Explore 3 Stock Ideas & Industry Insights Download Free Report

Derwent London PLC

Real Estate GB DLN

1778.0GBX
15.00(0.85%)

Last update at 2026-06-04T15:35:00Z

Day Range

1758.001788.00
LowHigh

52 Week Range

1469.332073.94
LowHigh

Fundamentals

  • Previous Close 1763.00
  • Market Cap1846.16M
  • Volume213320
  • P/E Ratio11.50
  • Dividend Yield4.92%
  • EBITDA162.80M
  • Revenue TTM406.50M
  • Revenue Per Share TTM3.62
  • Gross Profit TTM 201.50M
  • Diluted EPS TTM1.43

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 161.50M 116.00M -475.90000M -279.50000M 252.50M
Minority interest - - - 0.00000M -1.50000M
Net income 161.10M 115.90M -476.40000M -280.50000M 252.30M
Selling general administrative 39.10M 41.10M 39.10M 36.40M 37.10M
Selling and marketing expenses - 0.10M 1.70M - -
Gross profit 199.90M 192.70M 195.30M 193.80M 189.70M
Reconciled depreciation 0.80M 1.00M 1.10M - -
Ebit 212.00M 151.50M -439.10000M -238.30000M 291.60M
Ebitda 212.80M 152.50M -438.00000M -249.70000M 276.40M
Depreciation and amortization 0.80M 1.00M 1.10M -11.40000M -15.20000M
Non operating income net other - - - - -
Operating income 159.90M 156.40M -428.90000M -238.30000M 291.60M
Other operating expenses 228.80M 115.30M 696.90M 91.90M 88.50M
Interest expense 50.50M 36.60M 36.80M 36.10M 24.60M
Tax provision 0.40M 0.10M 0.50M 1.00M -1.30000M
Interest income 2.10M 0.30M 0.90M 0.20M 1.30M
Net interest income -47.20000M -39.60000M -39.50000M -39.40000M -28.10000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.40M 0.10M 0.50M 1.00M -1.30000M
Total revenue 388.70M 271.70M 267.80M 249.30M 241.10M
Total operating expenses 40.00M 36.30M 622.40M 36.40M 37.10M
Cost of revenue 188.80M 79.00M 72.50M 55.50M 51.40M
Total other income expense net 1.60M -40.40000M -47.00000M -41.20000M -39.10000M
Discontinued operations - - - - -
Net income from continuing ops 161.10M 115.90M -476.40000M -280.50000M 253.80M
Net income applicable to common shares - - - -280.50000M 252.30M
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 5313.70M 5214.00M 5028.00M 5509.40M 5892.00M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets -26.80000M 42.10M 30.70M 92.10M 61.70M
Total liab 1696.10M 1674.20M 1519.20M 1433.90M 1450.20M
Total stockholder equity 3615.30M 3539.80M 3508.80M 4075.50M 4441.80M
Deferred long term liab - - - - -
Other current liab -8.00000M 167.00M 144.10M 148.60M 126.30M
Common stock 5.60M 5.60M 5.60M 5.60M 5.60M
Capital stock 5.60M 5.60M 5.60M 5.60M 5.60M
Retained earnings 2465.80M 2394.40M 2367.30M 2931.40M 3299.70M
Other liab - - - 0.80M 0.30M
Good will - - - - -
Other assets - - 5028.00M 5196.30M 161.40M
Cash 131.70M 71.40M 73.00M 26.90M 68.50M
Cash and equivalents - - - - -
Total current liabilities 232.10M 369.40M 251.40M 169.20M 193.00M
Current deferred revenue - - 77.80M - -
Net debt 1436.40M 1426.70M 1297.70M 1257.20M 1251.50M
Short term debt 232.10M 194.50M 103.30M 20.20M 63.50M
Short long term debt 231.60M 194.10M 102.90M 19.70M 12.30M
Short long term debt total 1568.10M 1498.10M 1370.70M 1284.10M 1320.00M
Other stockholder equity 1143.90M 1107.10M 196.60M 1138.50M 1136.50M
Property plant equipment - - - 54.30M 5413.90M
Total current assets 137.80M 289.10M 185.00M 160.70M 162.80M
Long term investments - - - - -
Net tangible assets - - - 4075.50M 4441.80M
Short term investments - - 2.90M - -
Net receivables 32.90M 42.40M 12.40M 4.90M 6.90M
Long term debt 1255.00M 1269.40M 1233.20M 1229.40M 1237.10M
Inventory 32.90M 133.20M 68.90M 41.70M 32.60M
Accounts payable 8.00M 0.60M 0.70M 0.40M 3.20M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - 32.70M 939.30M - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 279.20M 202.80M 4757.30M 5294.40M 5674.90M
Deferred long term asset charges - - - - -
Non current assets total 5175.90M 4924.90M 4843.00M 5348.70M 5729.20M
Capital lease obligations 41.00M 34.60M 34.60M 35.00M 70.60M
Long term debt total - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -101.90000M -98.00000M -51.70000M -182.60000M
Change to liabilities - - - 0.00000M 0.00000M
Total cashflows from investing activities -96.70000M -101.90000M -98.00000M -51.70000M -182.60000M
Net borrowings 24.90M 126.00M 84.30M -2.70000M 212.50M
Total cash from financing activities -71.00000M 35.70M -2.60000M -88.60000M 74.70M
Change to operating activities - - - - -
Net income 161.10M 115.90M -476.40000M -280.50000M 252.30M
Change in cash 60.30M -1.60000M -3.60000M -28.90000M 17.80M
Begin period cash flow 71.40M 73.00M 76.60M 105.50M 50.70M
End period cash flow 131.70M 71.40M 73.00M 76.60M 68.50M
Total cash from operating activities 228.00M 64.60M 97.00M -280.50000M 252.30M
Issuance of capital stock - - 0.00000M 1.20M 1.80M
Depreciation 0.80M 1.00M 1.10M - 0.90M
Other cashflows from investing activities -3.00000M -101.90000M -97.90000M 2.20M 9.50M
Dividends paid 90.80M 89.60M 88.70M 86.80M 84.30M
Change to inventory 104.50M -53.30000M -27.20000M - -
Change to account receivables 7.30M -8.80000M -3.70000M - -
Sale purchase of stock - - - - 358.30M
Other cashflows from financing activities -1.20000M -0.70000M 1.80M -3.00000M -55.30000M
Change to netincome - - - 391.90M -127.50000M
Capital expenditures 10.00M 141.50M 0.70M 122.70M 173.70M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 117.20M -52.60000M -13.40000M - -
Stock based compensation 2.00M 3.10M 2.50M - -
Other non cash items -51.10000M -2.80000M 574.10M 280.50M -252.30000M
Free cash flow 218.00M -76.90000M 96.30M -403.20000M -173.70000M

