Derwent London plc

Derwent London plc

22.60
EUR
-0.60
(-2.59%)
2.45BMarket Cap
Feb 25Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.57
1.6
1.64
1.62
1.82
2.06
2.06
2.4
2.16
2.22
2.36
2.47
3.46
- -
Basic EPS, GAAP
4.46
7.17
6.93
0.53
2.81
1.99
2.53
-0.69
2.25
-2.49
-4.23
1.03
1.43
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.97
0.86
0.56
1.94
- -
Dividend per Share
0.3
0.35
0.3
0.44
1.07
1.36
0.67
0.73
0.75
0.77
0.79
0.8
0.81
- -
Book Value per Share
22.44
29.25
35.22
35.23
36.96
37.6
39.48
38
39.51
36.23
31.19
31.46
32.13
31.52
Tangible Book Value per Share
22.44
29.25
35.22
35.23
36.96
37.6
39.48
38
39.51
36.23
31.19
31.46
32.13
31.52
Basic Weighted Avg Shares
102
103
111
112
112
112
112
112
112
112
113
112
112
129
Sales/Revenue/Turnover
161
165
181
181
203
230
230
269
242
249
266
278
389
- -
Operating Margin (%)
60.77
62.91
63.72
65.16
66.9
66.96
63.22
58.49
63.46
63.14
58.05
56.75
41.78
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
- -
Net Income, GAAP
457
738
766
59
314
222
283
-78
252
-280
-476
116
161
- -
Effective Tax Rate (%)
0.51
0.52
0.3
1.65
0.57
1.22
0.89
- -
- -
- -
- -
0.09
0.25
- -
Profit Margin (%)
284.31
447.09
423.08
32.41
154.91
96.78
123.06
-28.89
104.17
-112.52
-179.1
41.74
41.45
- -
Working Capital
2
-190
-57
-44
81
-138
40
32
-31
-9
-66
-106
-188
20
LT Debt
962
858
918
923
745
827
1,036
1,100
1,257
1,264
1,267
1,304
1,296
1,458
Total Equity
2,371
3,076
3,995
3,999
4,193
4,263
4,477
4,315
4,442
4,076
3,509
3,540
3,615
3,515
Return on Invested Capital (%)
15.79
21.52
17.87
1.77
6.75
4.7
5.82
- -
- -
- -
- -
3.15
4.12
- -
Return on Capital (%)
15.78
20.52
17.46
1.8
6.88
4.83
5.94
- -
- -
- -
- -
3.07
4.06
- -
Return on Common Equity (%)
21.93
27.75
22.1
1.49
7.79
5.34
6.57
-1.79
5.8
-6.59
-12.56
3.29
4.5
- -

Capital Structure

GBP

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
253
232
1
LT Borrowings
1,299
1,255
1,406
LT Finance Leases
34
41
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
113
113
112
Market Capitalization
2,318
1,894
2,114

Working Capital

GBP

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
278
212
192
Cash, Cash Equivalents & STI
31
77
81
Accounts Receivable, Net
15
4
4
Inventories
127
33
26
Total Current Liabilities
422
400
172
Payables & Accruals
- -
- -
- -
ST Debt
253
232
1
Deferred Revenue
- -
- -
- -

Growth Rates

GBP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.82%
-3.24%
2.13%
Free Cash Flow
- -
- -
246.03%
Net Income, GAAP
-43.83%
-130.36%
39%
Sales/Revenue/Turnover
- -
8.83%
39.97%
Total Cash Common Dividend
18.81%
2.11%
1.34%

Semi-annual Revenue

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
278
2025
- -
- -
389
2026
- -
- -
- -

Semi-annual Earnings Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.03
2025
- -
- -
1.43
2026
- -
- -
- -

Semi-annual Dividends Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.8
2025
- -
- -
0.81
2026
- -
- -
- -

Company Description

CEO
Jonathan Stewart Murphy
Full Time Employees
206
Sector
Finance
Industry
Real estate investment trusts
Address
25 Savile Row London GL United Kingdom W1S 2ER
IPO Date
Jan 10, 1986
Business
Derwent London Plc Derwent London Plc (DLN.L) is a London-focused real estate investment trust specializing in the ownership, management, refurbishment, regeneration, and development of commercial properties, predominantly high-quality offices in central London; its portfolio, valued at approximately £5.2 billion as of June 2025, spans 5.4 million square feet across 13 development villages in the West End and areas bordering the City of London, including key assets such as The Featherstone Building, Angel Square, Turnmill, Soho Place, and Middlesex House, with 80% of properties within 800 meters of Elizabeth line stations like Tottenham Court Road and Farringdon. The company targets tenants from creative industries and others seeking design-led, low-carbon, intelligent workspaces, supported by a strong balance sheet that enables selective property recycling and reinvestment; it emphasizes sustainability, with science-based carbon targets validated by the Science Based Targets initiative (SBTi), a commitment to net zero carbon by 2030, and achievements including the first UK REIT green revolving credit facility and top rankings in equality and admired company awards. Founded in 1984 by Simon Paul Silver and John David Burns and headquartered at 25 Savile Row, London, Derwent London Plc operates solely in the UK as a FTSE 250 constituent. Recent developments include the October 2025 completion of the fully pre-let 25 Baker Street office and retail project, generating £21.6 million in annual rent and residential sales exceeding £115 million in partnership with Native Land, alongside a strategic partnership announced in October 2025 with Related Argent for the potential late-2027 acquisition and mixed-use regeneration of the 2.5-acre Old Street Quarter site, incorporating residential, co-living, student accommodation, office, and hotel elements.

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