Webdisclosure.com

Search

EDISON INVESTMENT RESEARCH LIMITED Edison Investment Research Limited: Edison issues outlook on Picton Property Income (PCTN)

Directive transparence : information réglementée

29/07/2019 16:24

Edison Investment Research Limited
Edison Investment Research Limited: Edison issues outlook on Picton Property Income (PCTN)

29-Jul-2019 / 15:24 GMT/BST


 

London, UK, 29 July 2019

Edison issues outlook on Picton Property Income (PCTN)

Picton aims to be one of the consistently best-performing diversified UK-focused property companies listed on the LSE. Its property portfolio has established a strong track record of outperformance versus the MSCI Quarterly Property Index over one, three, five and 10 years and, combined with the effective use of moderate gearing and efficient operation, NAV total returns have been strong, including growing, fully-covered dividends. Positive returns continued in Q120 and strong reversionary potential and asset management initiatives are positive indicators for continued returns.

 

Picton offers a current yield of 3.8% and trades at close to its last-reported NAV. Although it has a strong income focus, its dividend yield is lower than the peer average (c 5.6%), reflecting a fully covered position that provides scope to reinvest in the portfolio in ways designed to support occupancy and income growth with the specific goal of enhancing long-term total return.


Click here to view the full report.

 

Subscribe to Edison's content to receive reports by email.

All reports published by Edison are free-to-access and available on the website.

 

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Martyn King, +44(0) 203 077 5745

Andrew Mitchell, +44(0) 203 681 2500

financials@edisongroup.com

 

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn        https://www.linkedin.com/company/edison-group-

Twitter           www.twitter.com/Edison_Inv_Res

YouTube       www.youtube.com/edisonitv



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

848303  29-Jul-2019 

fncls.ssp?fn=show_t_gif&application_id=848303&application_name=news&site_id=symex