareholder calculations under the Financial Conduct Authority’s rules.
Picton Property Income Limited announced that as of March 31, 2025, its total issued share capital consists of 536,400,000 ordinary shares with voting rights. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules. The announcement underscores Picton’s transparency and regulatory compliance, which may impact shareholder engagement and market perception.
Picton Property Income Limited has completed the sale of a vacant office building in Cardiff for £8.37 million, which will be redeveloped into student accommodation. This transaction, part of a broader strategy to sell office assets with secured planning permission for residential or student use, allows Picton to improve portfolio occupancy, allocate capital for existing investments, repay debt, and initiate a share buyback program. The sale price reflects a 21% premium over the March 2024 valuation, highlighting the company’s ability to leverage planning processes for financial gain.
Picton Property Income Limited has repurchased 200,000 of its ordinary shares for cancellation, trading at an average price of 71.9 pence per share on the London Stock Exchange. This transaction adjusts the total number of shares in issue to 536,400,000, impacting shareholder voting rights and potentially influencing market perceptions of the company’s value and strategic direction.
Picton Property Income Limited has repurchased 200,000 of its ordinary shares for cancellation, trading on the London Stock Exchange at an average price of 71.7 pence per share. This transaction reduces the total number of shares in issue to 536,600,000, impacting shareholder voting rights and potentially affecting market perceptions of the company’s financial health and strategic direction.
Picton Property Income Limited announced the purchase and cancellation of 232,482 of its ordinary shares, traded on the London Stock Exchange, at an average price of 71.0 pence per share. This transaction reduces the total number of shares in issue to 536,800,000, impacting shareholder calculations under the Financial Conduct Authority’s rules.
Picton Property Income Limited has repurchased and canceled 200,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 71.3 pence per share. This transaction reduces the total number of shares in issue to 537,032,482, impacting shareholder voting rights and potentially influencing market perceptions of the company’s financial health and strategic direction.
Picton Property Income Limited announced the purchase and cancellation of 200,000 of its Ordinary Shares on the London Stock Exchange, reducing its total shares in issue to 537,232,482. This transaction is part of Picton’s strategic management of its share capital, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules and demonstrating the company’s active approach to managing its financial structure.
Picton Property Income Limited has announced the purchase and cancellation of 200,000 of its Ordinary Shares, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the total number of shares in issue to 537,432,482, impacting the company’s voting rights and potentially affecting shareholder interests. This move reflects Picton’s strategic approach to managing its share capital and enhancing shareholder value.
Picton Property Income Limited has repurchased and cancelled 200,000 of its ordinary shares, traded on the London Stock Exchange, at an average price of 70.5 pence per share. This transaction reduces the total number of shares in issue to 537,632,482, impacting shareholder voting rights and potentially enhancing shareholder value by consolidating ownership.
Picton Property Income Limited has repurchased 200,000 of its own ordinary shares, which were acquired on the London Stock Exchange at an average price of 69.9 pence per share. This transaction reduces the total number of shares in issue to 537,832,482, impacting shareholder voting rights and potentially enhancing shareholder value through reduced share dilution.
Picton Property Income Limited has repurchased and canceled 60,951 of its ordinary shares, traded on the London Stock Exchange, at an average price of 68.6 pence per share. This transaction reduces the total number of shares in issue to 538,032,482, impacting the company’s total voting rights and potentially influencing shareholder interest calculations under regulatory guidelines.
Picton Property Income Limited has repurchased and canceled 200,000 of its ordinary shares, traded on the London Stock Exchange, at an average price of 67.6 pence per share. This transaction reduces the total number of shares in issue to 538,093,433, impacting the voting rights and shareholding calculations for stakeholders under the Financial Conduct Authority’s rules.
Picton Property Income Limited has announced the purchase and cancellation of 200,000 of its ordinary shares, which were acquired through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the total number of shares in issue to 538,293,433, impacting voting rights calculations for shareholders. This strategic move is part of Picton’s ongoing efforts to optimize its capital structure and enhance shareholder value.
Picton Property Income Limited has announced a change in the voting rights held by Rathbones Investment Management Ltd and its affiliates. The notification indicates a decrease in voting rights from 13.9561% to 12.9581%, reflecting a shift in the investment positions of these stakeholders. This adjustment in holdings could impact the company’s governance dynamics and influence future strategic decisions.
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.
Picton Property Income Limited has repurchased 200,000 of its ordinary shares for cancellation, trading on the London Stock Exchange at an average price of 66.1 pence per share. This transaction reduces the total number of shares in issue to 538,693,433, impacting shareholder voting rights and potentially influencing market perceptions of the company’s financial strategy.
Picton Property Income Limited has repurchased and canceled 200,000 of its ordinary shares, traded on the London Stock Exchange, at an average price of 64.9 pence per share. This transaction reduces the total number of shares in issue to 538,893,433, impacting shareholder voting rights and potentially enhancing shareholder value by reducing the share count.
