Additional Information/Continued
Five year financial summary
2023
2022
2021
2020
2019
Income statements Net property income Administrative expenses
36.3
35.4
33.5
33.6
38.3
(6.0)
(5.7)
(5.4)
(5.6)
(5.6) (0.2)
–
Exceptional costs
–
–
–
30.3
29.7
28.1
28.0
32.5
(9.0)
Net finance costs
(8.5)
(8.0)
(8.2)
(9.1)
Income profit before tax
21.3
21.2
20.1
19.8
23.4
–
Tax
–
–
0.1
(0.5)
Income profit
21.3
21.2 129.8
20.1 13.7
19.9
22.9 11.3
(110.4)
Property gains and losses
2.6
(0.8)
Revaluation of owner-occupied property
0.4 (4.0)
– –
– –
–
–
Debt prepayment fee
(3.2)
Profit/loss after tax Dividends paid
(89.9) 19.1
147.4 18.4
33.8 15.0
22.5 19.0
31.0 18.9
2023
2022
2021
2020
2019
Balance Sheets Investment properties
746.3 (222.8)
830.0 665.4 654.5 676.1
Borrowings
(216.8)
(166.2)
(167.5)
(194.7)
24.1
Other assets and liabilities
43.9
29.0
22.3
18.0
Net assets
547.6
657.1 528.2 509.3 499.4
100 100 3.5 112 69.3 (16.5)
Net asset value per share (pence) EPRA net tangible asset per share (pence)
120 120 27.0 3.4 115 98.3
97 97 6.2 2.8
93 93 4.1 3.5
93 93 5.7 3.5
Earnings per share (pence) Dividends per share (pence)
Dividend cover (%) Share price (pence)
134 85.8
105 89.0
122 89.2
All figures are in £ million unless otherwise stated.
160
Picton Property Income Limited Annual Report 2023
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