Picton Property Income (PCTN) AI Stock Analysis

• Market Cap: £402.66M
• Dividend Yield: 4.83%
• Average Volume (3M): 969.76K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 1.07
• Revenue Growth: -1.23%
• EPS Growth: N/A
• Country: UK
• Employees: 12
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.05
• Shares Outstanding: 521,345,000
• 10 Day Avg. Volume: 780,894
• 30 Day Avg. Volume: 969,764
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £90.48
• Price Target Upside: 16.44% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: 84.00p ▲(8.11% Upside)

Picton Property Income's overall score is driven by strong technical indicators and attractive valuation metrics. However, financial performance is mixed due to revenue and cash flow volatility, which slightly dampens the overall outlook.

Positive Factors

Profitability Margins

Strong profitability margins indicate effective cost management, which can support long-term financial health and shareholder returns.

Balance Sheet Strength

A strong equity position and low leverage provide financial stability, reducing risk and enhancing the company's ability to invest in growth opportunities.

Cash Generation Ability

Positive cash flow growth indicates good cash generation relative to earnings, supporting ongoing operations and potential reinvestment in the business.

Negative Factors

Revenue Volatility

Inconsistent revenue trends can create uncertainty in financial planning and may impact the company's ability to sustain long-term growth.

Earnings Volatility

Earnings volatility suggests potential challenges in maintaining stable financial performance, which can affect investor confidence and strategic planning.

Free Cash Flow Volatility

Volatility in free cash flow can lead to liquidity risks, affecting the company's ability to fund operations and invest in future growth opportunities.

Picton Property Income Business Overview & Revenue Model

Company Description

Picton, established in 2005, is a UK REIT. It owns and actively manages a £665 million diversified UK commercial property portfolio, invested across 47 assets and with around 350 occupiers (as at 31 March 2020). Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.

How the Company Makes Money

Picton Property Income generates revenue primarily through rental income from its portfolio of commercial properties. The company leases office, industrial, and retail spaces to a variety of tenants, creating a steady stream of income from rent payments. Additionally, Picton Property Income actively engages in asset management and property enhancement activities to increase the value of its properties, which can lead to higher rental rates and potential capital gains. The company may also make strategic acquisitions and disposals to optimize its portfolio and maximize returns. Partnerships with property managers and real estate agents can further enhance operational efficiency and occupancy rates, contributing to the company's earnings.

Picton Property Income Financial Statement Overview

Summary

Picton Property Income shows strong profitability margins and a stable balance sheet supported by low leverage. However, the company faces challenges with irregular revenue and earnings patterns, and cash flow volatility, which suggest potential difficulties in maintaining stable financial performance.

Income Statement

Picton Property Income has shown inconsistent revenue trends with a significant revenue drop in 2023, followed by a recovery. Gross and net profit margins are relatively strong at 69.7% and 69.1% respectively for 2025, indicating effective cost management. However, the drastic fluctuation in net income, including a negative net profit in 2024, suggests volatility in earnings.

Balance Sheet

The balance sheet reflects a strong equity position with a high equity ratio of 69.8% in 2025, highlighting financial stability. The debt-to-equity ratio of 0.40 is conservative, suggesting low leverage. However, the decline in total assets and equity over the years needs attention.

Cash Flow

Operating cash flow is positive and showed growth from prior years, with a free cash flow to net income ratio of 0.67 for 2025 indicating good cash generation relative to earnings. However, the significant volatility in free cash flow growth and financing cash outflows pose potential liquidity risks.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	54.02M	54.69M	-67.73M	169.09M	49.91M
Gross Profit	37.68M	37.89M	-83.46M	157.83M	40.02M
EBITDA	30.72M	30.82M	0.00	0.00	28.07M
Net Income	37.32M	-4.79M	-98.28M	146.99M	33.80M
Balance Sheet
Total Assets	764.64M	773.92M	792.56M	895.81M	712.47M
Cash, Cash Equivalents and Short-Term Investments	35.32M	19.77M	20.05M	38.55M	23.36M
Total Debt	211.21M	228.82M	225.46M	219.54M	165.47M
Total Liabilities	231.26M	249.44M	244.93M	238.68M	184.27M
Stockholders Equity	533.38M	524.48M	547.62M	657.13M	528.20M
Cash Flow
Free Cash Flow	24.91M	20.20M	23.02M	20.01M	18.30M
Operating Cash Flow	24.92M	20.21M	23.03M	20.01M	18.57M
Investing Cash Flow	37.69M	-4.46M	-26.76M	-33.83M	-1.30M
Financing Cash Flow	-47.07M	-16.02M	-14.59M	29.01M	-17.48M

Picton Property Income Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 77.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PCTN, the sentiment is Positive. The current price of 77.7 is below the 20-day moving average (MA) of 77.80, above the 50-day MA of 76.11, and above the 200-day MA of 71.89, indicating a neutral trend. The MACD of 0.47 indicates Positive momentum. The RSI at 52.06 is Neutral, neither overbought nor oversold. The STOCH value of 64.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PCTN.