Picton Property Income Limited has repurchased 650,000 of its own ordinary shares for cancellation, trading on the London Stock Exchange at an average price of 66.2 pence per share. This transaction reduces the total number of shares in issue to 539,293,433, impacting the voting rights and shareholding calculations for stakeholders under the Financial Conduct Authority’s rules.
Picton Property Income Limited has announced the purchase and cancellation of 670,000 of its Ordinary Shares, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the total number of shares in issue to 539,943,433, impacting the company’s total voting rights and potentially affecting shareholder interests under the Financial Conduct Authority’s rules.
Picton Property Income Limited has repurchased 550,000 of its ordinary shares for cancellation at an average price of 65.3 pence per share, reducing its total shares in issue to 540,613,433. This transaction, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange, impacts the company’s total voting rights and may affect shareholder notifications under the Financial Conduct Authority’s rules.
Picton Property Income Limited has announced that as of February 28, 2025, its issued share capital consists of 541,163,433 Ordinary Shares with voting rights. This information is crucial for shareholders to determine their notification obligations under the FCA’s Disclosure Guidance and Transparency Rules.
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.
Picton Property Income Limited has repurchased and cancelled 329,366 of its ordinary shares on the London Stock Exchange, reducing its total shares in issue to 541,525,093. This transaction is part of Picton’s strategic approach to manage its capital structure, potentially enhancing shareholder value and maintaining its position as a leading diversified UK REIT.
Picton Property Income Limited has repurchased and canceled 440,000 of its ordinary shares on the London Stock Exchange, reducing its total shares in issue to 541,854,459. This transaction is part of Picton’s strategy to manage its capital structure and enhance shareholder value, reflecting its commitment to maintaining a strong market position and adapting to evolving market trends.
Picton Property Income Limited has repurchased and canceled 430,000 of its ordinary shares, traded on the London Stock Exchange, at an average price of 66.0 pence per share. This transaction reduces the total number of shares in issue to 542,294,459, impacting the voting rights and potentially influencing shareholder interest calculations under regulatory guidelines.
Picton Property Income Limited has repurchased and cancelled 415,000 of its Ordinary Shares, reducing its total shares in issue to 542,724,459. This move is part of the company’s strategy to manage its capital structure and could impact shareholder voting rights calculations. The transaction reflects Picton’s proactive approach to maintaining its market position and adapting to evolving market trends.
Picton Property Income Limited recently executed a share buyback, purchasing 222,501 of its Ordinary Shares for cancellation at an average price of 66.5 pence per share on the London Stock Exchange. This action adjusts the total number of shares in circulation to 543,139,459, impacting shareholder calculations and aligning with the company’s strategic focus on maintaining a flexible and agile business model in the real estate market.
Picton Property Income Limited has repurchased and cancelled 400,000 of its Ordinary Shares on the London Stock Exchange, reducing the total number of shares in issue to 543,361,960. This transaction is part of the company’s broader strategy to manage its share capital and may affect shareholders’ voting rights calculations under the Financial Conduct Authority’s rules.
Picton Property Income Limited has repurchased and cancelled 270,000 of its ordinary shares as part of its ongoing share management strategy. This transaction, conducted through the London Stock Exchange, reduces the total number of shares to 543,761,960, impacting shareholders’ voting rights and potentially indicating the company’s confidence in its financial health and market position.
Picton Property Income Limited has repurchased 400,000 of its Ordinary Shares for cancellation, as part of its strategy to manage the total number of voting shares, which now stands at 544,031,960. This move can influence shareholder interests and reflects the company’s active approach to managing its capital structure, potentially benefiting stakeholders by enhancing earnings per share and overall shareholder value.
Picton Property Income Limited recently executed a share buyback, purchasing 400,000 of its ordinary shares on the London Stock Exchange at an average price of 65.6 pence per share. This transaction, aimed at optimizing the company’s capital structure, reduces the total number of shares in issue to 544,431,960, thereby potentially enhancing shareholder value and adjusting voting rights for its investors.
Picton Property Income Limited announced the purchase and cancellation of 400,000 of its ordinary shares on the London Stock Exchange, aiming to optimize its capital structure. This transaction reduces the total number of shares in issue to 544,831,960, impacting shareholder voting rights and potentially influencing investor interest in compliance with the Financial Conduct Authority’s regulations.
Picton Property Income Limited announced the purchase and cancellation of 350,000 of its ordinary shares on the London Stock Exchange, aiming to optimize its capital structure. This transaction reduces the total number of issued shares to 545,231,960, impacting shareholder calculations related to voting rights and interest disclosures per Financial Conduct Authority rules.
Picton Property Income Limited has repurchased 350,000 of its Ordinary Shares, reducing the total number of shares to 545,581,960. This move is part of its strategy to manage its capital structure and potentially enhance shareholder value, reflecting its focus on strategic growth and market adaptation.
