Picton Property expands share buyback program to £17.5 million

LONDON - Picton Property Income Limited (LSE:PCTN), a UK-based investment company specializing in commercial property, announced today an increase in its ongoing share buyback program. The company has enlarged the maximum aggregate consideration of the program by 40%, from £12.5 million to £17.5 million.

This expansion allows the program to proceed until the Annual General Meeting (AGM) scheduled for July 2025, where Picton will seek shareholder approval to continue share repurchases in the following year. Since the program’s initiation on January 30, 2025, Picton has repurchased and cancelled 16,966,391 Ordinary Shares, totaling approximately £11.7 million.

The decision to increase the buyback program’s funding follows an earlier announcement on April 4, 2025, indicating an increase in the size of the program. The company’s strategy to enhance shareholder value involves actively managing a diversified portfolio, primarily focused on the industrial sector, which is strategically positioned to capture income and capital growth.

Picton, established in 2005 and listed on the London Stock Exchange (LON:LSEG), manages a £723 million UK commercial property portfolio comprising 47 assets with approximately 350 occupiers as of March 31, 2025. The company is known for its occupier-focused approach and has consistently delivered upper quartile performance and higher income returns than the MSCI UK Quarterly Property Index since its inception.

The company also emphasizes its commitment to responsible business practices with a goal to achieve net zero carbon by 2040. This announcement is based on a press release statement issued by Picton Property Income Limited.

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