Derwent London (DLN)

Sector:

Property Investment Trusts

Index:

FTSE 250

1,932.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 2,508.00p
  • 52 Week Low: 1,682.00p
  • Currency: UK Pounds
  • Shares Issued: 112.29m
  • Volume: 4,495
  • Market Cap: £2,169.46m
  • RiskGrade: 145
  • Beta: 0.01

Derwent London offloads 19 Charterhouse Street asset for £54m

By Iain Gilbert

Date: Monday 16 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust Derwent London has agreed to sell its 63,170 square foot freehold interest in 19 Charterhouse Street in East London for £54.0m before costs.
Derwent London said on Monday that the building, which was purchased in November 2013 for £41.3m after costs, was currently occupied by the London College of Accountancy on a lease expiring in August 2025.

The FTSE 250-listed group stated the disposal price represented a 4.6% net initial yield to the purchaser, had a capital value of £855 per square foot, and reflected "a marginal discount" to the site's June 2022 book value.

Chief executive Paul Williams said: "This sale forms part of our ongoing strategy of reducing our exposure to smaller buildings with less repositioning potential.

"As the flight to quality continues and occupiers become increasingly selective, proceeds will be recycled into our exciting development pipeline where we are currently on site with 435,000 square feet of net zero carbon projects which we expect will deliver attractive returns."

As of 0820 GMT, Derwent shares were untraded at 2,596.0p.





Reporting by Iain Gilbert at Sharecast.com

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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.

 

Derwent London Market Data

Currency UK Pounds
Share Price 1,932.00p
Change Today 8.00p
% Change 0.42 %
52 Week High 2,508.00p
52 Week Low 1,682.00p
Volume 4,495
Shares Issued 112.29m
Market Cap £2,169.46m
Beta 0.01
RiskGrade 145

Derwent London Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.25% below the market average50.25% below the market average50.25% below the market average50.25% below the market average50.25% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Price Trend
28.33% below the market average28.33% below the market average28.33% below the market average28.33% below the market average28.33% below the market average
62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average
Income
34.79% above the market average34.79% above the market average34.79% above the market average34.79% above the market average34.79% above the market average
52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average
Growth
28.33% below the market average28.33% below the market average28.33% below the market average28.33% below the market average28.33% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 8
Sell 1
Strong Sell 0
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Derwent London Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Apr-25 05-Sep-24
Paid 30-May-25 11-Oct-24
Amount 55.50p 25.00p

Trades for 14-May-2025

Time Volume / Share Price
09:38 78 @ 1,932.00p
09:38 246 @ 1,932.00p
09:38 30 @ 1,932.00p
09:38 45 @ 1,932.00p
09:38 29 @ 1,931.00p

Derwent London Key Personnel

CEO Paul M. Williams
CFO Damian Wisniewski

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