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Picton Property Income Ltd

Current Price 64.40p Bid 63.90p Ask 64.80p Change 2.88%
Last Updated: 28/03/2024 15:22. Prices delayed by at least 15 minutes.
Call 0113 243 6941 or search for your local office

Company Overview

Picton Property Income Limited is a real estate investment trust (REIT) investing in United Kingdom commercial property. Its diversified property portfolio consists of approximately 49 assets invested in the industrial, office, retail and leisure sectors. Its industrial properties portfolio includes Parkbury Industrial Estate, River Way Industrial Estate, Lyon Business Park, Sundon Business Park, The Business Centre, Nonsuch Industrial Estate, Madleaze Trading Estate, Mill Place Trading Estate, Easter Court, and Abbey Business Park. Its office portfolio includes Angel Gate, Stanford Building, 50 Farringdon Road, Colchester Business Park, 180 West George Street, Charlotte Terrace, Longcross Court, Atlas House, and Waterside House.

Financial Highlights Year Ended 31/03/2023

Revenue
£51.82m
Operating Profit/Loss
£-80.52m
Dividend yield (%)
5.10
Total dividend for year
n/ap
Dividend cover
-4.71
P/E Ratio
n/a

Key Personnel

Ms Saira Johnston
Chief Financial Officer
Mr Michael Morris
Non-Executive Director
Mr Richard Jones
Non-Executive Director
Ms Lena Wilson
Non-Executive Director
Ms Maria Bentley
Non-Executive Director
Mr Mark Batten
Senior Independent Director

Stock Details

EPIC
PCTNL
ISIN
GB00B0LCW208
Shares in Issue
540.05m
Market cap
£347.79m

Analyst Views (2)

Strong Buy
 
0%
Buy
 
50.00%
Hold
 
50.00%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
64.40p
Bid Price
63.90p
Ask Price
64.80p
Volume
13,253
Change Today
1.80p
% Change Today
2.88%
Open
63.00p
Previous Close
62.60p
Intraday High
64.40p
Intraday Low
63.00p
52 Week High
80.00p
52 Week Low
61.40p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

Income Statement

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
51.82
46.54
Operating Profit/Loss
-80.52
159.53
Net Interest
-9.01
-12.55
Pre-Tax Profit
-89.53
146.99
Profit After Tax from continuing operations
-89.53
146.99
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
-89.53
146.99
Attributable to:
Equity Holders of Parent Company
-89.53
146.99
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Mar 2023
31 Mar 2022
Basic
-16.50p
27.00p
Diluted
-16.50p
26.90p
Adjusted
-16.50p
27.00p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
3.42
4.38
Intangible Assets
n/a
n/a
Investment Properties
746.34
830.03
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
n/a
n/a
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
22.75
22.85
Cash at Bank & In Hand
20.05
38.55
Current Asset Investments
n/a
n/a
Other Current Assets
n/a
n/a
Other Assets
n/a
n/a
Total Assets
792.56
895.81

Liabilities

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
1.24
1.18
Other Current Liabilities
19.47
19.14
Total Current Liabilities
20.71
20.32
Non-Current Liabilities
Borrowings
224.22
218.36
Provisions
n/a
n/a
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
224.22
218.36
Other Liabilities
n/a
n/a
Total Liabilities
244.93
238.68

Net Assets

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Net Assets
547.62
657.13

Capital & Reserves

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Share Capital
164.40
164.40
Share Premium Account
n/a
n/a
Other Reserves
-1.18
-0.30
Retained Earnings
384.41
493.03
Shareholders Funds
547.62
657.13
Minority Interests/Other Equity
n/a
n/a
Total Equity
547.62
657.13

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Q3
08 Feb 2024
29 Feb 2024
0.875p
Q2
09 Nov 2023
30 Nov 2023
0.875p
Q1
03 Aug 2023
31 Aug 2023
0.875p
Q4
04 May 2023
31 May 2023
0.875p
Q3
09 Feb 2023
28 Feb 2023
0.875p
Q2
03 Nov 2022
30 Nov 2022
0.875p
Q1
04 Aug 2022
31 Aug 2022
0.875p
Q4
12 May 2022
31 May 2022
0.875p
Q3
03 Feb 2022
28 Feb 2022
0.875p
Q2
04 Nov 2021
30 Nov 2021
0.85p
Q1
05 Aug 2021
31 Aug 2021
0.85p
Q4
13 May 2021
28 May 2021
0.80p
Q3
04 Feb 2021
26 Feb 2021
0.80p
Q2
05 Nov 2020
30 Nov 2020
0.70p
Q1
06 Aug 2020
28 Aug 2020
0.625p
Q4
07 May 2020
29 May 2020
0.625p
Q3
13 Feb 2020
28 Feb 2020
0.875p
Q2
31 Oct 2019
29 Nov 2019
0.875p
Q1
08 Aug 2019
30 Aug 2019
0.875p
Q4
09 May 2019
31 May 2019
0.875p
Q3
31 Jan 2019
28 Feb 2019
0.875p
Q2
15 Nov 2018
30 Nov 2018
0.875p
Q1
09 Aug 2018
31 Aug 2018
0.875p

Dividend Metrics

Year End Date
31 Mar 2023
31 Mar 2022
Dividend growth
2.94%
16.24%
Dividend yield
5.10%
3.40%
Dividend cover
-4.71
7.94


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