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Picton Property Income
(LSE:PCTN)
Picton Property Income (PCTN) vs. iShares MSCI United Kingdom ETF (EWC)
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 | 52.65M | 54.02M | 54.69M | -67.73M | 169.09M | 49.91M |
| Gross Profit | 37.13M | 37.68M | 37.89M | -83.46M | 157.83M | 40.02M |
| EBITDA | 30.70M | 30.72M | 30.82M | 0.00 | 0.00 | 28.07M |
| Net Income | 40.95M | 37.32M | -4.79M | -98.28M | 146.99M | 33.80M |
Balance Sheet | ||||||
| Total Assets | 756.90M | 764.64M | 773.92M | 792.56M | 895.81M | 712.47M |
| Cash, Cash Equivalents and Short-Term Investments | 53.59M | 35.32M | 19.77M | 20.05M | 38.55M | 23.36M |
| Total Debt | 211.06M | 211.21M | 228.82M | 225.46M | 219.54M | 165.47M |
| Total Liabilities | 229.33M | 231.26M | 249.44M | 244.93M | 238.68M | 184.27M |
| Stockholders Equity | 527.57M | 533.38M | 524.48M | 547.62M | 657.13M | 528.20M |
Cash Flow | ||||||
| Free Cash Flow | 22.22M | 24.91M | 20.20M | 23.02M | 20.01M | 18.30M |
| Operating Cash Flow | 22.23M | 24.92M | 20.21M | 23.03M | 20.01M | 18.57M |
| Investing Cash Flow | 44.27M | 37.69M | -4.46M | -26.76M | -33.83M | -1.30M |
| Financing Cash Flow | -41.14M | -47.07M | -16.02M | -14.59M | 29.01M | -17.48M |
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 |
|---|---|---|---|---|---|---|---|
73 Outperform | £62.47M | 8.20 | 10.96% | 8.23% | 8.48% | 207.85% | |
72 Outperform | £418.98M | 3.34 | 11.71% | 7.17% | 1.60% | 211.81% | |
71 Outperform | £168.83M | 9.16 | 7.37% | 7.43% | -10.95% | -30.09% | |
66 Neutral | £40.25M | 54.66 | 4.33% | 7.14% | -41.22% | ― | |
66 Neutral | £254.34M | 5.97 | 9.81% | 6.64% | ― | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | £419.29M | 6.81 | 7.51% | 5.15% | -3.98% | 412.08% |
Picton Property Income Corporate Events
Picton Property Income, a diversified UK REIT listed in multiple EPRA indices, manages a £699 million commercial property portfolio spanning 46 assets and roughly 300 occupiers, with a strategic weighting toward industrial real estate. The group positions itself as an outperforming, income-focused landlord, aiming for long-term growth while committing to a net zero carbon target by 2040.
The company has acknowledged media speculation and confirmed that LondonMetric Property has expressed interest in its ongoing strategic review and formal sale process. Although the UK Takeover Panel has granted certain dispensations that give LondonMetric greater flexibility in the timetable, Picton stressed that no offer has been made and there is no certainty any bid will materialise, leaving shareholders and potential bidders awaiting further updates on a possible transaction and its implications for valuation and control.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £87.00 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 Limited will host an online investor presentation via the Investor Meet Company platform on 12 February 2026, following the release of its latest trading statement and net asset value update, with the session open to both existing and prospective shareholders who can submit questions in advance or during the event. The company also confirmed that, as it remains in an offer period under the UK Takeover Code following its strategic review and formal sale process announcement in January, its recently disclosed unaudited net asset value and £699.1 million portfolio valuation constitute asset valuations under Rule 29, and it has agreed to publish a formal valuation report if a firm offer is announced, underscoring heightened corporate activity and regulatory scrutiny around its potential sale.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £88.00 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 Limited has confirmed that as of 30 January 2026 its issued share capital stands at 513,827,021 ordinary shares, all of which carry voting rights, with no shares held in treasury. The disclosure, made in line with FCA transparency rules, sets the official share count that investors must use when calculating whether changes in their holdings trigger notification requirements, providing clarity to shareholders and regulators on the company’s capital and governance base.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £88.00 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 reported its sixth consecutive quarterly increase in net asset value per share, with NAV/EPRA NTA up 0.9% to 102.4p and a total return of 1.8% for the three months to 31 December 2025, underpinned by a 0.6% like-for-like portfolio valuation uplift and disciplined capital management. The group continued to invest in and reposition its portfolio, deploying £2.5 million into upgrades and asset acquisitions, securing new lettings and lease renewals at premia to estimated rental values, and crystallising upside at key industrial assets, albeit at the cost of lower occupancy, which fell to 83%. Picton maintained a conservative balance sheet with a 22.9% loan-to-value ratio, fully fixed long-term debt at 3.7%, and an undrawn £50 million revolving credit facility, while its share buyback programme remained value accretive, repurchasing £6.0 million of stock at a 25% discount to NAV before being paused following the launch of a strategic review. The company declared a quarterly dividend of 0.95p per share, providing a covered, annualised yield of 4.6% on the current share price, and enters 2026 with a £1.6 million leasing pipeline agreed subject to contract as the board evaluates strategic options, including potential corporate activity, to maximise shareholder value in the context of a share price still trading at a material discount to NAV.