Business Overview Welcome
Welcome to our 2021
Contents
Business Overview Welcome 2021 Highlights Picton at a Glance Chair’s Statement Strategic Report Business Model
2 4 8
Annual Report
12 14
Our Marketplace
Our Strategy
20 22 30 34 44 47 52 54 62 64 66 68 70 74 76 79 98 99
Chief Executive’s Review Key Performance Indicators
Portfolio Review Financial Review Principal Risks TCFD Statement
Being Responsible Section 172 Statement Governance Chair’s Introduction Board of Directors
Through our occupier focused, opportunity led approach, we aim to be one of the consistently best performing diversified UK REITs. To us this means being a responsible owner of commercial real estate, helping our occupiers succeed and being valued by all our stakeholders.
Our Team
Corporate Governance Report Nomination Committee Report Audit and Risk Committee Report
Remuneration Report
Property Valuation Committee Report
Directors’ Report
Financial Statements Independent Auditor’s Report Consolidated Statement of Comprehensive Income Consolidated Statement of Changes in Equity Consolidated Balance Sheet
102
106
107 108 109
Consolidated Statement of Cash Flows
Notes to the Consolidated Financial Statements Additional Information Supplementary Disclosures
110
127 131 132 133 134 135
Property Portfolio
Five Year Financial Summary
Glossary
Financial Calendar
Shareholder Information
Visit our website www.picton.co.uk
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