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Picton Property Income
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=== Valuation: Good yield with total return potential === The current annualised rate of DPS (3.5p) represents a prospective yield of 3.8% with further growth reflected in Edison Investment Research's forecasts. The FY22 P/NAV is c 0.77x, which is below the five-and 10-year average of c 0.95x and a peak of c 1.1x.
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