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Equity Bottom-Up

Picton Property Income / Equity Bottom-Up

<p>Picton Property Income (PCTN) has completed the £8.4m disposal of a vacant office building, which is to be redeveloped for student accommodation. The company completed three such sales in FY25, for an aggregate £51m (gross), at an average 5% premium to the March 2024 valuation. In addition to the valuation uplift, the sales significantly enhance earnings and provide opportunities for accretive capital deployment, including ongoing share repurchases.</p>

Picton Property Income (PCTN) has completed the £8.4m disposal of a vacant office building, which is to be redeveloped for student accommodation. The company completed three such sales in FY25, for an aggregate £51m (gross), at an average 5% premium to the March 2024 valuation. In addition to the valuation uplift, the sales significantly enhance earnings and provide opportunities for accretive capital deployment, including ongoing share repurchases.

Picton Property Income — Further accretive sale completed