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £88.00 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 has declared an interim dividend of 0.95 pence per share for the period from 1 October to 31 December 2025, maintaining its previous payout level and designating the distribution as a property income distribution. The decision to hold the dividend steady underscores the company’s focus on providing consistent income to shareholders from its diversified UK commercial property portfolio, signaling stability in cash generation and reinforcing its positioning as a reliable income-focused REIT for investors.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £88.00 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 has launched a strategic review and formal sale process to explore options to maximise shareholder value, amid a persistent discount of its share price to its net asset values and a challenging equity-raising environment for UK listed property companies. The board will examine potential mergers with other UK REITs, broader sector consolidation or combinations, the sale of the entire issued share capital, or disposals of its property portfolio or subsidiaries with a return of capital, reflecting concerns that Picton’s current scale may no longer be optimal as a standalone listed entity despite strong long-term performance and a solid balance sheet; Stifel has been appointed to run a targeted process with interested parties under the UK Takeover Code, with any proposals to be handled on a confidential basis and updates to follow as the review progresses.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 has launched a strategic review and formal sale process to explore options to maximise shareholder value, amid a persistent discount of its share price to its net asset values and a challenging equity-raising environment for UK listed property companies. The board will examine potential mergers with other UK REITs, broader sector consolidation or combinations, the sale of the entire issued share capital, or disposals of its property portfolio or subsidiaries with a return of capital, reflecting concerns that Picton’s current scale may no longer be optimal as a standalone listed entity despite strong long-term performance and a solid balance sheet; Stifel has been appointed to run a targeted process with interested parties under the UK Takeover Code, with any proposals to be handled on a confidential basis and updates to follow as the review progresses.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has executed a share buyback, purchasing 150,000 of its ordinary shares on the London Stock Exchange for cancellation at an average price of 77.6 pence per share, within a range of 77.2 to 78.0 pence. Following this transaction, the company’s total shares in issue stand at 513,827,021, which now represents the total voting rights and provides the reference figure for shareholders’ disclosure obligations under UK transparency rules, modestly consolidating existing investors’ stakes and signalling ongoing capital management activity.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has bought back and cancelled 150,000 of its ordinary shares on the London Stock Exchange at an average price of 77.6 pence per share. Following this transaction, the company now has 513,977,021 ordinary shares in issue, which constitutes the total voting rights and will be used by investors to assess any disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has repurchased and cancelled 122,979 of its ordinary shares on the London Stock Exchange at an average price of 76.9 pence per share, as part of its ongoing share buyback activity. Following this transaction, the company now has 514,127,021 ordinary shares in issue, which represents the total voting rights for shareholders and may influence investor calculations regarding disclosure thresholds under UK transparency rules.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has repurchased and cancelled 250,000 of its ordinary shares on the London Stock Exchange, at an average price of 76.8 pence per share, as part of its ongoing capital management. Following this transaction, the company’s share count stands at 514,250,000 ordinary shares in issue, which now represents the total voting rights for shareholders when assessing disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has undertaken a share buyback, purchasing 250,000 of its ordinary shares on the London Stock Exchange for cancellation at an average price of 75.1 pence per share. Following this transaction, the company now has 514.5 million ordinary shares in issue, which represents the total voting rights and will be used by shareholders to assess disclosure obligations under UK transparency rules, signalling ongoing capital management activity that can affect earnings per share and ownership percentages for existing investors.