Picton Property Income (GB:PCTN) has released an update.
Picton Property Income Limited reports resilient annual results for the year ending 31 March 2024, with a strategic focus on industrial assets and repositioning non-core office assets that led to an 11th consecutive year of outperformance compared to the MSCI UK Quarterly Property Index. Despite a challenging economic environment, the company increased EPRA earnings and announced a near 6% dividend increase, indicating confidence in the income growth potential of its portfolio. Additionally, the company continues to progress towards its net zero carbon targets, showcasing a responsible and adaptable business model.
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