Picton Property Income Executes Share Buyback

The latest update is out from Picton Property Income ( (GB:PCTN) ).

Picton Property Income Limited recently executed a share buyback, purchasing 222,501 of its Ordinary Shares for cancellation at an average price of 66.5 pence per share on the London Stock Exchange. This action adjusts the total number of shares in circulation to 543,139,459, impacting shareholder calculations and aligning with the company’s strategic focus on maintaining a flexible and agile business model in the real estate market.

More about Picton Property Income

Established in 2005, Picton Property Income Limited is a UK-based company listed on the London Stock Exchange. It manages a substantial £737 million commercial property portfolio across 48 assets with around 350 occupiers. Picton focuses on being a top-performing diversified UK REIT, with a strategy that emphasizes income and capital growth, particularly in the industrial sector.

YTD Price Performance: 6.84%

Average Trading Volume: 450

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $456M

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