Governance
Financial Statements
Additional Information
Strategic Report
80% EPC ratings A-C Improved from 76% in 2023 16% Reduction in Scope 1 & 2 emissions compared to 2019 baseline 184% Increase in solar capacity compared to 2023 £4.5m Invested into upgrading over 20 assets 62% Occupier energy data coverage 99% Of leases contained green clauses Continued sustainability progress towards net zero carbon targets
Outperforming property portfolio with improving income and reversionary potential
Continued MSCI outperformance for the eleventh consecutive year and long-term upper quartile outperformance since launch
3% increase in passing rent, contracted rent and ERV 99% Rent collection 93% Occupancy (Excluding assets held for sale) 29% Reversionary potential (Above current passing rent) Diversified income stream with over
Repositioning our portfolio to improve income and occupancy
4.5% increase in net property income 26 Lettings 3% ahead of March 2023 ERV 31 Lease renewals/regears 2% ahead of March 2023 ERV 13 Rent reviews 2% ahead of March 2023 ERV
All figures are stated as at 31 March 2024 or for the year ended 31 March 2024 unless otherwise stated. Comparative figures are for the year ended 31 March 2023. The Financial Statements are prepared under IFRS. We use a number of alternative performance measures (APMs) when reporting on the performance of the business and its financial position. In common with many other listed property companies, we report the EPRA performance measures. In the Additional Information section of this report on pages 158–161 we provide more detailed information and reconciliations to IFRS where appropriate.
Picton Property Income Limited / Annual Report 2024
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