Picton Property Income Ltd Net Assets
Picton Property Income Ltd net assets. Based on the latest financial reports, Picton Property Income Ltd (PCTN) has net assets worth GBX521.98 Million GBX (≈ $63.51K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX751.65 Million ≈ $91.45K USD) and total liabilities (GBX229.67 Million ≈ $27.94K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See PCTN net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX521.98 Million |
| % of Total Assets | 69.44% |
| Annual Growth Rate | 2.43% |
| 5-Year Change | -20.57% |
| 10-Year Change | 18.12% |
| Growth Volatility | 22.67 |
Net Assets of Picton Property Income Ltd (2005–2026)
Net assets of Picton Property Income Ltd from 2005 to 2026. This chart illustrates how Picton Property Income Ltd's net assets have evolved over time, based on quarterly financial data. Also explore net asset momentum of Picton Property Income Ltd to track the company's year-over-year net asset growth rate.
Annual Net Assets for Picton Property Income Ltd (2005–2026)
The table below shows the annual net assets of Picton Property Income Ltd from 2005 to 2026. For live market cap and overall valuation, see Picton Property Income Ltd (PCTN) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | GBX521.98 Million ≈ $63.51K |
-2.14% |
| 2025-03-31 | GBX533.38 Million ≈ $64.90K |
+1.70% |
| 2024-03-31 | GBX524.48 Million ≈ $63.81K |
-4.23% |
| 2023-03-31 | GBX547.62 Million ≈ $66.63K |
-16.66% |
| 2022-03-31 | GBX657.13 Million ≈ $79.95K |
+24.41% |
| 2021-03-31 | GBX528.20 Million ≈ $64.27K |
+3.71% |
| 2020-03-31 | GBX509.28 Million ≈ $61.97K |
+1.98% |
| 2019-03-31 | GBX499.42 Million ≈ $60.76K |
+2.47% |
| 2018-03-31 | GBX487.36 Million ≈ $59.30K |
+10.28% |
| 2017-03-31 | GBX441.93 Million ≈ $53.77K |
+5.94% |
| 2016-03-31 | GBX417.13 Million ≈ $50.75K |
+12.75% |
| 2015-03-31 | GBX369.97 Million ≈ $45.01K |
+72.81% |
| 2014-03-31 | GBX214.10 Million ≈ $26.05K |
+26.37% |
| 2013-03-31 | GBX169.42 Million ≈ $20.61K |
-13.61% |
| 2012-03-31 | GBX196.11 Million ≈ $23.86K |
-5.21% |
| 2010-12-31 | GBX206.89 Million ≈ $25.17K |
+14.26% |
| 2009-12-31 | GBX181.06 Million ≈ $22.03K |
-13.91% |
| 2008-12-31 | GBX210.31 Million ≈ $25.59K |
-43.09% |
| 2007-12-31 | GBX369.52 Million ≈ $44.96K |
-11.67% |
| 2006-12-31 | GBX418.33 Million ≈ $50.90K |
+30.40% |
| 2005-12-31 | GBX320.80 Million ≈ $39.03K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Picton Property Income Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1512.9% over the analyzed period, indicating profitable operations and earnings retention.
Picton Property Income Ltd Net Assets Breakdown (March 2026)
Picton Property Income Ltd net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX358.98 Million | 68.77% |
| Common Stock | GBX164.40 Million | 31.50% |
| Other Comprehensive Income | GBX-1.40 Million | -0.27% |
| Total Equity | GBX521.98 Million | 100.00% |
Picton Property Income Ltd Competitors by Market Cap
The table below lists competitors of Picton Property Income Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kioson Komersial Indonesia Tbk PT
JK:KIOS
|
$4.35 Million |
|
Terregra Asia Energy PT
JK:TGRA
|
$4.35 Million |
|
Churchill Resources Inc
V:CRI
|
$4.35 Million |
|
Aston Martin Lagonda Global Holdings PLC
LSE:AML
|
$4.35 Million |
|
Benjamin Hornigold Ltd
AU:BHD
|
$4.35 Million |
|
CXApp Inc.
NASDAQ:CXAI
|
$4.35 Million |
|
Gratomic Inc
V:GRAT
|
$4.35 Million |
|
BIRKS GROUP INC. A
F:2BG
|
$4.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Picton Property Income Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 533,378,000 to 521,982,999, a change of -11,395,001 (-2.1%).
- Net income of 25,854,000 contributed positively to equity growth.
- Dividend payments of 19,738,000 reduced retained earnings.
- Share repurchases of 18,255,000 reduced equity.
