Picton Property Income Limited Sustainability Report 2022
Introduction
02
Environmental Focus
Stakeholder Engagement
Governance
Appendix
Picton at a glance Occupier focused, opportunity led.
£657m Net assets (2021: £528m) (2020: £509m) £849m Portfolio valuation
£147m Profit for the year (2021: £34m) (2020: £23m) 47 Number of properties
4.1% EPRA net initial yield (2021: 4.8%) (2020: 4.8%) 7.2% EPRA vacancy rate
3.9p EPRA earnings per share
We are an award winning Real Estate Investment Trust (‘REIT’) investing in UK commercial property. Our diversified property portfolio consists of 47 assets and is valued at £849 million as at 31 March 2022. By applying insight, agility and a personalised service, we provide attractive, well-located spaces to help our occupiers’ businesses succeed and in turn enhance value for our shareholders. We have a long-term track record and have outperformed the MSCI UK Quarterly Property Index over one, three, five and ten years, and since inception.
(2021: 3.7p) (2020: 3.7p) 93% Occupancy (2021: 91%) (2020: 89%)
(2021: £682m) (2020: £665m)
(2021: 46) (2020: 47)
(2021: 8.8%) (2020: 11.5%)
Industrial weighting
Office weighting
Retail and Leisure weighting
60% South East
10% Retail Warehouse High Street Rest of UK
30% South East
44% 16%
7% 2% 1%
11% 10%
Rest of UK
Rest of UK
Leisure
9%
City and West End
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