Derwent London (DLN)

Sector:

Property Investment Trusts

Index:

FTSE 250

1,918.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 2,726.00
  • 52 Week Low: 1,812.00
  • Currency: UK Pounds
  • Shares Issued: 112.29m
  • Volume: 18,918
  • Market Cap: £2,153.74m
  • RiskGrade: 145

Dividend Data

  31-Dec-2231-Dec-2131-Dec-2031-Dec-1931-Dec-18
Interim Dividend24.00p23.00p22.00p21.00p19.10p
Final Dividend54.50p53.50p52.45p51.45p46.75p
Total Dividend78.50p76.50p74.45p72.45p65.85p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 248.80 241.30 268.60 230.30 228.00
Operating Profit/(Loss) (238.30) 291.60 (49.20) 315.80 242.20
Net Interest (39.40) (28.10) (30.10) (26.50) (23.50)
Profit Before Tax (279.50) 252.50 (83.00) 280.60 221.60
Profit After Tax (280.50) 253.80 (81.40) 278.10 218.90
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (280.50) 253.80 (81.40) 278.10 218.90
Attributable to:          
Equity Holders of Parent Company (280.50) 252.30 (77.60) 283.40 222.30
Minority Interests n/a 1.50 (3.80) (5.30) (3.40)
           
Continuing EPS          
Earnings per Share - Basic (249.84p) 224.99p (69.34p) 253.82p 199.33p
Earnings per Share - Diluted (249.84p) 224.44p (69.34p) 253.11p 198.91p
Earnings per Share - Adjusted 106.60p 108.50p 99.20p 103.10p 99.08p
Continuing and Discontinued EPS          
Earnings per Share - Basic (249.84p) 224.99p (69.34p) 253.82p 199.33p
Earnings per Share - Diluted (249.84p) 224.44p (69.34p) 253.11p 198.91p
Earnings per Share - Adjusted 106.60p 108.50p 99.20p 103.10p 99.08p
           
Dividend per Share 78.50p 76.50p 74.45p 72.45p 65.85p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Assets          
Non-Current Assets          
Property, Plant & Equipment 54.30 54.00 50.20 50.20 53.10
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 5,002.00 5,361.20 5,029.10 5,174.30 5,028.20
Investments 43.90 51.10 0.90 1.30 29.10
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 194.30 161.40 146.40 134.90 123.40
  5,294.50 5,627.70 5,226.60 5,360.70 5,233.80
Current Assets          
Inventories 41.70 32.60 12.90 40.70 n/a
Trade & Other Receivables 42.40 41.00 76.20 58.60 61.40
Cash at Bank & in Hand 76.60 105.50 50.70 54.50 18.30
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets n/a n/a n/a n/a 36.30
  160.70 179.10 139.80 153.80 116.00
           
Other Assets 54.20 102.80 165.00 118.60 n/a
Total Assets 5,509.40 5,909.60 5,531.40 5,633.10 5,349.80
           
Liabilities          
Current Liabilities          
Borrowings 20.20 63.50 n/a n/a 148.40
Other Current Liabilities 149.00 147.10 107.80 113.70 105.50
  169.20 210.60 107.80 113.70 253.90
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,263.90 1,256.50 1,099.80 1,036.10 766.10
Provisions 0.80 0.30 0.90 2.70 2.10
Other Non-Current Liabilities n/a 0.40 7.80 3.70 64.30
  1,264.70 1,257.20 1,108.50 1,042.50 832.50
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 1,433.90 1,467.80 1,216.30 1,156.20 1,086.40
           
Net Assets 4,075.50 4,441.80 4,315.10 4,476.90 4,263.40
           
Capital & Reserves          
Share Capital 5.60 5.60 5.60 5.60 5.60
Share Premium Account 196.60 195.40 193.70 193.00 189.60
Other Reserves 941.90 941.10 939.40 936.20 943.50
Retained Earnings 2,931.40 3,299.70 3,124.50 3,286.40 3,063.20
Shareholders Funds 4,075.50 4,441.80 4,263.20 4,421.20 4,201.90
           
Minority Interests/Other Equity n/a n/a 51.90 55.70 61.50
Total Equity 4,075.50 4,441.80 4,315.10 4,476.90 4,263.40
Cash Flow 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Cash Flow From Operating Activities 111.40 128.90 115.90 97.10 115.20
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 (51.70) (186.60) (92.50) (44.30) (209.10)
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 (88.60) 74.70 (27.20) (16.60) 25.20
Net Increase/Decrease In Cash (28.90) 17.00 (3.80) 36.20 (68.70)
Ratios - based on IFRS 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
PE Ratio - Adjusted 22.2 31.5 31.2 38.9 28.8
PEG - Adjusted n/a 3.5 n/a 9.7 5.8
Earnings per Share Growth - Adjusted -2% 9% -4% 4% 5%
Dividend Cover 1.36 1.42 1.33 1.42 1.50
Revenue per Share 221.61p 2.17p 240.01p 206.04p 204.45p
Pre-Tax Profit per Share (248.95p) 2.27p (74.17p) 251.04p 198.71p
Operating Margin (95.78%) 120.85% (18.32%) 137.13% 106.23%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 22.2 3,118.1 31.2 38.9 28.8
PEG - Adjusted 0.0 n/a n/a 9.7 5.8
Earnings per Share Growth - Adjusted 9,633% -99% -4% 4% 5%
Dividend Cover 1.36 0.01 1.33 1.42 1.50
           
Dividend Yield 3.3% 2.2% 2.4% 1.8% 2.3%
Dividend per Share Growth 2.61% 2.75% 2.76% 10.02% 10.25%
Operating Cash Flow per Share 99.22p 114.79p 103.56p 86.87p 103.30p
Cash Incr/Decr per Share (25.74p) 0.15p (3.40p) 32.39p (61.60p)
Net Asset Value per Share (exc. Intangibles) 3,630.09p 3,955.61p 3,855.80p 4,005.34p 3,822.96p
Net Gearing 29.63% 27.34% 24.61% 22.20% 21.33%

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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