PCTN.L vs. LMP.L
PCTN.L (Picton Property Income Ltd) and LMP.L (LondonMetric Property plc) are both stocks. Both operate in the REIT - Diversified industry within the Real Estate sector. Over the past 10 years, PCTN.L returned 5.15%/yr vs 7.33%/yr for LMP.L. At a 0.33 correlation, their price movements are largely independent.
Performance
PCTN.L vs. LMP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PCTN.L achieves a -0.49% return, which is significantly lower than LMP.L's 5.10% return. Over the past 10 years, PCTN.L has underperformed LMP.L with an annualized return of 5.15%, while LMP.L has yielded a comparatively higher 7.33% annualized return.
PCTN.L
- 1D
- -0.41%
- 1M
- 3.00%
- 6M
- -11.37%
- YTD
- -0.49%
- 1Y
- -4.95%
- 3Y*
- 4.67%
- 5Y*
- 0.51%
- 10Y*
- 5.15%
- ALL TIME*
- 3.28%
LMP.L
- 1D
- -0.16%
- 1M
- 5.41%
- 6M
- -1.59%
- YTD
- 5.10%
- 1Y
- 7.09%
- 3Y*
- 8.02%
- 5Y*
- 0.53%
- 10Y*
- 7.33%
- ALL TIME*
- 9.10%
PCTN.L vs. LMP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCTN.L Picton Property Income Ltd | -0.49% | 21.96% | -2.46% | -9.07% | -18.70% | 40.89% | -19.54% | 18.35% | 5.90% | 15.15% |
LMP.L LondonMetric Property plc | 5.10% | 12.48% | -0.43% | 17.21% | -36.54% | 28.33% | 0.54% | 41.57% | -2.30% | 25.29% |
Correlation
The correlation between PCTN.L and LMP.L is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2013 | 0.33 |
Over the past year, PCTN.L and LMP.L have become more correlated (0.68) than their long-term average of 0.33, meaning their price movements have been converging.
Fundamentals
PCTN.L:
£367.71M
LMP.L:
£4.51B
PCTN.L:
£0.12
LMP.L:
£0.28
PCTN.L:
5.91
LMP.L:
6.80
PCTN.L:
0.08
LMP.L:
0.23
PCTN.L:
3.55
LMP.L:
5.05
PCTN.L:
0.70
LMP.L:
0.95
PCTN.L:
£105.09M
LMP.L:
£867.40M
PCTN.L:
£73.05M
LMP.L:
£854.10M
PCTN.L:
£60.80M
LMP.L:
£828.60M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PCTN.L vs. LMP.L — Risk / Return Rank
PCTN.L
LMP.L
PCTN.L vs. LMP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Picton Property Income Ltd (PCTN.L) and LondonMetric Property plc (LMP.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCTN.L | LMP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.08 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.46 | -0.68 |
| Martin ratioReturn relative to average drawdown | -0.48 | 0.97 | -1.45 |
Loading charts...
Drawdowns
PCTN.L vs. LMP.L - Drawdown Comparison
The maximum PCTN.L drawdown since its inception was -87.15%, which is greater than LMP.L's maximum drawdown of -42.13%. Use the drawdown chart below to compare losses from any high point for PCTN.L and LMP.L.
Loading charts...
Drawdown Indicators
| PCTN.L | LMP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -42.13% | -45.02% |
Max Drawdown (1Y)Largest decline over 1 year | -22.15% | -15.39% | -6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -22.15% | -16.22% | -5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -37.52% | -41.56% | +4.04% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -42.13% | -7.38% |
Current DrawdownCurrent decline from peak | -18.18% | -13.00% | -5.18% |
Average DrawdownAverage peak-to-trough decline | -23.04% | -10.20% | -12.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.28% | 7.26% | +3.02% |
Volatility
PCTN.L vs. LMP.L - Volatility Comparison
Picton Property Income Ltd (PCTN.L) and LondonMetric Property plc (LMP.L) have volatilities of 5.15% and 4.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PCTN.L | LMP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 4.98% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 14.22% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.15% | 18.06% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.28% | 24.56% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.48% | 23.52% | +4.96% |
Dividends
PCTN.L vs. LMP.L - Dividend Comparison
PCTN.L's dividend yield for the trailing twelve months is around 5.28%, less than LMP.L's 6.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMP.L LondonMetric Property plc | 6.46% | 6.54% | 6.16% | 5.07% | 5.48% | 3.12% | 3.71% | 3.55% | 4.60% | 4.09% | 4.73% | 3.35% |
PCTN.L Picton Property Income Ltd | 5.28% | 5.09% | 5.70% | 5.06% | 4.38% | 3.24% | 3.76% | 3.61% | 4.11% | 4.06% | 4.36% | 4.56% |
Financials
PCTN.L vs. LMP.L - Financials Comparison
This section allows you to compare key financial metrics between Picton Property Income Ltd and LondonMetric Property plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PCTN.L vs. LMP.L - Profitability Comparison
PCTN.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Picton Property Income Ltd reported a gross profit of 17.51M and revenue of 25.56M. Therefore, the gross margin over that period was 68.5%.
LMP.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, LondonMetric Property plc reported a gross profit of 233.80M and revenue of 238.90M. Therefore, the gross margin over that period was 97.9%.
PCTN.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Picton Property Income Ltd reported an operating income of 13.43M and revenue of 25.56M, resulting in an operating margin of 52.5%.
LMP.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, LondonMetric Property plc reported an operating income of 217.10M and revenue of 238.90M, resulting in an operating margin of 90.9%.
PCTN.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Picton Property Income Ltd reported a net income of 10.71M and revenue of 25.56M, resulting in a net margin of 41.9%.
LMP.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, LondonMetric Property plc reported a net income of 165.40M and revenue of 238.90M, resulting in a net margin of 69.2%.
Frequently Asked Questions
PCTN.L and LMP.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for PCTN.L and LMP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer