Derwent London (DLN)

Sector:

Property Investment Trusts

Index:

FTSE 250

1,987.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 2,508.00
  • 52 Week Low: 1,682.00
  • Currency: UK Pounds
  • Shares Issued: 112.29m
  • Volume: 165,011
  • Market Cap: £2,231.22m
  • RiskGrade: 145
  • Beta: 0.01

Dividend Data

  31-Dec-2431-Dec-2331-Dec-2231-Dec-2131-Dec-20
Interim Dividend25.00p24.50p24.00p23.00p22.00p
Final Dividend55.50p55.00p54.50p53.50p52.45p
Total Dividend80.50p79.50p78.50p76.50p74.45p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
Revenue 276.90 265.90 248.80 241.30 268.60
Operating Profit/(Loss) 156.40 (428.90) (238.30) 291.60 (49.20)
Net Interest (39.60) (39.50) (39.40) (28.10) (30.10)
Profit Before Tax 116.00 (475.90) (279.50) 252.50 (83.00)
Profit After Tax 115.90 (476.40) (280.50) 253.80 (81.40)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 115.90 (476.40) (280.50) 253.80 (81.40)
Attributable to:          
Equity Holders of Parent Company 115.90 (476.40) (280.50) 252.30 (77.60)
Minority Interests n/a n/a n/a 1.50 (3.80)
           
Continuing EPS          
Earnings per Share - Basic 103.24p (424.25p) (249.84p) 224.99p (69.34p)
Earnings per Share - Diluted 102.93p (424.25p) (249.84p) 224.44p (69.34p)
Earnings per Share - Adjusted 106.50p 102.00p 106.60p 108.50p 99.20p
Continuing and Discontinued EPS          
Earnings per Share - Basic 103.24p (424.25p) (249.84p) 224.99p (69.34p)
Earnings per Share - Diluted 102.93p (424.25p) (249.84p) 224.44p (69.34p)
Earnings per Share - Adjusted 106.50p 102.00p 106.60p 108.50p 99.20p
           
Dividend per Share 80.50p 79.50p 78.50p 76.50p 74.45p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 52.00 49.90 54.30 54.00 50.20
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 4,670.10 4,551.40 5,002.00 5,361.20 5,029.10
Investments n/a 35.80 43.90 51.10 0.90
Other Financial Assets n/a 2.90 5.00 n/a n/a
Other Non-Current Assets 202.80 203.00 189.30 161.40 146.40
  4,924.90 4,843.00 5,294.50 5,627.70 5,226.60
Current Assets          
Inventories 17.50 8.90 41.70 32.60 12.90
Trade & Other Receivables 57.80 42.70 42.40 41.00 76.20
Cash at Bank & in Hand 71.40 73.00 76.60 105.50 50.70
Current Asset Investments 0.60 n/a n/a n/a n/a
Other Current Assets 116.10 60.40 n/a n/a n/a
  263.40 185.00 160.70 179.10 139.80
           
Other Assets 25.70 n/a 54.20 102.80 165.00
Total Assets 5,214.00 5,028.00 5,509.40 5,909.60 5,531.40
           
Liabilities          
Current Liabilities          
Borrowings 194.50 103.30 20.20 63.50 n/a
Other Current Liabilities 174.90 148.10 149.00 147.10 107.80
  369.40 251.40 169.20 210.60 107.80
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,303.60 1,267.40 1,263.90 1,256.50 1,099.80
Provisions 1.20 0.40 0.80 0.30 0.90
Other Non-Current Liabilities n/a n/a n/a 0.40 7.80
  1,304.80 1,267.80 1,264.70 1,257.20 1,108.50
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 1,674.20 1,519.20 1,433.90 1,467.80 1,216.30
           
Net Assets 3,539.80 3,508.80 4,075.50 4,441.80 4,315.10
           
Capital & Reserves          
Share Capital 5.60 5.60 5.60 5.60 5.60
Share Premium Account 196.60 196.60 196.60 195.40 193.70
Other Reserves 943.20 939.30 941.90 941.10 939.40
Retained Earnings 2,394.40 2,367.30 2,931.40 3,299.70 3,124.50
Shareholders Funds 3,539.80 3,508.80 4,075.50 4,441.80 4,263.20
           
Minority Interests/Other Equity n/a n/a n/a n/a 51.90
Total Equity 3,539.80 3,508.80 4,075.50 4,441.80 4,315.10
Cash Flow 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Net Cash Flow From Operating Activities 64.60 97.00 111.40 128.90 115.90
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (101.90) (98.00) (51.70) (186.60) (92.50)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities 35.70 (2.60) (88.60) 74.70 (27.20)
Net Increase/Decrease In Cash (1.60) (3.60) (28.90) 17.00 (3.80)
Ratios - based on IFRS 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
PE Ratio - Adjusted 18.4 23.1 22.2 31.5 31.2
PEG - Adjusted 4.6 n/a n/a 3.5 n/a
Earnings per Share Growth - Adjusted 4% -4% -2% 9% -4%
Dividend Cover 1.32 1.28 1.36 1.42 1.33
Revenue per Share 246.66p 236.79p 221.61p 2.17p 240.01p
Pre-Tax Profit per Share 103.33p (423.81p) (248.95p) 2.27p (74.17p)
Operating Margin 56.48% (161.30%) (95.78%) 120.85% (18.32%)
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 18.4 23.1 22.2 3,118.1 31.2
PEG - Adjusted 4.6 n/a 0.0 n/a n/a
Earnings per Share Growth - Adjusted 4% -4% 9,633% -99% -4%
Dividend Cover 1.32 1.28 1.36 0.01 1.33
           
Dividend Yield 4.1% 3.4% 3.3% 2.2% 2.4%
Dividend per Share Growth 1.26% 1.27% 2.61% 2.75% 2.76%
Operating Cash Flow per Share 57.55p 86.38p 99.22p 114.79p 103.56p
Cash Incr/Decr per Share (1.43p) (3.21p) (25.74p) 0.15p (3.40p)
Net Asset Value per Share (exc. Intangibles) 3,153.27p 3,124.74p 3,630.09p 3,955.61p 3,855.80p
Net Gearing 40.30% 36.98% 29.63% 27.34% 24.61%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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