PictonProperty Income Limited Sustainability Report 2021
02
Introduction
Approach
Environmental Focus
Sustainable Buildings
Our Employees
Stakeholder Engagement
Appendix
Introduction Picton at a glance Occupier focused, opportunity led.
Industrial weighting 53% South East
40% 13%
Rest of UK
£528m Net assets (2020: £509m) (2019: £499m) £682m Portfolio valuation
4.8% EPRA net initial yield (2020: 4.8%) (2019: 4.9%) 8.8% EPRA vacancy rate (2020: 11.5%) (2019: 10.3%) 3.7p 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 46 assets with over 80% invested in the industrial and office sectors. We acquire, create and manage buildings for around 350 commercial occupiers across a wide range of businesses. 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 producing upper quartile returns over one, three, five and ten years and since inception.
Office weighting 36% South East
16% 11%
Rest of UK
(2020: £665m) (2019: £685m)
9%
City and West End
£34m Profit for the year (2020: £23m) (2019: £31m) 46 Number of assets
(2020: 3.7p) (2019: 4.3p)
Retail and Leisure weighting 11% Retail Warehouse
91% Occupancy (2020: 89%) (2019: 90%)
7% 3% 1%
High Street Rest of UK
(2020: 47) (2019: 49)
Leisure
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