Picton Property Income (PCTN) - Value-enhancing asset management
Edison Investment Research Limited
Picton Property Income (PCTN) - Value-enhancing asset management
13-Oct-2023 / 07:15 GMT/BST
The issuer is solely responsible for the content of this announcement.
London, UK, 13 October 2023
Picton Property Income (PCTN) - Value-enhancing asset management
Ahead of interim results covering the six months to 30 September 2023, to be published in November, Picton Property Income has published a portfolio and asset management update. The company expects the continued progress with a range of initiatives, across all sectors, including leasing, asset enhancement and non-core disposal, to be accretive to NAV and Income. Ahead of the results, our forecasts are unchanged.
The support that asset management provides for property valuations, as well as income, provides a counterweight to continuing, moderate (low-single-digit percent) market weakness. Fundamental support for industrial assets is generating modest gains, offset by offices and, to a lesser extent, retail and leisure.
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1747843 13-Oct-2023