An announcement from Picton Property Income ( (GB:PCTN) ) is now available.
Picton Property Income Limited announced the purchase and cancellation of 200,000 of its Ordinary Shares on the London Stock Exchange, reducing its total shares in issue to 537,232,482. This transaction is part of Picton’s strategic management of its share capital, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules and demonstrating the company’s active approach to managing its financial structure.
More about Picton Property Income
Picton Property Income Limited, established in 2005, is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange. The company manages a £737 million commercial property portfolio across 48 assets with around 350 occupiers. Picton focuses on delivering upper quartile performance and higher income returns, primarily investing in the industrial sector, and aims to achieve net zero carbon by 2040.
YTD Price Performance: 16.08%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $488.9M
See more data about PCTN stock on TipRanks’ Stock Analysis page.