Picton Property Income (PCTN) - Value-enhancing asset management

London, UK, 13 October 2023

Picton Property Income (PCTN) - Value-enhancing asset management

Ahead of interim results covering the six months to 30 September 2023, to be published in November, Picton Property Income has published a portfolio and asset management update. The company expects the continued progress with a range of initiatives, across all sectors, including leasing, asset enhancement and non-core disposal, to be accretive to NAV and income. Ahead of the results, our forecasts are unchanged.

The support that asset management provides for property valuations, as well as income, provides a counterweight to continuing, moderate (low-single-digit percent) market weakness. Fundamental support for industrial assets is generating modest gains, offset by offices and, to a lesser extent, retail and leisure.

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Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington.

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