Picton Property Income Limited
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.See all Money Observer rated funds
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.
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