Earnings GrowthDividend growth is expected to be broadly in line with earnings growth, with a forecasted aggregate rise of over 10% in the next three years.
Portfolio PerformancePicton's property portfolio continues to exceed the MSCI UK Monthly All Property Index, which showed capital growth of 1.2% over the quarter, such that the company is on course for its 11th consecutive year of outperformance, driven by consistently superior sector and asset allocation decisions.
ValuationPicton's shares are trading at a 26% discount to NTA, and offer a fully-covered dividend of 5.1%.