Picton Property Income Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CREI	73 Outperform	£354.64M	8.89	9.14%	7.79%	3.79%	―
AIRE	70 Neutral	£57.56M	7.93	10.96%	8.70%	8.48%	207.85%
AEWU	68 Neutral	£172.68M	7.09	5.56%	7.38%	―	―
SREI	68 Neutral	£234.28M	80.00	1.05%	6.98%	―	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PCTN	62 Neutral	£402.66M	11.33	7.04%	4.83%	-1.23%	―
PCA	58 Neutral	£43.48M	47.36	1.67%	6.98%	-32.42%	―

Picton Property Income Corporate Events

Picton Property Income Cancels 50,000 Ordinary Shares

Picton Property Income Limited announced the purchase and cancellation of 50,000 of its ordinary shares on the London Stock Exchange at an average price of 74.4 pence per share. This transaction reduces the total number of shares in issue to 523,539,205, impacting the company’s voting rights and potentially affecting shareholder notifications under regulatory guidelines. This move reflects Picton’s strategic management of its share capital and may influence its market positioning and stakeholder interests.

The most recent analyst rating on (GB:PCTN) stock is a Hold with a £77.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Picton Property Income Initiates £12.5 Million Share Buyback Programme

Picton Property Income Limited has announced a new share buyback programme, authorizing the repurchase of up to £12.5 million worth of ordinary shares. This decision follows the disposal of an office asset and aims to address the undervaluation of the company’s shares, thereby creating value for shareholders. The programme will be executed by Stifel Nicolaus Europe Limited and is part of Picton’s strategy to reinvest in higher-yielding opportunities and upgrade existing assets.

The most recent analyst rating on (GB:PCTN) stock is a Hold with a £77.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Picton Property Income Updates Share Capital and Voting Rights

Picton Property Income Limited announced that as of 31 July 2025, its total issued share capital consists of 523,589,205 Ordinary Shares with voting rights. This update allows shareholders to calculate their interests in the company under the FCA’s Disclosure Guidance and Transparency Rules, potentially impacting shareholder notifications and company transparency.

The most recent analyst rating on (GB:PCTN) stock is a Buy with a £90.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Picton Property Income Secures Shareholder Approval for AGM Resolutions

Picton Property Income Limited announced that all resolutions proposed at its Annual General Meeting were passed with the required majority. The resolutions included the reappointment of KPMG as auditor, re-election of several directors, and the renewal of authority to make market acquisitions. This outcome reflects shareholder support for the company’s strategic direction and governance, potentially strengthening its market position and operational flexibility.

The most recent analyst rating on (GB:PCTN) stock is a Buy with a £0.90 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Picton Property Income Repurchases Shares to Enhance Value

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 78.3 pence per share. This transaction reduces the total number of shares in issue to 523,589,205, impacting shareholder voting rights and potentially enhancing shareholder value by reducing share dilution.

The most recent analyst rating on (GB:PCTN) stock is a Buy with a £90.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Picton Property Income Reports Positive Q2 2025 Trading Update

Picton Property Income Limited reported a positive trading update for the quarter ending 30 June 2025, with a 1.0% increase in Net Asset Value per share to 100.9 pence. The company achieved a total return of 1.9% and continued its share buyback program, purchasing 9.1 million shares at a discount. Operationally, Picton completed several asset management transactions, including lettings and lease renewals, and invested £2.6 million in capital improvements. The company declared an interim dividend of 0.95 pence per share, maintaining a dividend yield of 4.8%.

The most recent analyst rating on (GB:PCTN) stock is a Buy with a £90.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Picton Property Income Declares Interim Dividend for Q2 2025

Picton Property Income Limited has announced an interim dividend of 0.95 pence per share for the financial period from 1 April 2025 to 30 June 2025, maintaining its previous dividend level. This decision reflects Picton’s stable financial strategy and its focus on providing consistent returns to shareholders, highlighting its strong position in the UK commercial property market.

The most recent analyst rating on (GB:PCTN) stock is a Buy with a £90.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Picton Property Income Reduces Share Supply with Recent Buyback

Picton Property Income Limited announced the purchase and cancellation of 300,000 of its ordinary shares, traded on the London Stock Exchange, at an average price of 79.0 pence per share. This transaction reduces the total number of shares in issue to 523,789,205, impacting shareholder voting rights and potentially enhancing shareholder value by reducing share supply.

The most recent analyst rating on (GB:PCTN) stock is a Buy with a £90.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Picton Property Income Reduces Share Count with Recent Buyback

Picton Property Income Limited has repurchased and canceled 100,000 of its ordinary shares, trading on the London Stock Exchange at an average price of 79.1 pence per share. This transaction reduces the company’s total issued shares to 524,089,205, impacting shareholder voting rights and potentially enhancing shareholder value by reducing share dilution.

The most recent analyst rating on (GB:PCTN) stock is a Buy with a £90.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.

Picton Property Income Executes Share Buyback on LSE

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 79.2 pence per share. This transaction reduces the total number of shares in issue to 524,189,205, potentially impacting shareholder voting rights and interest notifications under regulatory guidelines.

The most recent analyst rating on (GB:PCTN) stock is a Buy with a £90.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.