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Derwent London

Current Price 3984.00p Bid 3980.00p Ask 3984.00p Change 6.70%
Last Updated: 13/12/2019 12:38. Prices delayed by at least 15 minutes.
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Company Overview

Derwent London plc (formerly Derwent Valley plc) owns 84 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 30 JUne 2019, 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 31/12/2018

Turnover
£228.00m
Operating Profit
£242.20m
Dividend Yield
1.81
Dividend Per Share
65.85
Dividend Cover
2.94
P/E Ratio
18.83

Key Personnel

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

Stock Details

EPIC
DLN
ISIN
GB0002652740
Shares in Issue
111,753,512
Market cap
£4,195.23m

Analyst Views (9)

Strong Buy
 
33.33%
Buy
 
0.00%
Hold
 
33.33%
Sell
 
22.22%
Strong Sell
 
11.11%
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
3982.00p
Bid Price
3980.00p
Ask Price
3984.00p
Volume
408620
Change Today
250.00p
% Change Today
6.70%
Open
3950.00p
Previous Close
3732.00p
Intraday High
4082.00p
Intraday Low
3904.00p
52 Week High
3870.00p
52 Week Low
2779.00p
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 - Goldman Sachs issues a broker note on Derwent London 10 Dec 2019 | 14:50 Broker Forecast - JP Morgan Cazenove issues a broker note on Derwent London 02 Dec 2019 | 10:40 Broker Forecast - Morgan Stanley issues a broker note on Derwent London 28 Nov 2019 | 13:20 Director Deals - Derwent London (DLN) 15 Nov 2019 | 16:20 Derwent posts rise in lettings activity as vacancy rates fall 07 Nov 2019 | 07:36 Broker Forecast - Goldman Sachs issues a broker note on Derwent London 05 Nov 2019 | 13:20 Broker Forecast - Barclays Capital issues a broker note on Derwent London 04 Nov 2019 | 11:40 Derwent secures new five-year £450m credit facility 31 Oct 2019 | 08:42 Director Deals - Derwent London (DLN) 16 Oct 2019 | 17:25 Broker Forecast - Berenberg issues a broker note on Derwent London 10 Oct 2019 | 08:50 Director Deals - Derwent London (DLN) 01 Oct 2019 | 11:40 Broker Forecast - Credit Suisse issues a broker note on Derwent London 25 Jun 2019 | 11:40 Director Deals - Derwent London (DLN) 20 Jun 2019 | 17:30 Broker Forecast - Barclays Capital issues a broker note on Derwent London 18 Jun 2019 | 08:10 Broker Forecast - Goldman Sachs issues a broker note on Derwent London 04 Jun 2019 | 12:10 Derwent hails 'strong' occupier demand as lettings grow in Q1 09 May 2019 | 08:52 Broker Forecast - Numis issues a broker note on Derwent London 01 May 2019 | 09:20 Derwent London pre-lets first office at Soho Place 30 Apr 2019 | 08:26 Broker Forecast - Deutsche Bank issues a broker note on Derwent London 24 Apr 2019 | 09:10 Derwent London says Brunel Building office space fully pre-let 28 Mar 2019 | 07:13 Broker Forecast - Morgan Stanley issues a broker note on Derwent London 14 Mar 2019 | 14:10 Broker Forecast - UBS issues a broker note on Derwent London 13 Mar 2019 | 10:00 Broker Forecast - JP Morgan Cazenove issues a broker note on Derwent London 13 Mar 2019 | 09:10 Broker Forecast - Deutsche Bank issues a broker note on Derwent London 04 Mar 2019 | 09:00 Derwent profits slide on lower uplifts on revaluation and disposals 26 Feb 2019 | 08:42 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

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
53.1
52.2
Intangible Assets & Goodwill
0.0
0.0
Investments & Other Non-Current Assets
5,180.7
4,815.6
Total Non-Current Assets
5,233.8
4,867.8
Inventory
36.3
25.3
Trade & Receivables
61.4
58.0
Cash & Receivables
18.3
87.0
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
5,349.8
5,038.1

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
253.9
89.0
Long Term Liabilities
832.5
755.9
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
1,086.4
844.9

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
4,263.4
4,193.2

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
5.6
5.6
Minority Interests
61.5
64.9
Retained Earnings
3,063.2
2,990.6
Share Premium Account
189.6
189.2
Other Equity
943.5
942.9
Total Equity
4,263.4
4,193.2

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
115.2
83.5
Cashflow Before Financing
-93.9
367.5
Increase / Decrease in Cash
-68.7
69.3

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
228.0
202.6
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
242.2
334.8
Pre-Tax Profit
221.6
314.8
Profit / Loss for the Year
218.9
313.0

Dividend History

Data has been provided by AJ Bell

Period
Ex-Dividend Date
Payment Date
H1 Dividend
12 Sep 2019
18 Oct 2019
H2 Dividend
02 May 2019
07 Jun 2019
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
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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