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Derwent London Plc DLN.L · Stock Open Derwent London Plc in new tab

1751.00 GBX
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P/E
41.35
EPS
0.43
Yield
4.50%
Safety Score
72
P/B
0.57
ROE
1.35
Beta
1.19
Target Price
2101.50 GBX
Derwent London Plc logo

Derwent London Plc

🧾 Earnings Recap – Q2 2026

Shares declined 0.6% as investors digested modest outward yield shifts and a significant provision at Old Street Quarter, which weighed on net asset value despite steady underlying operational performance.

  • EPRA earnings for H1 slightly exceeded guidance, prompting a 2026 earnings upgrade.
  • Property portfolio saw a 6 basis point outward yield shift, impacting valuations; adjusted for transactions, yield movement was closer to 15 basis points.
  • EPRA net tangible assets declined 2.1%, driven by valuation deficits and a GBP 45.8 million provision related to the Old Street Quarter acquisition.
  • Rental income was marginally down year-over-year due to vacancies linked to ongoing projects and sales marketing, partially offset by new lettings including the fully pre-let Network development.
  • Disposals of GBP 280 million reduced leverage and enabled a GBP 50 million share buyback program, supporting balance sheet strength amidst cautious market conditions.
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1M 6M YTD 1Y 2Y 5Y Max
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Key Metrics
Earnings dateFeb. 25, 2027
P/E41.35
EPS0.43
Book Value31.35
Price to Book0.57
Debt/Equity41.50
% Insiders4.602%
Growth
Revenue Growth0.04%
Earnings Growth-0.53%
Estimates
Forward P/E16.93
Forward EPS1.05
Target Mean Price2101.50
Dividend
Dividend Yield4.50%
Annual dividends0.82 GBX
Ex-Div. DateSept. 3, 2026
Payout190.60%
5y avg Yield3.69%

DCF Valuation

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Currency: GBX
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DCF Result
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Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Derwent London Plc Logo Derwent London Plc Analysis (DLN.L)

United Kingdom Real Estate Official Website Stock

Is Derwent London Plc a good investment? Derwent London Plc (DLN.L) is currently trading at 1751.00 GBX. Market analysts have a consensus price target of 2101.50 GBX. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 41.35. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: Derwent London Plc is expected to release its next earnings report on Feb. 25, 2027. The market consensus estimate for Forward EPS is 1.05.

For income investors, Derwent London Plc pays a dividend yield of 4.50%. With a payout ratio of 191%, the dividend appears to be under pressure.

Investor FAQ

Does Derwent London Plc pay a dividend?

Yes, it pays an annual dividend of 0.82 GBX (4.50% yield).

What asset class is Derwent London Plc?

Derwent London Plc is classified as a Stock. You can compare it against 4 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Feb. 25, 2027. The company currently has a trailing EPS of 0.43.

Company Profile

Derwent London Plc owns a commercial real estate portfolio predominantly in central London valued at 5.0 billion pounds as at 30 June 2026, making it the largest London office-focused real estate investment trust (REIT). Their experienced team has a long track record of creating value throughout the property cycle by regenerating buildings via redevelopment or refurbishment, effective asset management and capital recycling. The firm typically acquires 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. They capitalize on the unique qualities of each of their 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 their long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing. They are frequently recognized in industry awards for the quality, design and innovation of our projects. Landmark buildings in their 5.2 million sq ft portfolio include 25 Baker Street W1, 1 Soho Place W1, 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1 and Tea Building E1. As part of commitment to lead the industry in mitigating climate change, Derwent London has committed to becoming a net zero carbon business by 2030, with its updated pathway published in 2025. Their science-based carbon targets have been validated by the Science Based Targets initiative (SBTi). In 2013, the firm launched a voluntary Community Fund which to date has supported 200 community projects in central London. Derwent London Plc is a public limited company and incorporated and domiciled in the UK. The address of its registered office is 25 Savile Row, London, W1S 2ER.

