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Picton Property Income ( (GB:PCTN) ) has provided an announcement.
Picton Property Income Limited has repurchased and cancelled 270,000 of its ordinary shares as part of its ongoing share management strategy. This transaction, conducted through the London Stock Exchange, reduces the total number of shares to 543,761,960, impacting shareholders’ voting rights and potentially indicating the company’s confidence in its financial health and market position.
More about Picton Property Income
Picton Property Income Limited, founded 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, consisting of 48 assets with about 350 occupiers, focusing primarily on the industrial sector. Picton is known for its opportunity-led and occupier-focused approach, aiming to outperform industry benchmarks while maintaining a commitment to net zero carbon by 2040.
YTD Price Performance: 4.68%
Average Trading Volume: 450
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $447M
Find detailed analytics on PCTN stock on TipRanks’ Stock Analysis page.
