1. United Kingdom Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
Picton Property Income Limited

Picton Property Income Limited

LLSE:PCTN
70.00
GBX
-3.00
(-4.11%)
39.27BMarket Cap
Nov 11Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.14
0.18
0.15
0.11
0.15
0.09
0.07
0.09
0.31
-0.12
0.04
0.11
0.09
- -
Basic EPS, GAAP
0.1
0.15
0.12
0.08
0.12
0.06
0.04
0.06
0.27
-0.16
-0.01
0.07
0.05
- -
Free Cash Flow per Basic Share
0.04
0.04
0.04
0.05
0.05
0.05
0.02
0.03
0.04
0.04
0.04
0.05
0.04
- -
Dividend per Share
0.03
0.03
0.03
0.03
0.03
0.04
0.03
0.03
0.03
0.04
0.03
0.04
0.04
- -
Book Value per Share
0.56
0.69
0.77
0.82
0.9
0.92
0.93
0.96
1.2
1
0.96
1
1.02
1.02
Tangible Book Value per Share
0.56
0.69
0.77
0.82
0.9
0.92
0.93
0.96
1.2
1
0.96
1
1.02
1.02
Basic Weighted Avg Shares
360
445
540
540
540
539
544
546
546
545
545
544
519
518
Sales/Revenue/Turnover
50
82
79
59
81
51
41
50
168
-68
19
61
49
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
37
69
65
43
64
31
23
34
147
-90
-5
37
26
- -
Effective Tax Rate (%)
0.95
0.5
0.33
1.15
0.79
1.46
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
74.76
84.01
81.81
72.66
78.77
60.9
55.45
67.73
87.43
132.19
-24.63
61.12
52.58
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
211
209
223
203
212
194
167
165
220
225
229
211
210
210
Total Equity
214
370
417
442
487
499
509
528
657
548
524
533
522
522
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
9.25
13.71
10.64
6.65
9.55
4.44
- -
4.93
18.72
- -
- -
4.98
3.5
- -
Return on Common Equity (%)
19.48
23.58
16.48
9.95
13.81
6.27
4.46
6.52
24.8
-14.86
-0.89
7.06
4.9
- -

Capital Structure

GBP

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
533
520
511
Market Capitalization
382
408
393

Working Capital

GBP

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
35
54
43
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

GBP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.75%
0.62%
-2.14%
Free Cash Flow
1.68%
4.45%
-13.22%
Net Income, GAAP
-84.36%
-166.16%
-30.73%
Sales/Revenue/Turnover
14.04%
32.5%
-19.47%
Total Cash Common Dividend
1.54%
5.99%
-2.09%

Semi-annual Revenue

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
19
2025
- -
- -
61
2026
- -
- -
49

Semi-annual Earnings Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.01
2025
- -
- -
0.07
2026
- -
- -
0.05

Semi-annual Dividends Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.03
2025
- -
- -
0.04
2026
- -
- -
0.04

Company Description

Company Profile APIChatGPT
CEO
Michael James Morris
Full Time Employees
11
Sector
Finance
Industry
Real estate investment trusts
Address
Stanford Building London GL United Kingdom WC2E 9EZ
IPO Date
Nov 7, 2005
Website
picton.co.uk
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Business
Picton Property Income Limited (PCTN.L) is a United Kingdom real estate investment trust (REIT) that owns and actively manages a diversified commercial property portfolio valued at approximately GBP 726 million as at 30 June 2025, comprising 47 assets across industrial, office, retail and leisure sectors with around 350 occupiers; the portfolio features 19 industrial properties including distribution warehouses and industrial estates as its largest segment by value, alongside multi-let offices, high street retail units and leisure facilities located throughout the UK. Established in 2005 and listed on the main market of the London Stock Exchange with headquarters in Guernsey, the company employs an occupier-focused, opportunity-led asset management approach to enhance income and value through flexible leasing solutions such as Picton SwiftSpace, proactive refurbishments aligned with sustainability priorities including a net zero carbon commitment by 2040, and strategic buying, managing and selling of assets to adapt to market conditions and outperform benchmarks like the MSCI UK Quarterly Property Index. Recent developments include the initiation and expansion of a share buyback programme in January 2025 from GBP 10 million to GBP 30 million with approximately GBP 21 million executed by late 2025 to enhance shareholder value, delivery of a 1.9% NAV total return and 13.5% Q1 shareholder return alongside resilient EPRA earnings in fiscal 2026, further rollout of SwiftSpace flexible leasing at multi-let offices, establishment of a Climate Action Working Group to advance net zero goals, and ongoing portfolio repositioning with disposals reducing short-term debt and gearing to a conservative 22% loan-to-value ratio while maintaining upper quartile performance since inception.

Company News

Company News APIChatGPT