Peer Comparison

Sector: Real Estate Industry: REIT - Office

Company Change (GBX) Price (GBX) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
DLN
Derwent London PLC
15.00 0.85% 1778.00 11.50 16.95 4.54 0.50 7.99 15.61
GPE
GREAT PORTLAND ESTATES PLC
5.30 1.76% 306.40 8.21 28.65 10.74 0.61 22.42 14.66
WKP
Workspace Group PLC
1.80 0.53% 339.00 - 10.92 3.97 0.48 8.40 42.20
CLI
CLS Holdings plc
-0.65 1.36% 47.00 - 6.17 1.34 0.26 7.85 13.46
RGL
Regional REIT Ltd
2.00 2.26% 90.40 - 9.23 1.89 0.44 14.61 19.56

Reports Covered

Stock Research & News

Profile

Derwent London plc owns a commercial real estate portfolio predominantly in central London valued at 5.2 billion euros as at 30 June 2025, 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 City Borders. 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 recognized 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 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 180 community projects in central London. 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.

Derwent London PLC

25 Savile Row, London, United Kingdom, W1S 2ER

Key Executives

Name Title Year Born
Mr. Paul Malcolm Williams CEO & Director 1961
Mr. Simon P. Silver Co-Founder & Consultant 1951
Mr. Damian Mark Alan Wisniewski CFO & Exec. Director 1962
Mr. Nigel Quentin George Exec. Director 1963
Ms. Emily Prideaux Exec. Director 1980
Mr. Giles Sheehan Head of Investment NA
Mr. Matt Cook Head of Digital Innovation & Technology NA
Mr. Robert Andrew Duncan Head of Investor Relations & Strategic Planning NA
Ms. Katy Levine Head of HR NA
Mr. John Davies Head of Sustainability NA

Disclaimer - This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.