Derwent London (DLN)
market vs.
industry GROWTH & VALUE
| 12m Forecast Rolling | ||||
| PE Ratio (f) | 46.8 |
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| Valuation (ttm) | ||||
| Price to Book Value | 1.39 |
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market vs.
industry QUALITY
| Year End 31st Dec | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013E | 2014E | CAGR / Avg | |
| Revenue | £m | |||||||||
| Operating Profit | £m | |||||||||
| Net Profit | £m | |||||||||
| EPS Reported | p | |||||||||
| EPS Normalised | p | |||||||||
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| PE Ratio | x | |||||||||
| PEG | x | |||||||||
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| Op. Cashflow ps | p | |||||||||
| Capex ps | p | |||||||||
| Free Cashflow ps | p | |||||||||
| Last ex-div: 8th May, paid: 14th Jun more... Dividends | ||||||||||
| Dividend ps | p | |||||||||
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| Dividend Cover | x | |||||||||
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| Cash etc | £m | |||||||||
| Working Capital | £m | |||||||||
| Net Fixed Assets | £m | |||||||||
| Net Debt | £m | |||||||||
| Book Value | £m | |||||||||
| Average Shares | m | |||||||||
| Book Value ps | p | +0.7% | ||||||||
FINANCIAL BRIEF: For the fiscal year ended 31 December 2012, Derwent London Plc revenues decreased less than 1% to L150.6M. Net income decreased 1% to L226.9M. Revenues reflect Other Income increase of 25% to L2.5M, also reflect Gross property income decrease of 1% to L124.8M, Service charge income decrease of less than 1% to L23.3M. Net income was partially offset by Financial derivative termination costs increase from L0K to L6.9M (expense). more »
| Leverage (ttm) | Total | Ex Intang | |||
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market vs.
industry RECENT HISTORY
| Latest interim period (ended 31st Dec '12) vs. prior year | ||||
| Sales Growth | % |
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BROKER CONSENSUS & FORECAST TREND
| Recommendation: | Strong Sell | Sell | Hold | Buy | Strong Buy |
|---|---|---|---|---|---|
| No. of Analysts: | 0 | 0 | 9 | 4 | 3 |
Derwent London plc is a real estate investment trust (REIT) focused on the central London commercial property market. As of December 31, 2011, the Company's portfolio comprised 5.4 million square feet of properties. Of its portfolio, 77% is in the West End, the main focus of its operations, in villages, such as Fitzrovia, Victoria, Belgravia and Marylebone. The City borders account for 19% and include villages, such as Old Street, Clerkenwell, Holborn and Shoreditch, and the remaining 4% is in Scotland, on the northern outskirts of Glasgow. The portfolio consists of 122 buildings and has over 600 tenants, covering a range of business sectors. As of December 31, 2011, media, television, marketing and advertising tenants accounted for 29% of its net rental income, whilst professional and business services tenants comprised 28% and 13% of the Company's income was from retail sales outlets. In July 2012, the Company acquired Francis House, 11 Francis Street, London SW1.
Directors: John Burns (CEO) 67, Damian Wisniewski (Fin. Dir.) 50, Gary Preston (Contr.) , Nigel George (Exec. Dir.) 48, Simon Silver (Exec. Dir.) 61, David Silverman (Exec. Dir.) 42, Paul Williams (Exec. Dir.) 51, Louise Rich (Ex.Off.) , Richard Baldwin (Ex.Off.) , Russell Durling (Ex.Off.) ,
No. of Employees: 83 No. of Shareholders: n/a
| Last Annual | December 31st, 2012 |
| Last Interim | December 31st, 2012 |
| Shares in Issue | 102,014,231 |
| Free Float | 83.3m (81.6%) |
| Sector | Financials |
| Industry | Residential & Commercial REITs |
| Index | FTAS REI TRUSTS IDX, FTSE 350 Act , FTSE Lower Yield , FTSE 250 Mid , FTSE350 Rei Trusts , FT350 Real Estat , |
| Exchange |
London Stock Exchange (Full) |
| Eligible for | an ISA? a SIPP? |
| Address | 25 Savile Row, LONDON, W1S 2ER, United Kingdom |
| Web | http://www.derwentlondon.com |
| Phone | +44 20 76593000 |
| Contact | Louise Rich (Head of Investor Relations) |
| Registrar | Equiniti |
| Auditors | BDO LLP |
| Tue 11:15am | Holding(s) in Company |
| Tue 10:30am | Blocklisting Interim Review |
| Fri 5:00pm | Result of AGM |
| 15th May | Scrip Dividend Scheme |
| 10th May | Holding(s) in Company |
| 10th May | Interim Management Statement |
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