Business
Results analysis from Kepler Trust Intelligence
Picton Property Income Limited reported a NAV total return of 6.1% for the year ending March 31, 2026, with profits of 5.0 pence per share, down from 6.9p in the prior year. The company's property total return was 5.9%, outperforming the MSCI UK Quarterly Property Index for the thirteenth consecutive year. Net assets stood at £522 million, with NAV per share increasing 2% to 102p, and dividends rose 2.7% to 3.8p. A strategic review initiated in early 2026 is exploring options to maximize shareholder value, and a proposed offer from LondonMetric and Schroder Real Estate is currently in process, leading to the suspension of the buyback program. Disclaimer*
About this update from Picton Property Income Limited
Picton Property Income (PCTN) 30/06/2026 Results analysis from Kepler Trust Intelligence For the purposes of the Takeover Code, Kepler Partners is deemed to be connected with Picton Property Income REIT and Schroder Real Estate Investment Trust as a provider of paid-for research. Disclosure - Non-Independent Marketing Communication This is a non-independent marketing communication commissioned by Picton Property Income Trust. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research. Picton Property Income (PCTN) has released its results for the year ending 31/03/2026, recording a NAV total return of 6.1% and profits of 5.0 pence per share (2025: 6.9p). PCTN's property total return was 5.9% (2025: 7.3%) for the year, compared to 5.4% (2025: 6.3%) for the MSCI UK Quarterly Property Index. This marks the 13th consecutive year PCTN has outperformed the property index. Net assets were £522m (2025: £533m) at the year end. The NAV per share increased 2% to 102p (2025: 100p) and dividends for the year totalled 3.8p (2025: 3.7p), a 2.7% increase. At the beginning of 2026, PCTN's board initiated a strategic review to explore options to maximise shareholder value. On 12/05/2026, a proposed offer from LondonMetric (LMP) and Schroder Real Estate (SREI) was published. At the time of writing this remains in process but has not become a formal offer. As a result, the buyback programme has been suspended. CLICK HERE TO READ THE FULL REPORT Visit Kepler Trust Intelligence for more high quality independent investment trust research. Important information This report has been issued by Kepler Partners LLP. The analyst who has prepared this report is aware that Kepler Partners LLP has a relationship with the company covered in this report and/or a conflict of interest which may impair the objectivity of the research. Past performance is not a reliable indicator of future results. The value of investments can fall as well as rise and you may get back less than you invested when you decide to sell your investments. It is strongly recommended that if you are a private investor independent financial advice should be taken before making any investment or financial decision. Kepler Partners is no...
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