Strategic Report
Financial Statements
Additional Information
Governance
Non-financial KPIs
Retention rate (%)
Employee satisfaction (%)
J
L
2022 2021 2020
2022 2021 2020
37
82
88
85
83
53
Why we use this indicator This provides a measure of income at risk and the retention of that income during the year. This is achieved through lease extensions or removal of break options.
Why we use this indicator We use this indicator to assess our performance against one of our strategic objectives, to nurture a positive culture reflecting the values and alignment of the Picton team. The indicator is based on the employee survey carried out during the year.
Our performance in 2022 The lower retention rate principally reflects pandemic-related voids. Total ERV at risk due to lease expiries or break options totalled £5.5 million, £1.2 million lower than last year. Of the ERV at risk that was not retained, 29% or £1.6 million of ERV was re-let to a different occupier during the year.
Our performance in 2022 Although slightly lower this year, the employee satisfaction score remains very high.
3
1
3
1
2
2
EPC rating A-C (%)
K
2022 2021 2020
71
64
55
Why we use this indicator Energy Performance Certificates (EPCs) indicate how energy efficient a building could be by assigning a rating from ‘A’ (very efficient) to ‘G’ (very inefficient). From 2023 MEES regulations prohibit leasing space that is F or G rated. It is proposed that from 2027 an EPC of at least a C rating will be required.
Our performance in 2022 The proportion of EPC ratings between A to C has increased against the prior year and makes up 71% of the portfolio. The remaining 29% is rated D or E.
3
1
2
Picton Property Income Limited Annual Report 2022
31
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