Picton Property Income Ltd (PCTN)

Sector:

Real Estate

Index:

FTSE Small Cap

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92.89p
   
  • Change Today:
      0.19p
  • 52 Week High: 93.40
  • 52 Week Low: 81.50
  • Currency: UK Pounds
  • Shares Issued: 540.05m
  • Volume: 253,541
  • Market Cap: £501.67m
  • Beta: 0.00

Picton secures first new tenant at Farringdon Road

By Josh White

Date: Tuesday 10 Jan 2017

LONDON (ShareCast) - (ShareCast News) - Property investment company Picton announced on Tuesday that it has secured its first new occupier at 50 Farringdon Road in Clerkenwell, EC1.
The London-listed firm said it has let 7,800 sq ft of office space to the leading multidisciplinary engineering contractor Volker Wessels.

They will occupy the larger wing of the first floor on a ten year lease, subject to break, at an annual rent of £0.42m, in line with ERV.

The second floor and one small suite on the first floor remain available to let, and Picton's board said there is good interest.

It described the property as being a short walk from Farringdon station, and with Crossrail due to open in 2019, it added that the connectivity of the location will further improve.

Picton said it has implemented a strategy to meet occupational demand by subdividing the space whilst retaining the previous high quality fit out, saving significant capital expenditure.

On a pro rata basis the new rent is over 60% higher than the previous rent.

"This letting confirms our strategy to provide a 'plug and play' solution is attractive to occupiers," said chief executive Michael Morris.

"It is also encouraging that we have good interest in the remaining space."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PCTN Market Data

Currency UK Pounds
Share Price 92.89p
Change Today 0.19p
% Change 0.21 %
52 Week High 93.40
52 Week Low 81.50
Volume 253,541
Shares Issued 540.05m
Market Cap £501.67m
Beta 0.00

PCTN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.00% above the market average25.00% above the market average25.00% above the market average25.00% above the market average25.00% above the market average
17.46% below the sector average17.46% below the sector average17.46% below the sector average17.46% below the sector average17.46% below the sector average
Price Trend
63.24% above the market average63.24% above the market average63.24% above the market average63.24% above the market average63.24% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
70.02% above the market average70.02% above the market average70.02% above the market average70.02% above the market average70.02% above the market average
65.96% above the sector average65.96% above the sector average65.96% above the sector average65.96% above the sector average65.96% above the sector average
Growth
31.01% below the market average31.01% below the market average31.01% below the market average31.01% below the market average31.01% below the market average
3.12% below the sector average3.12% below the sector average3.12% below the sector average3.12% below the sector average3.12% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PCTN Dividends

  Latest Previous
  Q4 Q3
Ex-Div 10-May-18 08-Feb-18
Paid 31-May-18 28-Feb-18
Amount 0.88p 0.88p

Trades for 17-Jul-2018

Time Volume / Share Price
14:12 753 @ 92.89p
14:02 726 @ 92.89p
14:01 2,061 @ 92.89p
13:10 13,160 @ 92.40p
12:36 10,775 @ 92.80p

PCTN Key Personnel

Chair Nicholas Thompson

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