Edison Investment Research Limited
London, UK, 13 October 2023
Picton Property Income (PCTN) - Value-enhancing asset management Ahead of interim results covering the six months to 30 September 2023, to be published in November, Picton Property Income has published a portfolio and asset management update. The company expects the continued progress with a range of initiatives, across all sectors, including leasing, asset enhancement and non-core disposal, to be accretive to NAV and income. Ahead of the results, our forecasts are unchanged. The support that asset management provides for property valuations, as well as income, provides a counterweight to continuing, moderate (low-single-digit percent) market weakness. Fundamental support for industrial assets is generating modest gains, offset by offices and, to a lesser extent, retail and leisure. Click here to view the full report.
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1747843 13-Oct-2023