Edison Investment Research Limited 
Picton Property Income (PCTN): Positive outcome in a challenging year 
24-Jun-2021 / 07:00 GMT/BST 
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London, UK, 24 June 2021 
 
Picton Property Income (PCTN): Positive outcome in a challenging year 
FY21 results underlined the resilience of Picton Property Income's business model and strategy. Its property portfolio 
showed further strong outperformance, driven by sector positioning and asset management, and with moderate gearing 
providing a benefit, EPRA NAV total return was a positive 6.6%. Strong reversionary potential and financial flexibility 
for accretive acquisitions are positive indicators for future progress. 
 
Based on the current annualised rate of quarterly DPS (3.2p) the yield is 3.7%. This compares favourably with risk-free 
alternatives and we expect further DPS growth in FY22 and FY23. The discount to end-FY21 EPRA NTA is 8%, above the 
five-year average of 3%. 
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1211337 24-Jun-2021


 
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(END) Dow Jones Newswires

June 24, 2021 02:01 ET (06:01 GMT)