Picton Property Income Limited Annual Report 2023


Strategic Report
3

Business Overview
3

Highlights
4

Purpose
6

Strategy
6

Business Model
8

Responding to Uncertainty
10

Chief Executive’s Review
20

Key Performance Indicators
24

Our Marketplace
28

Portfolio Review
30

Financial Review
40

Principal Risks
44

TCFD Statement
49

Being Responsible: Sustainability Reporting
58

Governance
80

Chair’s Introduction
82

Board of Directors
84

Our Team
86

Leadership and Purpose
88

Section 172 Statement
92

Division of Responsibilities
96

Composition, Succession and Evaluation
98

Audit, Risk and Internal Control
102

Remuneration Report
108

Directors’ Report
125

Financial Statements
128

Independent Auditor’s Report
130

Consolidated Statement of Comprehensive Income
134

Consolidated Statement of Changes in Equity
135

Consolidated Balance Sheet
136

Consolidated Statement of Cash Flows
137

Notes to the Consolidated Financial Statements
138

Additional Information
157

EPRA BPR and Supplementary Disclosures
157

Property Portfolio
161

Five Year Financial Summary
162

Glossary
163

Financial Calendar
166

Shareholder Information
167

www.picton.co.uk

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