bullish
Picton Property Income - Strong FY22 builds on long-term record
SUMMARY
Picton Property Income’s FY22 earnings were the strongest since launch in 2005. Strong revaluation gains mirrored market trends but further reflected leasing progress and occupancy growth. Recurring EPRA earnings made good progress, together with strong rent collection, supporting a restoration of annualised DPS to pre-pandemic levels. NAV per share of 120p was significantly ahead of our expectations and we will review our existing forecasts, shown below, in the coming days.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Edison Investment Research
Leading International Investment Research
Price Chart(Sign Up to Access)
- Picton Property Income - Strong FY22 builds on long-term record27 May 2022
x