Picton Property Income Limited Annual Report 2021

Creating and delivering value for our stakeholders: Shareholders £34m Profit after tax Occupiers 88% Retention rate Communities £29,000 Charitable donations Our people 85% Employee satisfaction score The environment 92% EPC ratings A-D

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Our business model is driven by knowledge, expertise and research led decisionmaking 1

Creating value through proactive asset management 3

This is underpinned by:

Riskmanagement Our diverse portfolio and occupier base spreads risk and generates a stable income stream throughout the property cycle. We will adapt our capital structure and use debt effectively to achieve enhanced returns. We will maintain a covered dividend policy, to generate surplus cash and allow us to invest back into the portfolio.

Responsible stewardship We have a responsible and ethical approach to business and sustainability is embedded within our corporate strategy. We understand the impact of our business on the environment and are committed to creating and delivering value for the benefit of all our stakeholders.

For more detailed information on our stakeholders, see our Section 172 statement on pages 62-63

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