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 has executed a share buyback, purchasing and cancelling 250,000 ordinary shares on the London Stock Exchange at an average price of 74.1 pence per share. Following the transaction, the company now has 514,750,000 ordinary shares in issue, which constitutes the total voting rights and provides the reference figure for shareholders assessing disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has confirmed that, as of 31 December 2025, its issued share capital comprises 515 million ordinary shares, all of which carry voting rights, with no shares held in treasury. The disclosure, made in line with the FCA’s transparency rules, sets the official denominator for investors assessing whether changes in their holdings trigger regulatory notification requirements, providing clarity for shareholders and reinforcing the company’s compliance with UK market disclosure standards.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has repurchased and canceled 333,154 of its Ordinary Shares at an average price of 73.6 pence per share on 17 December 2025. Following this transaction, the company’s total Ordinary Shares in issue stand at 515,000,000, which impacts the total voting rights available to shareholders and aligns with the company’s strategic financial management practices aimed at optimizing value for stakeholders.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has repurchased and canceled 290,000 of its Ordinary Shares, trading on the London Stock Exchange, at an average price of 72.9 pence per share. This transaction reduces the total number of shares in issue to 515,333,154, impacting shareholder voting rights and potentially enhancing shareholder value by reducing share dilution.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has repurchased and canceled 200,000 of its ordinary shares, as part of its ongoing strategy to manage its share capital. This transaction, conducted on the London Stock Exchange, leaves the company with 515,623,154 ordinary shares in issue, impacting shareholder voting rights and potentially influencing market perceptions of the company’s financial health and strategic direction.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has announced a change in its registered office address to Ground Floor, Plaza House, Admiral Park, St Peter Port, Guernsey, effective December 15, 2025. This change is part of the company’s ongoing operational adjustments, although its contact details and other correspondence addresses remain the same. The move is not expected to impact its strategic positioning or stakeholder relations significantly.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has repurchased 200,000 of its ordinary shares for cancellation, as part of its ongoing management strategy. This transaction reduces the total number of shares in circulation to 515,823,154, impacting shareholder voting rights and potentially enhancing shareholder value.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has repurchased 200,000 of its ordinary shares for cancellation, reducing its total shares in issue to 516,023,154. This strategic move is part of Picton’s ongoing efforts to optimize its capital structure and enhance shareholder value, reflecting its agile approach to adapting to market trends.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has repurchased and cancelled 200,000 of its Ordinary Shares at an average price of 73.0 pence per share, reducing its total shares in issue to 516,223,154. This transaction is part of Picton’s strategy to manage its share capital effectively, potentially enhancing shareholder value and maintaining its position as a leading diversified UK REIT.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited announced the purchase and cancellation of 200,000 of its own ordinary shares, traded on the London Stock Exchange at an average price of 73.6 pence per share. This transaction reduces the total number of shares in issue to 516,423,154, impacting the company’s voting rights and potentially affecting shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 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 Limited has repurchased and canceled 200,000 of its ordinary shares, trading on the London Stock Exchange, at an average price of 75.2 pence per share. This transaction reduces the total number of shares in issue to 516,623,154, affecting the company’s voting rights and potentially impacting shareholder interests under the Financial Conduct Authority’s regulations.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £80.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.