Factsheet: Picton Property Income Ord

Property

Discount: -1.6% Rated Fund 2017-2018. A self-managed trust aiming for enhanced returns

Picton Property Income won Money Observer's Best Large Trust award in 2016 and Best Property Trust award in 2017.Its performance has picked up impressively since it became a self-managed trust and changed its name in 2012. Its chief executive since the change has been Michael Morris. His team have generated outperformance by actively managing assets, thereby enabling them to raise rents, cut costs and reduce voids to 6 per cent.

Morris believes that self-management has brought three key advantages. First, it creates a strong alignment between the management team and the shareholders through a long-term incentive plan. Second, it has cut costs, and third, it has encouraged a more entrepreneurial spirit.

Narrative and ratings content all as of 01 January 2018.

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Name
Picton Property Income Ord
Manager
Picton Capital Limited
Type
Closed Ended Investment Company
ISIN
GB00B0LCW208
Sector
Property Direct - UK
Launched
24/10/2005
OCF
2.47 %
Risk Rating
3
3 Year Sharpe
0.95
Yield
3.8 %
Benchmark
3.78872 %
Fund Size
£ 479.03 million
NAV
90
Gearing
135
Discount Premium
-1
The investment objective of the Company is to provide shareholders with an attractive level of income together with the potential for capital growth, by investing in the principal commercial property sectors.
Name
Picton Capital Limited
Address
EC2N 2QQ, London, United Kingdom
Legal Structure
Closed Ended Investment Company

Managers

Michael Morris
Joined 01/01/2012

Michael is Chief Executive of Picton Capital Limited and is responsible for devising and overseeing the implementation of all aspects of the Company’s investment strategy. Formerly, he was Director and Fund Manager at ING Real Estate Investment Management (UK) Limited, and he has worked with the Group since it launched in 2005. He has over 19 years of real estate experience and is a member of the Investment Property Forum. Michael sits on the Property Panel of the Association of Investment Companies and the CPD steering committee of the Investment Property Forum. He has obtained the Investment Management Certificate and the IPF Diploma in Property Investment.

Data provided by Morningstar.

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.