Additional Information
Five year financial summary
2022
2021
2020
2019
2018
Income statements Net property income Administrative expenses Exceptional costs
35.4
33.5 33.6 38.3 38.5
(5.7)
(5.4)
(5.6)
(5.6) (0.2)
(5.3) (0.3)
–
–
–
29.7
28.1 28.0 32.5 32.9
(8.5)
Net finance costs
(8.0)
(8.2)
(9.1)
(9.7)
Income profit before tax
21.2
20.1 19.8 23.4 23.2
–
Tax
–
0.1
(0.5)
(0.5)
Income profit
21.2 129.8
20.1 19.9 22.9 22.7
Property gains and losses
13.7
2.6 11.3 41.5
0.4 (4.0)
Revaluation of owner-occupied property
– –
– –
–
– –
Debt prepayment fee
(3.2)
Profit/loss after tax Dividends paid
147.4 18.4
33.8 22.5 31.0 64.2 15.0 19.0 18.9 18.5
2022
2021
2020
2019
2018
Balance Sheets Investment properties
830.0 (216.8) 43.9
665.4 654.5 676.1 670.7
Borrowings
(166.2)
(167.5)
(194.7)
(214.0)
Other assets and liabilities
29.0 22.3 18.0 30.7
Net assets
657.1
528.2 509.3 499.4 487.4
120 120 27.0 3.4 115 98.3
Net asset value per share (pence) EPRA net tangible asset per share (pence)
97 97 6.2 2.8
93 93 4.1 3.5
93 93
90 90
Earnings per share (pence) Dividends per share (pence)
5.7 11.9
3.5
3.4
Dividend cover (%) Share price (pence)
134 105 122 122 85.8 89.0 89.2 84.3
All figures are in £ million unless otherwise stated.
Picton Property Income Limited Annual Report 2022
144
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