Governance
Financial Statements
Additional Information
Strategic Report
Five year financial summary
2024
2023
2022
2021
2020
Income statements Net property income Administrative expenses
37.9
36.3
35.4
33.5
33.6
(7.2)
(6.0)
(5.7)
(5.4)
(5.6)
30.7
30.3
29.7
28.1
28.0
(8.9)
Net finance costs
(9.0)
(8.5)
(8.0)
(8.2)
Income profit before tax
21.8
21.3
21.2
20.1
19.8
–
Tax
–
–
–
0.1
Income profit
21.8 (26.8)
21.3
21.2 129.8
20.1 13.7
19.9
Property gains and losses
(110.4)
2.6
0.2
Revaluation of owner-occupied property
(0.8)
0.4 (4.0)
– –
– –
–
Debt prepayment fee
–
Profit/loss after tax Dividends paid
(4.8)
(89.9) 19.1
147.4 18.4
33.8 15.0
22.5 19.0
19.1
2024
2023
2022
2021
2020
Balance Sheets Investment properties
724.0 (226.1)
746.3 830.0 665.4 654.5
Borrowings
(222.8)
(216.8)
(166.2)
(167.5)
26.6
Other assets and liabilities
24.1
43.9
29.0
22.3
Net assets
524.5
547.6 657.1 528.2 509.3
96 96
Net asset value per share (pence) EPRA net tangible asset per share (pence)
100 100 3.5 112 69.3 (16.5)
120 120 27.0 3.4 115 98.3
97 97 6.2 2.8
93 93 4.1 3.5
(0.9) 3.5 114
Earnings per share (pence) Dividends per share (pence)
Dividend cover (%) Share price (pence)
134 85.8
105 89.0
65.2
All figures are in £ million unless otherwise stated.
Picton Property Income Limited / Annual Report 2024
163
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