Picton Property Income Limited announced the purchase and cancellation of 350,000 of its Ordinary Shares, traded on the London Stock Exchange, with an average price of 65.6 pence per share. This transaction reduces the total number of issued shares to 545,931,960, impacting the company’s total voting rights and potentially influencing shareholder interests under regulatory guidelines.
Picton Property Income Limited announced the purchase and cancellation of 350,000 of its ordinary shares on the London Stock Exchange, with an average price of 67.1 pence per share. This transaction reduces the total number of ordinary shares in issue to 546,281,960, impacting the voting rights and interest calculations for shareholders under the Financial Conduct Authority’s rules.
Picton Property Income Limited is experiencing growth in earnings and rising valuations. Kepler Trust Intelligence has released new research on Picton, offering valuable insights for long-term investors in the UK. This comprehensive analysis is accessible to UK investors and aims to provide a clear understanding of Picton’s investment potential.
Picton Property Income Limited has announced a significant change in its major holdings, with Ameriprise Financial, Inc. increasing its voting rights to a total of 15.127%, crossing a notable threshold. This adjustment in holdings highlights a strategic move by Ameriprise, potentially impacting the company’s operations and signaling a shift in stakeholder dynamics within the property investment industry.
Picton Property Income Limited has announced the purchase and cancellation of 325,000 of its Ordinary Shares, traded on the London Stock Exchange, at an average price of 66.4p per share. This transaction results in a new total of 546,631,960 Ordinary Shares, influencing shareholder calculations under the Financial Conduct Authority’s guidelines, demonstrating Picton’s strategic positioning and commitment to shareholder value.
Picton Property Income Limited has repurchased and cancelled 325,000 of its ordinary shares on the London Stock Exchange, which affects the total voting rights of the company. This move reflects Picton’s strategic financial management and may influence shareholder interests as per the Financial Conduct Authority’s rules.
Picton Property Income Limited has initiated a share buyback programme with a budget of £10 million, having already repurchased 648,636 shares for around £0.4 million. The company announced it has given Stifel Nicolaus Europe Limited irrevocable instructions to continue the buyback until 30 April 2025. This strategic move is aimed at optimizing shareholder value as Picton continues to adapt to market trends with a flexible business model.
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.
Picton Property Income Limited has announced that its issued share capital as of January 31, 2025, comprises 547,185,145 ordinary shares with voting rights. This figure is crucial for shareholders to calculate their required notifications to the company and the FCA under the Disclosure Guidance and Transparency Rules. This announcement underscores Picton’s transparency in operations, which is vital for maintaining stakeholder trust and compliance with regulatory standards.
Picton Property Income Limited has announced the purchase and cancellation of 170,451 of its ordinary shares, trading on the London Stock Exchange. This move is part of the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value. The transaction adjusts the total number of shares in issue to 547,185,145, affecting voting rights and interests for shareholders. This strategic action reflects Picton’s agile approach to market trends, aligning with its long-term goals of income and capital growth, particularly within the industrial sector.
Picton Property Income Limited has announced the purchase and cancellation of 250,000 of its own ordinary shares at an average price of 63.0 pence per share, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the company’s total shares in issue to 547,355,596, impacting shareholder voting rights and interest notifications under the Financial Conduct Authority’s rules.
Picton Property Income Limited announced a share buyback program, aiming to address the gap between its share price and net asset value. The company has disposed of office assets to reduce exposure, reinvesting proceeds into debt repayment and asset quality improvement. The program, with a maximum consideration of £10 million, is a strategic move to create shareholder value amidst a significant share price undervaluation.
Picton Property Income Limited reported a 2.3% increase in its Net Asset Value (NAV) for the quarter ending December 2024, driven by portfolio growth and proactive asset management, resulting in improved rental growth and a strong balance sheet. The company plans to reduce its office exposure to below 25% by completing asset disposals before the year-end, aiming to enhance portfolio occupancy to 95%. Despite a 35% discount in the share price compared to NAV, Picton’s dividend remains fully covered, with an interim dividend declared and total borrowings reduced under long-term fixed rate facilities, reflecting a stable financial position.
Picton Property Income Limited has announced an interim dividend of 0.925 pence per share for the financial period from 1 October 2024 to 31 December 2024, which will be classified as a property income distribution. The dividend is part of Picton’s ongoing strategy to deliver consistent income returns, maintaining its position as a leading diversified UK REIT while adapting to market trends.
Picton Property Income Limited has announced the appointment of Francis Salway as the new Chair of its Board, effective February 1, 2025. Salway, with extensive experience in the property sector, is expected to bring strategic vision and leadership, succeeding Lena Wilson. This leadership change is anticipated to enhance Picton’s ability to capitalize on market opportunities, continuing its track record of strong property performance and shareholder value creation.