Top Page
Derwent London plc REIT
(LSE:DLN)
Derwent London plc REIT (DLN) vs. iShares MSCI United Kingdom ETF (EWC)
Derwent London plc REIT Business Overview & Revenue Model
Derwent London plc REIT Financial Statement Overview
| Breakdown | TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 278.40M | 267.80M | 249.00M | 240.30M | 266.90M | 227.60M |
| Gross Profit | 201.60M | 195.30M | 192.50M | 188.00M | 196.60M | 179.20M |
| EBITDA | 153.40M | -438.00M | -242.40M | 277.10M | -55.50M | 311.70M |
| Net Income | -360.70M | -476.40M | -280.50M | 252.30M | -77.60M | 283.40M |
Balance Sheet | ||||||
| Total Assets | 5.03B | 5.03B | 5.51B | 5.91B | 5.53B | 5.63B |
| Cash, Cash Equivalents and Short-Term Investments | 73.00M | 73.00M | 76.60M | 105.50M | 50.70M | 54.50M |
| Total Debt | 1.37B | 1.37B | 1.28B | 1.32B | 1.10B | 1.04B |
| Total Liabilities | 1.52B | 1.52B | 1.43B | 1.47B | 1.22B | 1.16B |
| Stockholders Equity | 3.51B | 3.51B | 4.08B | 4.44B | 4.26B | 4.42B |
Cash Flow | ||||||
| Free Cash Flow | 96.10M | 96.30M | 109.40M | 127.30M | 85.40M | 127.10M |
| Operating Cash Flow | 96.60M | 97.00M | 111.40M | 128.90M | 85.80M | 127.40M |
| Investing Cash Flow | -99.10M | -98.00M | -51.70M | -240.00M | -62.40M | -74.60M |
| Financing Cash Flow | -12.70M | -2.60M | -88.60M | 128.10M | -27.20M | -16.60M |
Derwent London plc REIT Technical Analysis
Derwent London plc REIT Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £2.24B | 19.29 | 3.29% | 4.13% | 3.70% | ― | |
76 Outperform | £2.95B | 10.94 | 7.05% | 4.49% | 12.79% | -74.41% | |
68 Neutral | £9.11B | 15.07 | 5.18% | 6.00% | -9.88% | ― | |
65 Neutral | $1.98B | 17.43 | 2.40% | 5.22% | -0.31% | 5.93% | |
64 Neutral | £1.40B | 11.49 | 6.47% | 2.11% | -2.73% | 91.05% | |
63 Neutral | £3.65B | 10.39 | 6.14% | 4.30% | -20.83% | ― | |
47 Neutral | £4.46B | 11.26 | 6.13% | 6.09% | -1.73% | ― |
Derwent London plc REIT Corporate Events
Derwent London plc announced its current issued share capital, consisting of 112,290,929 ordinary shares with voting rights, and confirmed it holds no treasury shares. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure and Transparency Rules, impacting how they manage their interests in the company.
The most recent analyst rating on (GB:DLN) stock is a Buy with a £2600.00 price target. To see the full list of analyst forecasts on Derwent London plc REIT stock, see the GB:DLN Stock Forecast page.
Derwent London has announced a significant lease extension and expansion with Adobe at the White Collar Factory, EC1. Adobe has increased its space by 25% to 67,000 sq ft and extended its lease until 2038, with a break option in 2033. This deal, which raises the overall rent to £4.5 million, underscores the value of high-quality office spaces and highlights the strength of Derwent London’s portfolio and the buoyancy of London’s office market.
The most recent analyst rating on (GB:DLN) stock is a Buy with a £2600.00 price target. To see the full list of analyst forecasts on Derwent London plc REIT stock, see the GB:DLN Stock Forecast page.
Derwent London plc has announced the full redemption of its £175 million 1.5% convertible bonds due in 2025, utilizing existing liquidity resources without converting any bonds into equity. This action leaves the Group’s net debt position unchanged, indicating a stable financial strategy and potentially reinforcing its market confidence and operational stability.
The most recent analyst rating on (GB:DLN) stock is a Buy with a £2600.00 price target. To see the full list of analyst forecasts on Derwent London plc REIT stock, see the GB:DLN Stock Forecast page.
Derwent London plc has announced a change in the voting rights held by the Canada Pension Plan Investment Board, which has decreased its stake from 3.09% to 2.98%. This adjustment in holdings reflects a minor shift in the company’s shareholder structure, which may influence future corporate governance and decision-making processes.
The most recent analyst rating on (GB:DLN) stock is a Buy with a £2600.00 price target. To see the full list of analyst forecasts on Derwent London plc REIT stock, see the GB:DLN Stock Forecast page.
Derwent London plc has successfully priced a £250 million 7-year senior unsecured bond with a 5.25% interest rate, which will be listed on the London Stock Exchange. The proceeds will be used to repay existing credit facilities, refinance near-term debt, and fund development projects, including the upcoming Holden House W1 project. This bond issuance extends the company’s weighted average debt maturity to approximately 5 years, reflecting strong market confidence and supporting its strategic growth initiatives.
The most recent analyst rating on (GB:DLN) stock is a Buy with a £2600.00 price target. To see the full list of analyst forecasts on Derwent London plc REIT stock, see the GB:DLN Stock Forecast page.
Derwent London plc reports strong demand in the central London office market, with significant leasing and asset management transactions completed or under offer. The company highlights the progress of key developments like 25 Baker Street W1 and Network W1, with pre-letting success and ongoing discussions with potential occupiers. The firm maintains a low vacancy rate and continues to focus on asset recycling to fund its development pipeline. Financially, Derwent London has reduced its net debt slightly and secured a new loan facility, positioning itself well for future market conditions.
Derwent London plc has announced the annual meeting of the bondholders of London Merchant Securities Limited’s £175 million 6.50% secured bonds due in 2026. The meeting, scheduled for June 18, 2025, will be attended by key financial executives of Derwent London, including the CFO and other directors, and will feature a presentation and Q&A session. This meeting is significant for stakeholders as it provides an opportunity to engage with the company’s financial leadership and gain insights into the company’s financial strategies and future outlook.
Derwent London plc has announced that its issued share capital consists of 112,290,929 ordinary shares, each with voting rights, and holds no treasury shares. This update is crucial for shareholders as it provides the denominator for calculating their required notifications of interest changes under the FCA’s Disclosure and Transparency Rules, impacting how stakeholders manage their investments in the company.
Derwent London plc has released its 2025 Annual General Meeting (AGM) notice and 2024 Report & Accounts, which are now accessible to shareholders online. The company has also published its 2024 Responsibility Report, highlighting its ongoing commitment to transparency and sustainability. These publications underscore Derwent London’s strategic focus on maintaining robust financial health and industry leadership, with the AGM set to take place on 16 May 2025, allowing shareholders to engage directly with the company’s directors.
Derwent London plc has announced a block listing application for 240,000 ordinary shares to be admitted to the Official List, with the shares being reserved under the Performance Share Plan 2023. This move is expected to enhance the company’s capital structure and support its strategic initiatives, potentially impacting its market positioning and providing value to stakeholders.