2018 • Entered UK REIT regime • Changed from investment company to a commercial company 2019 • Relaunched the Picton Community, Technology, Support and Sustainability • Raised new equity and repaid debt, reducing LTV • Major refurbishment and upgrade of office assets instructed Promise with five key commitments to our occupiers: Action,
2020 • Supported occupiers in face of Covid-19 global pandemic • Dividend reduced but subsequently increased as a result of rent collection performance • LTV reduced to 22%, down from 54% in 2013 • Fully integrated sustainability into corporate strategy, completing materiality assessment 2021 • Retail exposure reduced to 11%, down from 30% in 2012 • Sixth consecutive year of upper quartile performance against MSCI UK Quarterly Property Index
2015 • Highest reported profit and total return since 2006 • New revolving credit facility established 2016 • Established further revolving credit facility • Reduced central London office exposure and repaid debt • Reduced borrowings through repayment of zero dividend preference shares
2017 • Fifth anniversary since internalisation • Outperformed MSCI UK Quarterly Property Index over 1, 3, 5 and 10 years • Increase in market capitalisation from £129 million to £408 million over the five years since internalisation • Alignment of teamwith shareholders through Long-term Incentive Plan
Awards
Moneywise Investment Trust Awards – Winner 2018
MSCI UK Property Investment Awards – Winner 2018
Citywire Investment Trust Awards – Winner 2019, 2018, 2017
Money Observer Trust Awards – Best Property Trust Winner 2018, 2017, 2016
Investment Company of the Year Awards – Property Winner 2018, 2017, 2016
EPRA Gold Awards Financial Reporting – 2020, 2019, 2018, 2017, 2016, 2015 Sustainability Reporting – 2020, 2019
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