Governance
Financial Statements
Additional Information
Strategic Report
Business Overview
4.0p EPRA earnings per share 114% Dividend cover
3.5p Dividends paid per share 96p NAV per share
Performance summary
These results demonstrate that we have been able to grow EPRA earnings despite the impacts of inflation, higher interest rates and a weaker economic backdrop. This year, helped by our industrial exposure and strategy to reposition non-core office assets for alternative uses, our portfolio has outperformed the MSCI UK Quarterly Property Index. This marks our eleventh consecutive year of outperformance and maintains our track record of upper quartile performance since launch in 2005. We have a resilient business model with long-term fixed rate financing, and we are confident in our ability to capture the significant income upside potential from our portfolio. I am pleased that we were able to announce in April a near 6% dividend increase. Lena Wilson CBE Chair
Read more in our Chair’s Introduction to the Governance Report on pages 78–79
Picton Property Income Limited / Annual Report 2024
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