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Derwent London Plc

Derwent London plc owns 63 buildings in a commercial real estate portfolio predominantly in central London valued at £4.8 billion as at 30 June 2024, 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 redevelopment 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. We are frequently recognised in industry awards for the quality, design and innovation of our projects. Landmark buildings in our 5.3 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. 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. Our science-based carbon targets validated by the Science Based Targets initiative (SBTi). 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.

Market Cap

GBP 2.2B

Volume

272.1K

Cash and Equivalents

GBP 83.2M

EBITDA

GBP 163.2M

Tax Rate Collected

N/A

Tax Rate Ratio

N/A

Gross Profit

GBP 203.8M

Profit Margin

73.15%

52 Week High

GBP 25.30

52 Week Low

GBP 18.23

Dividend

4.08%

Price / Book Value

0.64

Price / Earnings

-6.06

Price / Tangible Book Value

0.64

Enterprise Value

GBP 3.5B

Enterprise Value / EBITDA

21.42

Operating Income

GBP 162.1M

Return on Equity

9.90%

Return on Assets

1.96

Cash and Short Term Investments

GBP 83.2M

Debt

GBP 1.4B

Equity

GBP 3.4B

Revenue

GBP 278.6M

Unlevered FCF

GBP 73.4M

Sector

Office REITs

Category

N/A

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