NAV falls 12% at Picton as yields move out

Picton's Tower Wharf in Bristol

Picton’s net asset value (NAV) fell 12% in the final quarter of 2022 as the group suffered from industry-wide yield movements and a worsening economy.

NAV came in at £557.3m, compared with £636.4m in Q3, while net tangible assets per share suffered a similar fall to 102.2p.

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