Picton Property Income: Committed to Boosting Earnings Growth

• Picton Property Income has re-instated forecasts following the cessation of merger discussions with UKCM.
• The company's H124 financial performance was resilient, supporting fully covered DPS.
• Picton Property Income believes there are strategic and financial benefits to combining complementary businesses.
• The current annualized run rate of DPS is 3.5p, representing a prospective yield of 5.4%.
• DPS growth is forecasted in FY25 and FY26, fully covered.
• The shares of Picton Property Income trade at a 34% discount to H124 NAV.

The next important date, Quarterly report, at Picton Property Income is on 23.05.2024.