Picton’s stated ambition is to be consistently one of the best performing diversified property companies on the main market and the H118 performance supports that goal with continued property outperformance versus its benchmark as it has done over one, three, five and 10 years. This property performance translated into a 7.1% NAV total return during the period including dividends that prospectively represent an attractive and well covered 4% dividend yield. Despite Brexit uncertainties, management expects a positive supply and demand balance in regional industrial and office markets to drive further market rental growth. Ongoing active asset management initiatives provide additional opportunities.

Continue reading

This version is programmatically created by Responsive Labs and qualified in its entirety to the original PDF.

Powered by Responsive Labs