Derwent London plc REIT (GB:DLN) has released an update.
Derwent London plc has reported a robust first half of 2024, with rental growth for prime office spaces accelerating and investment yields stabilizing, leading to an upgraded rental guidance of 3% to 6%. Despite a slight decrease in EPRA NTA per share, the company has achieved a strong leasing performance with £8.8 million in new rent, and an overall increase in gross rental income by 1.5% compared to the previous year. Derwent London is optimistic about delivering attractive total returns in the coming years, buoyed by a strong balance sheet and a strategic focus on design-led, amenity-rich office spaces in London’s West End.
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