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Derwent London Fundamentals

Company Name Derwent London Last Updated 02 Jun 2020
Industry Financials Sector Industrial & Office REITs
Shares in Issue (m) 111.95 Market Cap (£m) 3,555.40
PE Ratio 12.51 Div per Share (p) 72.45
Div Yield 2.28 Div Cover 3.50
EPS 253.82 EPS Growth (%) 27.34
PEG 0.46 DPS Growth (%) 10.02
Debt Ratio 18.89 Debt Equity Ratio 0.90
Net Gearing 19.56 Gross Gearing 20.53
Asset Equity Ratio 1.26 Cash Equity Ratio 1.22
Quick Ratio 2.04 Current Ratio 2.40
Price To Book Value 0.79 ROCE 5.08

Derwent London Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total
H2 Dividend 30 Apr 2020 05 Jun 2020 GBX 51.45 72.45
H1 Dividend 12 Sep 2019 18 Oct 2019 GBX 21.00
H2 Dividend 02 May 2019 07 Jun 2019 GBX 46.75 65.85
H1 Dividend 13 Sep 2018 19 Oct 2018 GBX 19.10
Special Dividend 03 May 2018 08 Jun 2018 GBX 75.00
H2 Dividend 03 May 2018 08 Jun 2018 GBX 42.40 59.73
H1 Dividend 14 Sep 2017 20 Oct 2017 GBX 17.33
Special Dividend 04 May 2017 09 Jun 2017 GBX 52.00
H2 Dividend 04 May 2017 09 Jun 2017 GBX 38.50 52.36
H1 Dividend 15 Sep 2016 21 Oct 2016 GBX 13.86
H2 Dividend 05 May 2016 10 Jun 2016 GBX 30.80 43.40
H1 Dividend 17 Sep 2015 22 Oct 2015 GBX 12.60
H2 Dividend 07 May 2015 12 Jun 2015 GBX 28.00 39.65

Derwent London Company Financials

Assets (£m) 2019 2018 2017
Tangible Assets 50 53 52
Intangible Assets 0 0 0
Investments 5,311 5,181 4,816
Total Fixed Assets 5,361 5,234 4,868
Stocks 41 36 25
Debtors 59 61 58
Cash & Equivalents 55 18 87
Other Assets 119 0 0
Total Assets 5,633 5,350 5,038
Liabilities (£m) 2019 2018 2017
Creditors within 1 year 114 254 89
Creditors after 1 year 1,043 833 756
Other Liabilities 0 0 0
Total Liabilities 1,156 1,086 845
Net assets 4,477 4,263 4,193
Equity (£m) 2019 2018 2017
Called up share capital 6 6 6
Share Premium 193 190 189
Profit / Loss 281 222 315
Other Equity 936 944 943
Preference & Minorities 56 62 65
Total Capital Employed 4,477 4,263 4,193
Ratios 2019 2018 2017
Debt Ratio 18.89 16.34 15.27
Debt-to-Equity 0.90 0.77 0.90
Net Gearing 19.56 19.97 15.04
Gross Gearing 20.53 20.31 16.77
Assets / Equity 1.26 1.26 1.20
Cash / Equity 1.22 0.43 2.08
EPS 253.82 199.33 281.79
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 97 115 84
Cashflow before financing 53 -94 368
Increase in Cash 36 -69 69
Income (£m) 2019 2018 2017
Turnover 230 228 203
Cost of sales 0 0 0
Gross Profit 0 0 0
Operating Profit 316 242 335
Pre-Tax profit 281 222 315
Profit / Loss for the year 6 6 6

Derwent London Company Background

Sector Industrial & Office REITs
Activities Derwent London plc (formerly Derwent Valley plc) owns 84 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 30 JUne 2019, making it the largest London-focused real estate investment trust (REIT). It 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 the Tech Belt. Landmark schemes in its 5.5 million sq ft portfolio include White Collar Factory EC1, Angel Building EC1, The Buckley Building EC1, 1-2 Stephen Street W1, Horseferry House SW1 and Tea Building E1.
Latest Interim Date 08 Aug 2019
Latest Fiscal Year End Date 25 Feb 2020

Derwent London Directors

Appointed Director Position
01 Jan 1998 Paul Malcolm Williams Chief Executive Officer
01 Jan 1998 Nigel Quentin George Executive Director
01 Jan 1986 Simon Paul Silver Executive Director
04 Jan 2008 David Gary Silverman Executive Director
01 Feb 2010 Damian Mark Alan Wisniewski Finance Director
01 Jan 1984 John David Burns Non-Executive Chairman
01 Sep 2012 Simon William Fraser Non-Executive Director
01 Jan 2018 Helen Christine Gordon Non-Executive Director
01 Sep 2015 Priscilla Deborah Snowball Non-Executive Director
06 Aug 2013 Richard David Charles Dakin Non-Executive Director
01 Jan 2019 Lucinda Margaret Bell Non-Executive Director
18 May 2015 Claudia Isobel Arney Non-Executive Director

Derwent London Contact Details

Company Name Derwent London
Company Address 25 Savile Row, London, W1S 2ER.
Company Telephone +44 (0)20 7659 3000
Company Website http://www.derwentlondon.com/

Derwent London Advisors

Auditor Name BDO Stoy Hayward
Auditor Address 55 Baker Street, London W1U 7EU.
Auditor Website http://www.bdo.uk.com/
Auditor Telephone +44 (0) 207486 5888
Registrar Name Equiniti
Registrar Address Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA.
Registrar Website http://www.equiniti.com/
Registrar Telephone 0871 384 2030
Broker Name JPMorgan Cazenove
Broker Address 20 Moorgate, London EC2R 6DA.
Broker Website http://www.jpmorgancazenove.com/
Broker Telephone +44 (0)20 7588 2828
Adviser Name n/a
Adviser Address n/a
Adviser Website n/a
Adviser Telephone n/a
Solicitor Name Slaughter & May
Solicitor Address One Bunhill Row, London EC1Y 8YY.
Solicitor Website http://www.slaughterandmay.com/
Solicitor Telephone +44 (0)20 7600 1200
Stockbroker Name UBS Investment Bank
Stockbroker Address 1 Finsbury Avenue, London EC2M 2PP.
Stockbroker Website http://www.ibb.ubs.com/
Stockbroker Telephone +44 (0)20 7567 8000