Companies ›Real Estate ›PCTN.L

PCTN.L — London Stock Exchange Commercial REITs

Picton Property Income Ltd

$72,10

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Mcap

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P/E

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EV / Rev

—

Div yield

4,87 %

Op margin

83,4 %

ROE

7,0 %

Net margin

69,1 %

Debt / equity

0,40

Beta

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52w range

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Volume

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Day range

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Prev close

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Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

Picton Property Income Ltd is a commercial REIT that generates income through the ownership and management of commercial real estate properties.

Business. Picton Property Income Ltd (PCTN.L) is a commercial real estate investment trust listed on the London Stock Exchange. The company operates within the Real Estate sector, specifically focusing on the Commercial REITs industry. It generates revenue primarily through rental income from its property portfolio. Specific details regarding operating segments, headquarters location, or geographic concentration are not provided in the available data.

Classification92 %

SectorReal Estate

IndustryCommercial REITs

Generated · model-assisted

Sell-side consensus

HOLD1 analysts

0 buy1 hold0 sell

Avg 12m price target—

Analyst recommendations

1 analysts · consensus Hold

Buy0

Hold1

Sell0

12-month price target

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Consensus of sell-side coverage.

Upcoming events

— missing data

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

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valuation pending

Analysts→

Hold

1 analysts · indicative

Ownership

—

not yet wired

Profitability→

7,0 %

return on equity

Quality

—

not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning PCTN.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to PCTN.L. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Picton Property Income Ltd (PCTN.L) is a commercial real estate investment trust listed on the London Stock Exchange. The company operates within the Real Estate sector, specifically focusing on the Commercial REITs industry. It generates revenue primarily through rental income from its property portfolio. Specific details regarding operating segments, headquarters location, or geographic concentration are not provided in the available data.

Classification92 %

SectorReal Estate

IndustryCommercial REITs

AI synthesis

GENERATED

Picton Property Income Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.4, indicating a relatively low leverage position compared to industry norms. The company's liquidity is assessed as medium, with a current ratio of 2.8, suggesting it can cover short-term obligations but may face challenges in extreme liquidity stress scenarios.

The company's profitability is reflected in a return on equity (ROE) of 7% and a return on assets (ROA) of 4.88%. These metrics are in line with the industry's preferred metrics for commercial REITs, which emphasize stable cash flows and asset efficiency. Picton's operating income of £45.06 million and net income of £37.32 million support its position as a stable income generator.

Picton Property Income Ltd's revenue is concentrated in the commercial real estate segment, with no disclosed geographic diversification. The company's total assets of £764.64 million are primarily invested in commercial properties, and its revenue is derived from rental income and property management services. There is no indication of significant diversification across property types or geographic regions.

The company's growth trajectory is modest, with no significant revenue growth reported in the latest financial period. Analysts have assigned a mean recommendation of 3.00 (Hold), with no strong buy or buy ratings. The company's revenue of £54.02 million and operating cash flow of £24.92 million suggest a stable but non-expansive business model.

The risk assessment for Picton Property Income Ltd indicates a low dilution risk, with no near-term pressure for share issuance. The company's liquidity risk is moderate, and its credit risk is not explicitly detailed. The key flag of negative net cash after subtracting total debt suggests potential liquidity constraints in the event of a funding shock.

Recent events and filings for Picton Property Income Ltd do not indicate any material changes in its business operations or financial strategy. The company's capital expenditure of -£12,000 suggests minimal investment in new assets, and its free cash flow of £17.29 million supports its ability to maintain dividends and cover operational expenses.

Key takeaways

Picton Property Income Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.4.
The company's ROE of 7% and ROA of 4.88% are in line with industry norms for commercial REITs.
Revenue is concentrated in the commercial real estate segment with no geographic diversification.
Analysts have assigned a mean recommendation of 3.00 (Hold), indicating a stable but non-expansive business model.
The company's liquidity risk is moderate, and its credit risk is not explicitly detailed.

Bull / Bear case

Generated · model-assisted

— missing data

In focus — financials by report

Valuation

Market price

$72,10

Market cap

—

Enterprise valueⓘ

—

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

$533.4M

Net cashⓘ

-$211.2M

Current ratioⓘ

2.8

Debt / equityⓘ

0.4

ROAⓘ

4.9%

ROEⓘ

7.0%

Cash conversionⓘ

67.0%

CapEx / revenueⓘ

-0.0%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Next quarternear-term

Earnings · next quarterconf 45 %

EPS

Consensus EPS

0,04

Predicted surprise

+0,00

Beat probability

45 %

Analysts

Other metrics

Revenue

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no estimate

Segment revenue

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no estimate

Margin

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no estimate

Segment margin

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no estimate

as of 2026-05-15 · Earnings Surprise V1

Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.

Full fiscal year~1 year ahead

Full fiscal year · our forecast vs guidance vs consensus

Metric	Our forecast	Guidance	Consensus
EPS	—no estimate	—no estimate	0,04
Revenue	—no estimate	—no estimate	38,7M GBP
Operating income	—no estimate	—no estimate	38,4M GBP

Full-year consensus mean (period as reported by source) · consensus in GBP. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.

Probabilistic model output — not investment advice. · generated 2026-08-04

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Consensus distribution

sell-side coverage

Recommendation distribution1 analysts

Strong buy0

Buy0

Hold1

Sell0

Strong sell0

Operating income · consensus38,4M GBP

EPS surprise

−4,5 %

reported vs consensus · miss

Revenue surprise

+39,6 %

reported vs consensus · beat

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin83,4 %Above P75

Net Margin69,1 %Above P75

ROE7,0 %Above P75

Capex / Rev-0,0 %Above P75

D/E0,40Above median

Cash Conv0,67Below median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income

Source documents

Picton Property Income Ltd Market data — financials · 2026-05-28
Picton Property Income Ltd Market data — analyst estimates · 2026-05-28

Ownership & reference

Leadership

Michael MorrisChief Executive Officer, Executive Director

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

PCTN.LCanonical

London Stock Exchange · USD

Intel & risk

PredictorBeat prob45 %Surprise+0,00Full forecast →

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)

2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

Analyst recommendations

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Consensus distribution

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Leadership

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread