Picton Property Income Limited Annual Report 2023

Strategic Report


Financial Statements

Additional Information

Business Overview

Performance summary Despite the challenges of inflation and higher interest rates, we have maintained both our EPRA earnings and our long-term track record of outperformance. We are continuing to upgrade and adapt our assets, ensuring they remain relevant and attractive to our occupiers, providing income sustainability. As a business, we are in a resilient position. We have a strong capital structure with attractive long-term fixed rate debt. Our portfolio offers significant income upside, and we are already starting to see stability in asset values. Lena Wilson CBE Chair

EPRA earnings per share 3.9p Dividend cover 112%

Dividends paid per share 3.5p NAV per share 100p

Read more in our Chair’s Introduction to the Governance Report on pages 80–81

 Picton Property Income Limited  Annual Report 2023


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