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Derwent London

Current Price 3144.00p Bid 3142.00p Ask 3147.00p Change -0.77%
Last Updated: 20/02/2019 09:02. Prices delayed by at least 15 minutes.
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Company Overview

Derwent London plc (formerly Derwent Valley plc) owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £5.0 billion (including joint ventures) as at 30 Jun 2018, making it the largest London-focused real estate investment trust (REIT). It typically acquires central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt. Landmark schemes in its 5.5 million sq ft portfolio include White Collar Factory EC1, Angel Building EC1, The Buckley Building EC1, 1-2 Stephen Street W1, Horseferry House SW1 and Tea Building E1.

Financial Highlights Year Ended 31/12/2017

Turnover
£202.60m
Operating Profit
£334.80m
Dividend Yield
1.92
Dividend Per Share
59.73
Dividend Cover
4.58
P/E Ratio
11.34

Key Personnel

John David Burns
Chief Executive Officer
Nigel Quentin George
Executive Director
Simon Paul Silver
Executive Director
Paul Malcolm Williams
Executive Director
David Gary Silverman
Executive Director
Damian Mark Alan Wisniewski
Finance Director
Robert Anthony Rayne
Non-Executive Chairman
Lucinda Margaret Bell
Non-Executive Director
Claudia Isobel Arney
Non-Executive Director
Richard David Charles Dakin
Non-Executive Director
Simon William Fraser
Non-Executive Director
Helen Christine Gordon
Non-Executive Director
Stephen Gareth Young
Non-Executive Director
Priscilla Deborah Snowball
Non-Executive Director

Stock Details

EPIC
DLN
ISIN
GB0002652740
Shares in Issue
111,539,937
Market cap
£3,564.82m

Analyst Views (8)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
62.50%
Sell
 
25.00%
Strong Sell
 
12.50%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
3144.50p
Bid Price
3142.00p
Ask Price
3147.00p
Volume
9567
Change Today
-24.50p
% Change Today
-0.77%
Open
3177.00p
Previous Close
3169.00p
Intraday High
3177.00p
Intraday Low
3138.00p
52 Week High
3297.00p
52 Week Low
2745.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Derwent London Intra-day Chart

Derwent London News

News in this section is provided by AJ Bell

Broker Forecast - RBC Capital Markets issues a broker note on Derwent London 12 Feb 2019 | 08:50 Broker Forecast - Citigroup issues a broker note on Derwent London 25 Jan 2019 | 13:50 Broker Forecast - Goldman Sachs issues a broker note on Derwent London 25 Jan 2019 | 13:40 Broker Forecast - HSBC issues a broker note on Derwent London 24 Jan 2019 | 14:50 Broker Forecast - Goldman Sachs issues a broker note on Derwent London 18 Dec 2018 | 10:50 Broker Forecast - Barclays Capital issues a broker note on Derwent London 11 Dec 2018 | 10:50 Derwent London secures £250m debt funding 22 Nov 2018 | 10:06 Broker Forecast - Exane BNP Paribas issues a broker note on Derwent London 11 Sep 2018 | 12:40 Director Deals - Derwent London (DLN) 28 Aug 2018 | 16:50 Broker Forecast - Numis issues a broker note on Derwent London 10 Aug 2018 | 09:20 UK stocks edge lower amid geopolitical tensions 09 Aug 2018 | 09:25 Derwent hikes dividend 10% despite reporting modest net rental income growth 09 Aug 2018 | 07:48 Broker Forecast - UBS issues a broker note on Derwent London 20 Jul 2018 | 10:10 Broker Forecast - Numis issues a broker note on Derwent London 10 May 2018 | 11:10 Derwent London lettings up in Q1 10 May 2018 | 09:07 Broker Forecast - Exane BNP Paribas issues a broker note on Derwent London 05 Apr 2018 | 12:30 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:05 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:05 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:05 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:05 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:00 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:00 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:00 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:00 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:00 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:00 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:00 Director Deals - Derwent London (DLN) 04 Apr 2018 | 17:00 Director Deals - Derwent London (DLN) 26 Mar 2018 | 15:15 Director Deals - Derwent London (DLN) 26 Mar 2018 | 15:10

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Tangible Assets
52.2
38.1
Intangible Assets & Goodwill
0.0
0.0
Investments & Other Non-Current Assets
4,815.6
4,948.9
Total Non-Current Assets
4,867.8
4,987.0
Inventory
25.3
11.7
Trade & Receivables
58.0
38.5
Cash & Receivables
87.0
17.7
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
5,038.1
5,054.9

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Short Term Liabilities
89.0
112.0
Long Term Liabilities
755.9
943.5
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
844.9
1,055.5

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Net Assets
4,193.2
3,999.4

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Share Capital
5.6
5.6
Minority Interests
64.9
67.1
Retained Earnings
2,990.6
2,787.9
Share Premium Account
189.2
188.4
Other Equity
942.9
950.4
Total Equity
4,193.2
3,999.4

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Cashflow from Operating Activities
83.5
77.7
Cashflow Before Financing
367.5
68.2
Increase / Decrease in Cash
69.3
11.2

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2017
31 Dec 2016
Turnover
202.6
193.7
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
334.8
88.7
Pre-Tax Profit
314.8
54.5
Profit / Loss for the Year
313.0
53.6

Dividend History

Data has been provided by AJ Bell

Period
Ex-Dividend Date
Payment Date
H1 Dividend
13 Sep 2018
19 Oct 2018
Special Dividend
03 May 2018
08 Jun 2018
H2 Dividend
03 May 2018
08 Jun 2018
H1 Dividend
14 Sep 2017
20 Oct 2017
Special Dividend
04 May 2017
09 Jun 2017
H2 Dividend
04 May 2017
09 Jun 2017
H1 Dividend
15 Sep 2016
21 Oct 2016
H2 Dividend
05 May 2016
10 Jun 2016
H1 Dividend
17 Sep 2015
22 Oct 2015
H2 Dividend
07 May 2015
12 Jun 2015
H1 Dividend
17 Sep 2014
23 Oct 2014
H2 Dividend
07 May 2014
13 Jun 2014
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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