Picton Property Income Limited Annual Report 2021

Top five occupiers Occupier

Contracted rent (£m)

%of total contracted rent

Public sector

2.1 1.6 1.2 1.2 1.2 7.3

5.0 3.9 3.0 2.8 2.8 17.5

Whistl UK Limited

Industrial weighting 53% South East

B&Q Plc

The RandomHouse Group Limited

Snorkel Europe Limited

Total

Top five assets Assets

40% 13%

Property type

Capital value (£m)

Rest of UK

Parkbury Industrial Estate, Radlett, Herts. River Way Industrial Estate, Harlow, Essex Angel Gate, City Road, London EC1 Stanford Building, Long Acre, London WC2

Industrial Industrial

>60

50-60 30-40 30-40 20-30

Read more on pages 38–39

Office Office

Datapoint, Cody Road, London E16

Industrial

Outperformance track record Total property return (%) (Picton vs MSCI)

Office weighting 36% South East

15.0

Picton All Property MSCI UK Quarterly Property Index

0.0 5.0 10.0

(15.0) (10.0) (5.0)

16% 11%

Rest of UK

9%

City and West End

Read more on pages 40–41

Indexed total property returns (Picton vs MSCI)

300.0

Picton All Property MSCI UK Quarterly Property Index

100.0 150.0 200.0 250.0

Retail and Leisureweighting 11% Retail Warehouse 7% High Street Rest of UK 3% Leisure 1%

0.0 50.0

Annualised total property return (%) 10.0

 Picton

 MSCI

8.0 6.0 4.0 2.0 0

Read more on pages 42–43

1 Year

3 Year annualised

5 Year annualised

10 Year annualised

Since inception

05

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