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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 | EBIT |
| 67.50M | -428.90M | 163.70M | 153.00M | 145.70M | 142.80M | EBITDA |
| 153.40M | -438.00M | -242.40M | 277.10M | -55.50M | 311.70M | Net Income Common Stockholders |
| -360.70M | -476.40M | -280.50M | 252.30M | -77.60M | 283.40M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 73.00M | 73.00M | 76.60M | 105.50M | 50.70M | 54.50M | Total Assets |
| 5.03B | 5.03B | 5.51B | 5.91B | 5.53B | 5.63B | Total Debt |
| 1.37B | 1.37B | 1.28B | 1.32B | 1.10B | 1.04B | Net Debt |
| 1.30B | 1.30B | 1.21B | 1.21B | 1.05B | 981.60M | 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | £2.78B | 10.31 | 7.05% | 2.44% | 12.79% | -74.41% | |
73 Outperform | £2.13B | 18.40 | 3.29% | 4.24% | 3.70% | ― | |
71 Outperform | £8.85B | 14.64 | 5.18% | 4.48% | -9.88% | ― | |
68 Neutral | £3.82B | 21.01 | 3.17% | 5.98% | -30.83% | ― | |
64 Neutral | £1.32B | 10.76 | 6.47% | 2.06% | -2.73% | 91.05% | |
60 Neutral | $2.76B | 10.33 | 0.49% | 8508.28% | 5.95% | -17.56% | |
47 Neutral | £4.47B | 11.30 | 6.13% | 6.64% | -1.73% | ― |
Derwent London plc REIT Corporate Events
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.
Derwent London plc has announced that its issued share capital consists of 112,290,929 ordinary shares, each with voting rights, and the company holds no treasury shares. This information is crucial for shareholders to calculate their interests in compliance with the FCA’s Disclosure and Transparency Rules, impacting how they manage their investments in the company.
Derwent London plc announced it will release its Q1 2025 Business Update on May 8, 2025. The company will not hold a webcast or conference call but will have management available for inquiries throughout the day. This update is part of Derwent London’s ongoing efforts to keep stakeholders informed about its operations and strategic direction, reflecting its strong market position and commitment to transparency.
Derwent London plc has announced changes to the interests of its directors in the company’s ordinary shares, as part of its Annual Bonus Plan. The plan involves deferring a portion of the 2024 annual bonus into shares, which will be released after three years, contingent on continued employment. This move aligns with Market Abuse Regulations and aims to incentivize and retain key personnel, potentially impacting the company’s operational stability and stakeholder confidence.
Derwent London plc announced changes to the interests of its directors through the granting of share-based awards under the Derwent London Performance Share Plan 2014. These awards, structured as nil cost options, are set to vest in 2028 contingent upon meeting specific performance conditions by the end of 2027. This move is part of the company’s strategy to align management incentives with long-term performance goals, potentially impacting the company’s operational focus and stakeholder interests.
Derwent London plc announced its current issued share capital, consisting of 112,290,929 ordinary shares with voting rights, as part of its compliance with the Disclosure and Transparency Rule 5.6.1. This announcement is significant for shareholders as it provides the necessary information for them to assess their interests in the company, ensuring transparency and regulatory compliance.
Derwent London plc reported strong financial results for the year ending December 2024, driven by significant rental growth and strategic portfolio reshaping. The company achieved a 4.3% increase in rental values, the highest since 2016, and a positive total return of 3.2%. Key developments included the acquisition of a joint venture partner’s stake at 50 Baker Street and full pre-letting of office space at 25 Baker Street. The company anticipates continued growth with a projected portfolio ERV increase of 3% to 6% in 2025, supported by its extensive development pipeline and London’s robust office demand.