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Derwent London

Current Price 2880.26p Bid 2871.00p Ask 2872.00p Change 0.83%
Last Updated: 24/02/2018 18:02. Prices delayed by at least 15 minutes.
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Company Overview

Derwent London plc (formerly Derwent Valley plc) owns 89 buildings in a commercial real estate portfolio predominantly in central London valued at £4.8 billion (including joint ventures) as at 30 June 2017, making it the largest London-focused real estate investment trust (REIT). Its experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling. 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 our 5.6 million sq ft portfolio include Angel Building EC1, The Buckley Building EC1, White Collar Factory EC1, 1-2 Stephen Street W1, Horseferry House SW1 and Tea Building E1.

Financial Highlights Year Ended 31/12/2016

Turnover
£193.70m
Operating Profit
£88.70m
Dividend Yield
1.96
Dividend Per Share
52.36
Dividend Cover
0.94
P/E Ratio
54.09

Key Personnel

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

Stock Details

EPIC
DLN
ISIN
GB0002652740
Shares in Issue
111,474,821
Market cap
£3,179.26m

Analyst Views (8)

Strong Buy
 
25.00%
Buy
 
12.50%
Hold
 
50.00%
Sell
 
12.50%
Strong Sell
 
0.00%
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
2871.50p
Bid Price
2871.00p
Ask Price
2872.00p
Volume
487785
Change Today
23.50p
% Change Today
0.83%
Open
2848.00p
Previous Close
2872.00p
Intraday High
2898.00p
Intraday Low
2848.00p
52 Week High
3133.00p
52 Week Low
2574.00p
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 MoneyAM

Broker Forecast - Deutsche Bank issues a broker note on Derwent London 12 Feb 2018 | 09:50 Derwent London handed new tube site 17 Jan 2018 | 13:33 Broker Forecast - JP Morgan Cazenove issues a broker note on Derwent London 15 Jan 2018 | 11:00 Broker Forecast - Liberum Capital issues a broker note on Derwent London 08 Jan 2018 | 08:20 Broker Forecast - Credit Suisse issues a broker note on Derwent London 06 Dec 2017 | 13:50 Grainger CEO joins Derwent London board 22 Nov 2017 | 09:11 Derwent London set for record letting year 09 Nov 2017 | 08:20 Derwent London appoints company secretary 03 Oct 2017 | 08:37 Broker Forecast - Deutsche Bank issues a broker note on Derwent London 11 Sep 2017 | 08:10 Derwent London secures further major pre-lets 11 Sep 2017 | 07:45 FLASH: Derwent London secures further major pre-lets 11 Sep 2017 | 07:09 Derwent London hikes divi after strong H1 10 Aug 2017 | 08:12 FLASH: Derwent London net rental income up 9.2% 10 Aug 2017 | 07:12 Broker Forecast - Liberum Capital issues a broker note on Derwent London 01 Aug 2017 | 08:40 Derwent London sells The Copyright Building for £165m 03 Jul 2017 | 07:40 FLASH: Derwent London sells The Copyright Building 03 Jul 2017 | 07:13 All resolutions passed at AGM of Derwent London 23 May 2017 | 13:10 Broker Forecast - Barclays Capital issues a broker note on Derwent London 03 May 2017 | 09:40 Broker Forecast - Jefferies International issues a broker note on Derwent London 26 Apr 2017 | 12:20 Goldman revisits its stance on UK REITS 19 Apr 2017 | 16:43 Broker Forecast - Goldman Sachs issues a broker note on Derwent London 19 Apr 2017 | 13:20 Director Deals - Derwent London (DLN) 30 Mar 2017 | 17:55 Director Deals - Derwent London (DLN) 30 Mar 2017 | 17:55 Director Deals - Derwent London (DLN) 30 Mar 2017 | 17:55 Director Deals - Derwent London (DLN) 30 Mar 2017 | 17:55 Director Deals - Derwent London (DLN) 30 Mar 2017 | 17:50 Director Deals - Derwent London (DLN) 30 Mar 2017 | 17:50 Director Deals - Derwent London (DLN) 30 Mar 2017 | 17:50 Director Deals - Derwent London (DLN) 30 Mar 2017 | 17:50 Director Deals - Derwent London (DLN) 30 Mar 2017 | 17:45

Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Tangible Assets
38.1
39.1
Intangible Assets & Goodwill
0.0
0.0
Investments & Other Non-Current Assets
4,948.9
4,954.8
Total Non-Current Assets
4,987.0
4,993.9
Inventory
11.7
0.0
Trade & Receivables
38.5
52.7
Cash & Receivables
17.7
6.5
Other Current Assets & Assets Held for Resale
0.0
10.5
Total Assets
5,054.9
5,063.6

Liabilities (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Short Term Liabilities
112.0
126.4
Long Term Liabilities
943.5
941.8
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
1,055.5
1,068.2

Net Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Net Assets
3,999.4
3,995.4

Equity (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Share Capital
5.6
5.6
Minority Interests
67.1
72.9
Retained Earnings
2,787.9
2,777.7
Share Premium Account
188.4
186.3
Other Equity
950.4
952.9
Total Equity
3,999.4
3,995.4

Cashflow (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Cashflow from Operating Activities
77.7
76.0
Cashflow Before Financing
68.2
-10.3
Increase / Decrease in Cash
11.2
-8.3

Income (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Turnover
193.7
204.9
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
88.7
808.8
Pre-Tax Profit
54.5
779.5
Profit / Loss for the Year
53.6
777.2

Dividend History

Data has been provided by MoneyAM

Period
Ex-Dividend Date
Payment Date
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
H1 Dividend
18 Sep 2013
24 Oct 2013
H2 Dividend
08 May 2013
14 Jun 2013
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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