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Derwent London (LON:DLN) Announces Earnings Results

Derwent London logo with Real Estate background

Key Points

  • Derwent London reported quarterly earnings of GBX 52.20 ($0.70) per share, experiencing a negative return on equity of 10.41% and a negative net margin of 129.56%.
  • The company's shares opened at GBX 1,830 ($24.58) and have a current market capitalization of £2.05 billion, with a price-to-earnings ratio of -5.68.
  • Despite the earnings report, Shore Capital reiterated a "buy" rating on Derwent London's shares, indicating ongoing confidence in the company’s performance.
  • Looking to export and analyze Derwent London data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Derwent London (LON:DLN - Get Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported GBX 52.20 ($0.70) EPS for the quarter, Digital Look Earnings reports. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%.

Derwent London Trading Down 4.6%

Shares of DLN opened at GBX 1,830 ($24.58) on Tuesday. Derwent London has a 12-month low of GBX 1,665 ($22.36) and a 12-month high of GBX 2,530 ($33.98). The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68. The firm has a market capitalization of £2.05 billion, a price-to-earnings ratio of -5.68, a P/E/G ratio of 23.10 and a beta of 1.03. The stock's 50-day moving average price is GBX 1,974.90 and its 200 day moving average price is GBX 1,921.64.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "buy" rating on shares of Derwent London in a report on Monday.

Check Out Our Latest Stock Report on DLN

Derwent London Company Profile

(Get Free Report)

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our 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.

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