StockMarketWire.com - Picton Property Income Fund said it posted a total return of 2.8% in the first half, though its profit fell.

The company's EPRA net asset value per share for the six months through September rose 0.9% to 94p and it declared an interim dividend of 1.75p, unchanged from a year earlier.

Net profit fell to £14.5m, down from £18.9m.

'During the last six months we have been able to further strengthen our balance sheet, increasing net assets and maintaining a covered dividend,' chairman Nicholas Thompson said.

'Our June fundraising has enabled us to continue to invest into our portfolio, enhancing the quality of our assets for occupiers and shareholders alike.'


At 8:18am: [LON:PCTN] Picton Property Income Ltd share price was 0p at 91.5p



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