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Derwent London

Current Price 2010.00p Bid 2004.00p Ask 2012.00p Change 0.60%
Last Updated: 26/04/2024 08:05. Prices delayed by at least 15 minutes.
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Company Overview

Derwent London is one of London's most innovative office specialist property regenerators and investors and is well known for its design-led philosophy and creative management approach to development. Our appealing designs attract a range of tenants, including those from creative industries.The Group owns and manages an investment portfolio of 5.5 million sq ft, of which 99% is located in central London, with a specific focus on the West End and the areas bordering the City of London, with the latter principally in the Tech Belt.

Financial Highlights Year Ended 31/12/2023

Revenue
£265.90m
Operating Profit/Loss
£-428.90m
Dividend yield (%)
3.40
Total dividend for year
n/ap
Dividend cover
1.28
P/E Ratio
23.20
More Financials

Key Personnel

Mr Paul M. Williams
Chief Executive Officer
Mr Nigel Q George
Executive Director
Ms Emily Prideaux
Executive Director
Mr Damian Wisniewski
Finance Director
Mr Mark Breuer
Independent Non-Executive Director
Mr Sanjeev Sharma
Independent Non-Executive Director
Mrs Lucinda Bell
Independent Non-Executive Director
Ms Cilla Snowball
Independent Non-Executive Director
Ms Helen Gordon
Independent Non-Executive Director
Ms Claudia Arney
Non-Executive Director

Stock Details

EPIC
DLNL
ISIN
GB0002652740
Shares in Issue
111.17m
Market cap
£2,234.56m

Analyst Views (1)

Strong Buy
 
0%
Buy
 
0%
Hold
 
100.00%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
2,010.00p
Bid Price
2,004.00p
Ask Price
2,012.00p
Volume
273
Change Today
12.00p
% Change Today
0.60%
Open
2,018.00p
Previous Close
1,998.00p
Intraday High
2,018.00p
Intraday Low
2,010.00p
52 Week High
2,408.00p
52 Week Low
1,780.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

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Income Statement

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
265.90
248.80
Operating Profit/Loss
-428.90
-238.30
Net Interest
-39.50
-39.40
Pre-Tax Profit
-475.90
-279.50
Profit After Tax from continuing operations
-476.40
-280.50
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
-476.40
-280.50
Attributable to:
Equity Holders of Parent Company
-476.40
-280.50
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2023
31 Dec 2022
Basic
-424.25p
-249.84p
Diluted
-424.25p
-249.84p
Adjusted
102.00p
106.60p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
49.90
54.30
Intangible Assets
n/a
n/a
Investment Properties
4,551.40
5,002.00
Investments
35.80
43.90
Other Financial Assets
2.90
5.00
Other Non-Current Assets
203.00
189.30
Current Assets
Inventories
68.90
41.70
Trade & Other Receivables
42.70
42.40
Cash at Bank & In Hand
73.00
76.60
Current Asset Investments
n/a
n/a
Other Current Assets
0.40
n/a
Other Assets
n/a
54.20
Total Assets
5,028.00
5,509.40

Liabilities

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
103.30
20.20
Other Current Liabilities
148.10
149.00
Total Current Liabilities
251.40
169.20
Non-Current Liabilities
Borrowings
1,267.40
1,263.90
Provisions
0.40
0.80
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
1,267.80
1,264.70
Other Liabilities
n/a
n/a
Total Liabilities
1,519.20
1,433.90

Net Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Net Assets
3,508.80
4,075.50

Capital & Reserves

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Share Capital
5.60
5.60
Share Premium Account
196.60
196.60
Other Reserves
939.30
941.90
Retained Earnings
2,367.30
2,931.40
Shareholders Funds
3,508.80
4,075.50
Minority Interests/Other Equity
n/a
n/a
Total Equity
3,508.80
4,075.50

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
25 Apr 2024
31 May 2024
55.00p
Interim
07 Sep 2023
13 Oct 2023
24.50p
Final
27 Apr 2023
02 Jun 2023
54.50p
Interim
08 Sep 2022
14 Oct 2022
24.00p
Final
28 Apr 2022
01 Jun 2022
53.50p
Interim
09 Sep 2021
15 Oct 2021
23.00p
Final
29 Apr 2021
04 Jun 2021
52.45p
Interim
10 Sep 2020
16 Oct 2020
22.00p
Final
30 Apr 2020
05 Jun 2020
51.45p
Interim
12 Sep 2019
18 Oct 2019
21.00p
Final
02 May 2019
07 Jun 2019
46.75p
Interim
13 Sep 2018
19 Oct 2018
19.10p
Final
03 May 2018
08 Jun 2018
42.40p
Final
03 May 2018
08 Jun 2018
42.40p
Special
03 May 2018
08 Jun 2018
75.00p
Interim
14 Sep 2017
20 Oct 2017
17.33p
Final
04 May 2017
09 Jun 2017
38.50p
Final
04 May 2017
09 Jun 2017
38.50p
Interim
15 Sep 2016
21 Oct 2016
13.86p
Final
05 May 2016
10 Jun 2016
30.80p
Interim
17 Sep 2015
22 Oct 2015
12.60p

Dividend Metrics

Year End Date
31 Dec 2023
31 Dec 2022
Dividend growth
1.27%
2.61%
Dividend yield
3.40%
3.30%
Dividend cover
1.28
1.36


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