PineappleCorp publishes 2026 annual report

• Pineapple Corporation published its annual report for the year ended March 31, 2026, as a high-rate UK market stalled planned residential disposals.
• Strategy shifted to rental maximization, lease renewals, cost cuts; underlying profitability improved despite weaker residential valuations.
• Portfolio value edged lower, with gains in commercial assets offset by declines in London residential holdings.
• Development at the Lombard Road site moved forward, targeting completion in 2027 to add about GBP 650,000 of annual rent roll.
• Distributions held steady at 16p per share, maintaining income focus while awaiting better conditions to rebalance toward higher-yielding commercial property.

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