Exchange Ticker
FRA (Germany) DVK.F
STU (Germany) DVK.SG
PNK (United States) DWVYF
LSE (United Kingdom) DLN.L
Trades
Dividend Yield
4.50%
5y avg 3.69%
Annual Dividends
0.82GBX
Next Ex. Div Date
Sept. 3, 2026
Payout Ratio
190.60%
Dividend History paid per year (GBX)
Historical Dividends
Year Total Dividends
▸2027
56.00 GBX
May 31, 2027 (estimated) 56.0000
▸2026
82.00 GBX
Oct. 9, 2026 26.0000
May 29, 2026 56.0000
▸2025
81.00 GBX
Oct. 10, 2025 25.5000
May 30, 2025 55.5000
▸2024
80.00 GBX
Oct. 11, 2024 25.0000
May 31, 2024 55.0000
▸2023
79.00 GBX
Oct. 13, 2023 24.5000
June 2, 2023 54.5000
▸2022
77.50 GBX
Oct. 14, 2022 24.0000
June 1, 2022 53.5000
▸2021
75.45 GBX
Oct. 15, 2021 23.0000
June 4, 2021 52.4500
▸2020
73.45 GBX
Oct. 16, 2020 22.0000
June 5, 2020 51.4500
▸2019
67.75 GBX
Oct. 18, 2019 21.0000
June 7, 2019 46.7500
▸2018
94.10 GBX
Oct. 19, 2018 19.1000
June 8, 2018 75.0000
▸2017
69.33 GBX
Oct. 20, 2017 17.3300
June 9, 2017 52.0000
▸2016
44.66 GBX
Oct. 21, 2016 13.8600
June 10, 2016 30.8000
▸2015
40.60 GBX
Oct. 22, 2015 12.6000
June 12, 2015 28.0000
▸2014
37.40 GBX
Oct. 23, 2014 11.6500
June 13, 2014 25.7500
▸2013
34.50 GBX
Oct. 24, 2013 10.7500
June 14, 2013 23.7500
▸2012
31.85 GBX
Nov. 1, 2012 9.9500
June 15, 2012 21.9000
▸2011
29.70 GBX
Nov. 4, 2011 9.4500
June 16, 2011 20.2500
▸2010
27.60 GBX
Nov. 5, 2010 8.7500
June 17, 2010 18.8500
▸2009
24.50 GBX
Nov. 6, 2009 8.1500
June 19, 2009 16.3500
▸2008
23.15 GBX
Oct. 1, 2008 8.1500
June 19, 2008 15.0000
▸2007
18.03 GBX
Nov. 9, 2007 7.5000
Feb. 23, 2007 10.5250
▸2006
13.95 GBX
Nov. 6, 2006 4.2200
June 5, 2006 9.7300
▸2005
12.83 GBX
Nov. 7, 2005 3.9300
June 6, 2005 8.9000
▸2004
11.70 GBX
Nov. 1, 2004 3.6000
June 9, 2004 8.1000
▸2003
10.65 GBX
Nov. 3, 2003 3.3000
June 9, 2003 7.3500
▸2002
9.65 GBX
Nov. 4, 2002 3.0500
June 10, 2002 6.6000
▸2001
8.75 GBX
Nov. 5, 2001 2.7500
June 6, 2001 6.0000
▸2000
7.85 GBX
Nov. 6, 2000 2.5000
June 5, 2000 5.3500
▸1999
7.35 GBX
Nov. 8, 1999 2.3500
June 7, 1999 5.0000
▸1998
6.85 GBX
Nov. 9, 1998 2.2000
June 8, 1998 4.6500
▸1997
6.15 GBX
Nov. 10, 1997 2.0181
June 9, 1997 4.1347
▸1996
5.58 GBX
Nov. 18, 1996 1.8705
June 10, 1996 3.7114
▸1995
5.06 GBX
Nov. 20, 1995 1.7031
May 26, 1995 3.3551
▸1994
7.25 GBX
Dec. 1, 1994 1.5500
May 27, 1994 5.7025
▸1993
8.10 GBX
Nov. 19, 1993 2.8748
May 28, 1993 5.2264
Upcoming Dividends
Name Payment Date Status Amount
Derwent London Plc Oct 09, 2026 Upcoming 26.0 GBX
Derwent London Plc May 29, 2026 56.0 GBX
Stock Splits
Split Date Split Ratio to 1
June 13, 1994 2:1
Oct. 6, 1995 1.02
Jan. 26, 1998 1.02
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