Real estate - LSE - Mcap: £401m - Price: 73p - Flash

Picton Property Income 

Increased DPS driving positive returns

Picton Property Income’s Q125 trading update shows DPS, increased by 6% from Q423, fully covered by EPRA earnings. Our unchanged forecasts show continuing earnings growth, driven by positive leasing momentum and asset management initiatives underway. Net asset value has stabilised, supported by improving sentiment in the property market and the prospect of interest rate reductions.