Picton Property Income Limited Annual Report 2023

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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