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Picton Property Income Ltd

Picton Property Income Ltd

PCTN · LSE · Real Estate / REIT - Diversified

70.00GBX+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close70.00
Open70.00
Day Range70.00 – 70.00
52-Week Range67.27 – 89.04
Volume0
Market Cap357.50M
P/E (TTM)14.00
Forward P/E16.10
EPS0.05
Dividend Yield3.94%
Beta0.45
50-Day Avg72.20
200-Day Avg76.18

About

Picton Property Income Limited owns and actively manages a 702 million pounds UK commercial property portfolio. It has invested across 45 assets and with around 300 occupiers (as at 30 June 2026). Through an occupier focused, opportunity led approach, Picton aims to be the consistently best performing diversified UK REIT and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch. With a portfolio strategically positioned to capture income and capital growth, currently weighted towards the industrial sector, Picton's agile business model provides flexibility to adapt to evolving market trends over the long-term. Picton Property Income Limited was established and incorporated in 2005 in United Kingdom.

Company Details

  • SectorReal Estate
  • IndustryREIT - Diversified
  • CEOMr. Michael James Morris
  • Employees11
  • HeadquartersStanford Building, London, United Kingdom, WC2E 9EZ, UK
  • Websitehttps://www.picton.co.uk

Leadership

  • Mr. Michael James MorrisCEO & Executive Director · b. 1972
  • Ms. Saira Jane JohnstonCFO & Executive Director · b. 1976
  • Mr. James FormanDirector of Accounting
  • Mr. James VerstringheIR Professioanl-Tavistock Communications
  • Mr. Tim HamlinHead of Asset Management
  • Mr. Mark AlderHead of Occupier Services
  • Mr. Andy LynchHead of Building Surveying
  • Ms. Katharine ThompsonCompany Secretary
  • Mr. Tom HarrisonAsset Manager
  • Ms. Louisa McAleenanSenior Analyst of Research, Strategy & Sustainability

Financials

Income Statement

Currency: GBP2007-12-312008-12-312009-12-312010-12-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue-14.54M-126.75M-3.75M101.50M25.86M-1.06M49.96M81.96M79.27M58.83M77.81M50.83M40.59M49.91M169.09M-67.73M54.69M54.02M51.07M
Growth (%)--771.59%+97.04%+2807.50%-74.52%-104.09%+4821.74%+64.06%-3.28%-25.78%+32.26%-34.68%-20.14%+22.95%+238.80%-140.05%+180.75%-1.23%-5.46%
Cost of Revenue---50.12M-10.67M11.12M11.91M12.90M12.65M10.91M9.44M12.04M9.88M11.26M15.73M16.80M16.61M15.70M
Gross Profit-14.54M-126.75M-3.75M51.39M25.86M-11.73M38.84M70.05M66.37M46.18M66.91M41.39M28.56M40.02M157.83M-83.46M37.89M37.68M35.37M
Gross Margin100.00%100.00%100.00%50.63%100.00%1108.60%77.74%85.47%83.72%78.49%85.98%81.43%70.35%80.20%93.34%123.23%69.28%69.75%69.26%
Operating Expense-4.45M-17.41M5.80M9.17M8.35M-6.37M-7.78M-8.03M-7.56M-6.00M-6.67M1.74M6.17M6.22M3.54M-2.68M7.22M353.00K7.33M
Operating Income-10.09M-109.34M-9.55M42.21M17.51M-5.36M46.62M78.08M73.93M52.17M73.57M39.64M22.38M33.80M154.28M-80.78M30.67M37.32M28.04M
Operating Margin69.40%86.26%254.79%41.59%67.70%506.33%93.32%95.26%93.26%88.68%94.55%78.00%55.14%67.73%91.24%119.27%56.08%69.09%54.90%
EBITDA-10.09M-109.34M-9.55M42.21M17.51M-5.33M46.66M78.12M73.97M37.34M73.58M32.68M20.00M28.07M155.65M-80.33M30.82M30.72M34.60M
EBITDA Margin69.40%86.26%254.79%41.59%67.70%503.31%93.41%95.32%93.32%63.48%94.56%64.30%49.28%56.25%92.05%118.61%56.34%56.87%67.74%
Net Income-27.27M-140.41M-19.34M31.58M6.49M-14.61M37.35M68.86M64.85M42.75M64.17M30.95M22.51M33.80M146.99M-98.28M-4.79M37.32M25.85M
Net Income Margin187.50%110.78%515.79%31.11%25.09%1380.62%74.76%84.01%81.81%72.66%82.46%60.90%55.45%67.73%86.93%145.12%-8.76%69.09%50.63%
Interest Expense19.55M33.74M9.78M11.66M11.30M8.98M8.91M8.87M8.87M8.93M8.89M8.23M7.68M7.16M8.26M8.75M9.32M8.25M8.52M
Interest Expense % of Total Revenue-134.42%-26.62%-260.79%11.49%43.69%-848.58%17.84%10.83%11.18%15.17%11.43%16.19%18.91%14.34%4.89%-12.92%17.04%15.28%16.69%

