Derwent London (DLN)

Sector:

Property Investment Trusts

Index:

FTSE 250

2,294.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 2,402.00
  • 52 Week Low: 1,779.00
  • Currency: UK Pounds
  • Shares Issued: 112.29m
  • Volume: 160,612
  • Market Cap: £2,575.95m
  • RiskGrade: 145

Derwent says London demand returns as tenants pay premium

By Frank Prenesti

Date: Thursday 05 May 2022

LONDON (ShareCast) - (Sharecast News) - London office landlord Derwent said demand for space had resumed after the Covid pandemic, with tenants prepared to pay premium rents for space.
The company on Thursday said London had become "busy again" after the move to home working during pandemic lockdowns.

"With the shortage of grade A space becoming more apparent, many occupiers are prepared to pay premium rents for space that meets their requirements," Derwent said, adding that it had leased out about 65,000 sq ft of space so far this year.

New lettings were worth £3.9m in annual rent, up 8.2% on the estimated rental value of the space in December last year. Leases worth another £3.3m in income were also under offer, Derwent said.

In a separate announcement, Derwent said it had bought the site of the Moorfields Eye Hospital and the UCL Institute of Ophthalmology for £239m.

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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 2,294.00p
Change Today 8.00p
% Change 0.35 %
52 Week High 2,402.00
52 Week Low 1,779.00
Volume 160,612
Shares Issued 112.29m
Market Cap £2,575.95m
RiskGrade 145

Derwent London Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.02% below the market average16.02% below the market average16.02% below the market average16.02% below the market average16.02% below the market average
85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average
Price Trend
2.21% above the market average2.21% above the market average2.21% above the market average2.21% above the market average2.21% above the market average
26.67% above the sector average26.67% above the sector average26.67% above the sector average26.67% above the sector average26.67% above the sector average
Income
4.04% below the market average4.04% below the market average4.04% below the market average4.04% below the market average4.04% below the market average
70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average
Growth
54.71% below the market average54.71% below the market average54.71% below the market average54.71% below the market average54.71% below the market average
51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average

What The Brokers Say

Strong Buy 6
Buy 5
Neutral 6
Sell 1
Strong Sell 1
Total 19
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 25-Apr-24 07-Sep-23
Paid 31-May-24 13-Oct-23
Amount 55.00p 24.50p

Trades for 07-Jun-2024

Time Volume / Share Price
16:37 3,052 @ 2,294.00p
16:35 88,105 @ 2,294.00p
16:35 178 @ 2,294.00p
16:35 958 @ 2,294.00p
16:35 323 @ 2,294.00p

Derwent London Key Personnel

CEO Paul M. Williams
CFO Damian Wisniewski

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