Business
Strategic Review Update
Picton Property Income Limited has provided an update on its strategic review and formal sale process, noting that it has received various proposals from interested parties and is progressing with a shortlisted number to determine a preferred option. Consequently, the company has decided to delay the release of its annual results, originally scheduled for May 21, 2026, to a later date. The company's portfolio was valued at £699 million as of December 31, 2025. Disclaimer*
About this update from Picton Property Income Limited
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \nTHIS IS AN ANNOUNCEMENT UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"TAKEOVER CODE\") AND IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION BY ANY PARTY TO MAKE AN OFFER UNDER RULE 2.7 OF THE TAKEOVER CODE. THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE FOR PICTON PROPERTY INCOME LIMITED, NOR AS TO THE TERMS ON WHICH ANY OFFER MAY BE MADE.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n19 March 2026\n \nPICTON PROPERTY INCOME LIMITED\n('Picton' or the 'Company')\n \nStrategic Review Update and Publication of Annual Results\n \n \nOn 13 January 2026, Picton announced a Strategic Review and Formal Sale Process in order to explore options to maximise value for shareholders.\n \nThe Board has since engaged with investors and stakeholders to gather their views and feedback.\n \nThe Board is pleased to have received proposals regarding the Strategic Review and Formal Sale Process from a wide range of interested parties and with a variety of structures. The Company is progressing with a shortlisted number of these proposals in order to determine a preferred option.\n \nIn light of the above, the Board has decided to delay the release of the Annual Results from 21 May 2026 to a later date.\n \nThe Company will provide further updates as appropriate.\n \n \nPicton\nKathy Thompson, Company Secretary\n020 7011 9988, [email protected]\n \nTavistock\nJames Verstringhe\n020 7920 3150, [email protected]\n \n \nAbout Picton\nEstablished in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.\n \nPicton owns and actively manages a £699 million UK commercial property portfolio, invested across 46 assets and with around 300 occupiers (as at 31 December 2025).\n \nThrough 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 UK Quarterly...