Balance Sheet

Currency: GBP2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets542.96M747.48M690.37M464.58M411.98M466.69M449.60M418.27M464.27M621.01M686.81M668.35M721.31M715.60M695.67M712.47M895.81M792.56M773.92M764.64M751.65M
Total Liabilities222.16M329.15M320.86M254.27M230.92M259.80M253.49M248.85M250.18M251.04M269.68M226.43M233.96M216.19M186.39M184.27M238.68M244.93M249.44M231.26M229.67M
Total Equity320.80M418.33M369.52M210.31M181.06M206.89M196.11M169.42M214.10M369.97M417.13M441.93M487.36M499.42M509.28M528.20M657.13M547.62M524.48M533.38M521.98M
Cash32.70M37.87M51.15M20.08M50.57M34.84M31.11M22.91M32.35M70.09M22.76M33.88M31.51M25.17M23.57M23.36M38.55M20.05M19.77M35.32M43.26M
Total Debt200.00M304.72M309.01M2.03M15.73M234.59M-212.51M211.48M208.54M223.33M206.47M212.49M193.79M166.95M165.47M219.54M225.46M228.82M211.21M210.37M
Net Debt167.30M266.85M257.86M-18.06M-34.84M199.75M-189.61M179.13M138.45M200.57M172.59M180.98M168.62M143.39M142.11M180.99M205.41M209.05M-35.32M167.11M

Cash Flow

Currency: GBP2007-12-312008-12-312009-12-312010-12-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow27.32M22.54M25.81M19.40M14.49M13.98M15.64M24.02M26.84M25.64M25.28M13.54M18.57M20.01M23.03M20.21M24.92M21.62M
Investing Cash Flow30.28M61.23M48.10M15.23M-2.01M-10.84M-61.73M-68.12M48.69M-17.81M10.25M24.99M-1.30M-33.83M-26.76M-4.46M37.69M26.51M
Financing Cash Flow-44.31M-114.83M-43.43M-50.36M-20.69M6.30M83.83M-3.23M-64.41M-10.20M-41.87M-40.14M-17.48M29.01M-14.77M-16.02M-47.07M-40.19M
Capital Expenditure000083.00K17.00K10.00K1.00K27.00K27.00K27.00K4.00K268.00K3.00K13.00K4.00K12.00K8.79M
Free Cash Flow27.32M22.54M25.81M19.40M14.41M13.97M15.63M24.02M26.84M25.64M25.25M13.54M18.30M20.01M23.02M20.20M24.91M12.83M
Dividends Paid20.71M18.79M9.91M13.52M12.09M10.71M13.10M17.82M17.96M18.49M18.86M19.04M15.00M18.43M19.09M19.09M20.16M19.74M
FCF to OCF100.00%100.00%100.00%100.00%99.43%99.88%99.94%100.00%100.00%100.00%99.89%99.97%98.56%99.99%99.94%99.98%99.95%59.32%
Dividend Paid to FCF75.81%83.38%38.40%69.68%83.90%76.69%83.82%74.20%66.90%72.12%74.68%140.64%81.97%92.08%82.94%94.49%80.92%153.89%

Earnings

Report DateJun 28, 2016Nov 15, 2016Jun 7, 2017Nov 14, 2017Jun 5, 2018Nov 13, 2018May 22, 2019Nov 12, 2019Jun 29, 2020Nov 12, 2020May 27, 2021Nov 10, 2021May 26, 2022Nov 9, 2022May 30, 2023Nov 12, 2024May 23, 2025Nov 12, 2025Nov 11, 2026
EPS Estimate0.001.900.000.000.000.020.002.200.000.00----0.000.000.00--
EPS Actual0.060.030.050.060.060.020.020.030.010.010.060.100.17-0.020.000.020.050.02-
Surprise--98.42%---0.00%--98.64%-----------
Timing-----------Pre-market-Pre-marketAfter-hours--After-hoursPre-market

Key Statistics & Ratios

Market Cap357.50M
Enterprise Value551.10M
Trailing P/E14.00
Forward P/E16.10
Price / Sales7.00
Price / Book0.68
EPS0.05
Book Value0.921
Revenue (TTM)51.07M
Gross Profit (TTM)35.81M
EBITDA28.24M
Profit Margin50.63%
Operating Margin69.98%
Return on Equity4.90%
Return on Assets2.32%
Shares Outstanding510.71M
Shares Float537.72M
Beta0.45
Dividend Yield3.94%
Dividend Rate0.03
Payout Ratio1.77%

Dividends

20263×
0.01Aug 6, 20260.01May 7, 20260.01Feb 5, 2026
20254×
0.01Nov 6, 20250.01Aug 7, 20250.01May 15, 20250.01Feb 6, 2025
20244×
0.01Nov 7, 20240.01Aug 8, 20240.01May 9, 20240.01Feb 8, 2024
20234×
0.01Nov 9, 20230.01Aug 3, 20230.01May 4, 20230.01Feb 9, 2023
20224×
0.01Nov 3, 20220.01Aug 4, 20220.01May 12, 20220.01Feb 3, 2022
20214×
0.01Nov 4, 20210.01Aug 5, 20210.01May 13, 20210.01Feb 4, 2021
20201×
0.01Nov 5, 2020