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Derwent London

 

Buy Derwent London shares

DERWENT LONDON (DLN) Shares

ABOUT DERWENT LONDON

Derwent London is a property and development company acting as a real estate investment trust (REIT).

The company’s portfolio includes commercial real estate consisting of approximately 5.7 million square feet and divided into 13 groups.

As 98 percent of its properties are in central London, is recognised as one of London’s largest real estate investment trusts.

Derwent invests in easily accessible, high-end properties in popular areas.

Derwent London is a FTSE 250 Index company and a winner of EG’s Offices Company of the Year for 2018.

The company employs more than 100 people and headquartered in London, the United Kingdom.

OVERVIEW OF DERWENT LONDON

  • The company is created in 1913 as the operator of the Derwent Valley Light Railway.

  • During the early 1980’s the railway closes. In 1984 the company is used by John Burns and Simon Silver to start a property business in London.

  • In 1999 Derwent Valley Holdings joins the FTSE EPRA Nareit Development Europe Index.

  • Derwent Valley Holdings buys London Merchant Securities plc for a price of £ 1 billion pounds in shares. The two company’s merge and it is renamed Derwent London in 2007.

  • The company adds more than 800 000 square feet of London Merchant’s property to its portfolio. Its portfolio is now valued at a price of £ 2.25 billion.

  • The business deal is recognised by some as one of the largest deals of the decade.

  • The same year the company starts operating as a real estate investment trust.

VISION & VALUES OF DERWENT LONDON

  • Derwent London is committed to operating sustainably and reuse and recycle fabric of the original building material where possible. The company buys property that will create capital and long-term value. Derwent takes its social and environmental responsibilities serious and acts with integrity.

  • Derwent’s operations adhere to the Greenhouse Gas (GHG) Protocol Corporate Accounting Standard.

  • Data for the company’s 2018 sustainability report shows a 20 percent decrease in its like-for-like carbon intensity, a 5 percent decrease in its like-for-like carbon emissions and a 75 percent waste recycling rate.

  • The company contributes to communities, charities and other initiatives.

  • In 2018 alone the company invests more than £ 106 000 to its Community Fund. More than £ 560 000 is invested in 76 projects and nearly £ 270 500 to charities.

MARKET PERFORMANCE OF DERWENT LONDON

  • Derwent London trades on the Financial Times Stock Exchange under the FTSE stock symbol “DLN”.

  • Data analysis for the company’s interim results for the period ending June 2019 reports a net asset value of £ 4,349.7 million.

  • Gross property income is £ 93.6 million. Gross rental income is £ 93.1 million. Net rental income is £ 86.3 million.

  • Underlying earnings are 51.34p per share. Profit for the reported period is £ 129.6 million. Interim dividends are 21.00p per share.

  • Interim dividends increased with 9.9 percent.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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