Office ExposureThe company's disposal programme is on track, with the sales of Charlotte Terrace, W14 and Longcross, Cardiff both expected before the March year-end, reducing Office exposure and increasing portfolio occupancy.
Share DiscountPicton's shares are trading at a 30% discount to NTA, better than large cap diversified peers, with potential for re-rating upwards.
Vacancy ReductionOperationally, the company has performed well, with the disposal of the partially vacant Office asset set to reduce vacancy to just 6%.