Picton Property Income ( (GB:PCTN) ) has shared an announcement.
Picton Property Income Limited has repurchased and cancelled 329,366 of its ordinary shares on the London Stock Exchange, reducing its total shares in issue to 541,525,093. This transaction is part of Picton’s strategic approach to manage its capital structure, potentially enhancing shareholder value and maintaining its position as a leading diversified UK REIT.
More about Picton Property Income
Established in 2005, Picton Property Income Limited is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange. It manages a £737 million commercial property portfolio across 48 assets with around 350 occupiers. The company focuses on delivering high income returns and capital growth, particularly in the industrial sector, and aims to achieve net zero carbon by 2040.
YTD Price Performance: 4.68%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $445.4M
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