- Other comprehensive income decreased equity by 176,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX25.85 Million | +4.95% |
| Dividends Paid | GBX19.74 Million | -3.78% |
| Share Repurchases | GBX18.25 Million | -3.5% |
| Other Comprehensive Income | GBX-176.00K | -0.03% |
| Other Changes | GBX920.00K | +0.18% |
| Total Change | GBX- | -2.14% |
Book Value vs Market Value Analysis
This analysis compares Picton Property Income Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 69.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 55.47x to 69.64x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | GBX1.26 | GBX70.00 | x |
| 2007-12-31 | GBX1.12 | GBX70.00 | x |
| 2008-12-31 | GBX0.64 | GBX70.00 | x |
| 2009-12-31 | GBX0.55 | GBX70.00 | x |
| 2010-12-31 | GBX0.61 | GBX70.00 | x |
| 2012-03-31 | GBX0.57 | GBX70.00 | x |
| 2013-03-31 | GBX0.49 | GBX70.00 | x |
| 2014-03-31 | GBX0.59 | GBX70.00 | x |
| 2015-03-31 | GBX0.83 | GBX70.00 | x |
| 2016-03-31 | GBX0.77 | GBX70.00 | x |
| 2017-03-31 | GBX0.82 | GBX70.00 | x |
| 2018-03-31 | GBX0.90 | GBX70.00 | x |
| 2019-03-31 | GBX0.92 | GBX70.00 | x |
| 2020-03-31 | GBX0.93 | GBX70.00 | x |
| 2021-03-31 | GBX0.97 | GBX70.00 | x |
| 2022-03-31 | GBX1.20 | GBX70.00 | x |
| 2023-03-31 | GBX1.00 | GBX70.00 | x |
| 2024-03-31 | GBX0.96 | GBX70.00 | x |
| 2025-03-31 | GBX0.98 | GBX70.00 | x |
| 2026-03-31 | GBX1.01 | GBX70.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Picton Property Income Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.63%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.44x
- Recent ROE (4.95%) is above the historical average (1.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -7.38% | 0.00% | -0.02x | 1.87x | GBX-64.22 Million |
| 2008 | -66.77% | 0.00% | -0.27x | 2.21x | GBX-161.45 Million |
| 2009 | -10.68% | 0.00% | -0.01x | 2.28x | GBX-37.44 Million |
| 2010 | 15.26% | 31.11% | 0.22x | 2.26x | GBX10.89 Million |
| 2012 | 3.31% | 25.09% | 0.06x | 2.29x | GBX-13.12 Million |
| 2013 | -8.62% | 0.00% | 0.00x | 2.47x | GBX-31.55 Million |
| 2014 | 17.44% | 74.76% | 0.11x | 2.17x | GBX15.94 Million |
| 2015 | 18.61% | 84.01% | 0.13x | 1.68x | GBX31.86 Million |
| 2016 | 15.55% | 81.81% | 0.12x | 1.65x | GBX23.13 Million |
| 2017 | 9.67% | 72.66% | 0.09x | 1.51x | GBX-1.44 Million |
| 2018 | 13.17% | 82.46% | 0.11x | 1.48x | GBX15.43 Million |
| 2019 | 6.20% | 60.90% | 0.07x | 1.43x | GBX-18.99 Million |
| 2020 | 4.42% | 55.45% | 0.06x | 1.37x | GBX-28.42 Million |
| 2021 | 6.40% | 67.73% | 0.07x | 1.35x | GBX-19.02 Million |
| 2022 | 22.37% | 86.93% | 0.19x | 1.36x | GBX81.27 Million |
| 2023 | -17.95% | 0.00% | -0.09x | 1.45x | GBX-153.04 Million |
| 2024 | -0.91% | -8.76% | 0.07x | 1.48x | GBX-57.24 Million |
| 2025 | 7.00% | 69.09% | 0.07x | 1.43x | GBX-16.01 Million |
| 2026 | 4.95% | 50.63% | 0.07x | 1.44x | GBX-26.34 Million |
Industry Comparison
This section compares Picton Property Income Ltd's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $683,584,642
- Average return on equity (ROE) among peers: -0.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Picton Property Income Ltd (PCTN) | GBX521.98 Million | -7.38% | 0.44x | $4.35 Million |
| AEW UK REIT Plc (AEWU) | $116.38 Million | 5.83% | 0.16x | $1.93 Million |
| Alternative Income REIT PLC (AIRE) | $67.75 Million | -7.73% | 0.65x | $675.82K |
| abrdn Property Income Trust Ltd. (API) | $312.78 Million | 10.21% | 0.49x | $83.49K |
| British Land Company PLC (BLND) | $2.93 Billion | 3.66% | 0.90x | $50.93 Million |
| Custodian REIT PLC (CREI) | $437.57 Million | -15.04% | 0.43x | $4.92 Million |
| Ground Rents Income Fund PLC (GRIO) | $52.17 Million | -8.28% | 0.21x | $192.06K |
| Land Securities Group PLC (LAND) | $2.11 Billion | 3.76% | 0.25x | $66.33 Million |
| Palace Capital PLC (PCA) | $-45.00K | 0.00% | 0.00x | $369.29K |
| Real Estate Investors PLC (RLE) | $121.16 Million | 6.67% | 0.79x | $659.49K |
About Picton Property Income Ltd
Picton Property Income Limited owns and actively manages a 702 million pounds UK commercial property portfolio. It has invested across 45 assets and with around 300 occupiers (as at 30 June 2026). Through an occupier focused, opportunity led approach, Picton aims to be the consistently best performing diversified UK REIT and has delivered upper quartile outperformance and a consistently higher in… Read more