PICTON PROP INCOME

Picton Property Income has declared an interim dividend of 0.69 pence per share for the quarter 1 April–30 June 2026. The share will trade ex-dividend on 6 August, the record date is 7 August and payment is scheduled for 28 August; the distribution will be designated as a Property Income Distribution. The announcement was made alongside a recommended firm takeover offer, for which no details were given in the release. Picton manages a UK commercial property portfolio valued at £702m (45 properties, focus on industrial, around 300 tenants). » Altro su de.investing.com

LondonMetric Property and Schroder Real Estate Investment Trust have improved their all‑share offer for Picton Property Income, valuing Picton at 77.0 pence per share. The consortium increased the exchange ratio for SREIT to 0.894 shares per Picton share; the LondonMetric ratio remains at 0.190. The offer represents a 6.8% premium to Wednesday’s closing price and is unanimously recommended by Picton’s board, subject to due diligence and finalisation of documentation. TR Property Investment Trust has indicated it intends to support the offer with its 11.4% holding, and a scheme of arrangement is being sought. » Altro su de.investing.com

Picton Property Income will relocate its registered office to St Peter Port, Guernsey, with effect from 15 December 2025. Contact details and other correspondence addresses remain unchanged. The company, which invests in UK commercial property, managed a portfolio worth £695m as at 30 September 2025, comprising 46 properties and around 300 tenants, currently with a focus on the industrial sector. The change was announced via a regulatory filing to the London Stock Exchange; Kathy Thompson is available for enquiries. » Altro su de.investing.com