Leading International Investment Research

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

Picton Property Income / Equity Bottom-Up

<p>A recent update by Picton Property Income provided details of key leasing events across all sectors. This was followed by a debt refinancing that enhances the maturity profile, provides additional long-term, fixed-rate funding and reduces the average cost of debt. These are both positive indicators for financial performance but, with results for the year to March 2022 due for release next month, we will review our estimates at that time.</p>

A recent update by Picton Property Income provided details of key leasing events across all sectors. This was followed by a debt refinancing that enhances the maturity profile, provides additional long-term, fixed-rate funding and reduces the average cost of debt. These are both positive indicators for financial performance but, with results for the year to March 2022 due for release next month, we will review our estimates at that time.

Picton Property Income - Positive leasing events and refinancing