Derwent London (DLN) Share Price, News & Analysis

Company Overview

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. We typically acquire 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. We capitalise on the unique qualities of each of our properties - taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design. Reflecting and supporting our long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing. As part of our commitment to lead the industry in mitigating climate change, Derwent London has committed to becoming a net zero carbon business by 2030, publishing its pathway to achieving this goal in July 2020. In 2019 the Group became the first UK REIT to sign a Revolving Credit Facility with a 'green' tranche. At the same time, we also launched our Green Finance Framework and signed the Better Buildings Partnership's climate change commitment. The Group is a member of the 'RE100' which recognises Derwent London as an influential company, committed to 100% renewable power by purchasing renewable energy, a key step in becoming a net zero carbon business. Derwent London is one of the property companies worldwide to have science-based carbon targets validated by the Science Based Targets initiative (SBTi). Landmark buildings in our 5.4 million sq ft portfolio include 1 Soho Place W1, 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1, 1-2 Stephen Street W1, Horseferry House SW1 and Tea Building E1. In January 2022 we were proud to announce that we had achieved the National Equality Standard - the UK's highest benchmark for equality, diversity and inclusion. In May 2023 we were recognised on the Sunday Times Best Places to Work List 2023 within the medium-sized organisation category and in the following month we won two OAS awards - West End New Build for Soho Place W1 and Developer of the Year whilst we were also highly commended for The Featherstone Building in the City New Build category. In October 2023, White Collar Factory EC1 won the BCO's Test of Time 2023 award, Soho Place W1 won the British Construction Industry Awards' Best Commercial Property Project of the Year and Derwent London was awarded the EG Employer Award. In March 2023 we placed in the top three of the Property Sector in Management Today's Britain's Most Admired Companies awards 2022. In October 2022, 80 Charlotte Street won the BCO's Best National Commercial Workplace award 2022. In 2013 the Company launched a voluntary Community Fund which has to date supported over 160 community projects in the West End and the Tech Belt. The Company is a public limited company, which is listed on the London Stock Exchange and incorporated and domiciled in the UK. The address of its registered office is 25 Savile Row, London, W1S 2ER.

Key Stats

• Today's Range: 2,098 to 2,136
• 50-Day Range: 1,721 to 2,116
• 52-Week Range: 1,469.33 to 2,136
• Volume: 433,396 shs
• Average Volume: 2.11 million shs
• Market Capitalization: £2.34 billion
• P/E Ratio: 14.66
• Dividend Yield: 3.85%
• Price Target: GBX 1,956.50
• Consensus Rating: Hold

Derwent London Stock Analysis - MarketRank™

Derwent London scored higher than 41% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.7 / 5
• Analyst Rating: Hold

Consensus Rating

Derwent London has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on no strong buy ratings, 4 buy ratings, 3 hold ratings, and 2 sell ratings.

Downside Risk

Derwent London has a consensus price target of GBX 1,956.50, representing about 7.0% downside from its current price of GBX 2,104.

Amount of Analyst Coverage

Derwent London has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Derwent London is 14.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 46.01.

Price to Earnings Ratio vs. Sector

The P/E ratio of Derwent London is 14.66, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 36.03.

Price to Earnings Growth Ratio

Derwent London has a PEG Ratio of 23.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Derwent London has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for DLN.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Derwent London is a leading dividend payer. It pays a dividend yield of 3.85%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Derwent London does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Derwent London is 56.44%. This payout ratio is at a healthy, sustainable level, below 75%.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: N/A

News Sentiment

Derwent London has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.79 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Derwent London this week, compared to 0 articles on an average week.

Search Interest

Only 1 people have searched for DLN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

2 people have added Derwent London to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Derwent London insiders have not sold or bought any company stock.

Percentage Held by Insiders

0.43% of the stock of Derwent London is held by insiders.

Percentage Held by Institutions

56.76% of the stock of Derwent London is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 2/26/2026
• Today: 8/02/2026

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Real Estate
• Industry: Office REITs
• Sub-Industry: Office REITs
• Current Symbol: LON:DLN
• CIK: N/A
• Web: www.derwentlondon.com
• Phone: +44-20-76593000
• Fax: N/A
• Employees: 199
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Derwent London: GBX 1,956.50
• High Price Target: GBX 2,410
• Low Price Target: GBX 1,492
• Potential Upside/Downside: -7.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.22
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 143.51
• Trailing P/E Ratio: 14.66
• Forward P/E Ratio: 18.50
• P/E Growth: 23.1
• Net Income: -£359.76 million
• Net Margins: 40.73%
• Pretax Margin: N/A
• Return on Equity: 4.48%
• Return on Assets: 1.96%

Debt

• Debt-to-Equity Ratio: 43.37
• Current Ratio: 0.59
• Quick Ratio: 0.38

Sales & Book Value

• Annual Sales: £388.70 million
• Price / Sales: 6.03
• Cash Flow: GBX 26.39 per share
• Price / Cash Flow: 79.73
• Book Value: GBX 3,046.46 per share
• Price / Book: 0.69

Miscellaneous

• Outstanding Shares: 111,308,000
• Free Float: N/A
• Market Cap: £2.34 billion
• Optionable: Not Optionable
• Beta: 1.19