Edition:
United Kingdom

Derwent London PLC (DLN.L)

DLN.L on London Stock Exchange

3,284.00GBp
22 May 2019
Change (% chg)

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3,284.00
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Avg. Vol
249,486
52-wk High
3,352.00
52-wk Low
2,745.00

Latest Key Developments (Source: Significant Developments)

Derwent London Says Demand For Its Space Remains Strong
Thursday, 9 May 2019 

May 9 (Reuters) - Derwent London Plc ::Q1 2019 BUSINESS UPDATE.LETTINGS YEAR TO DATE TOTAL 17.2 MLN STG ON 217,600 SQ FT, ON AVERAGE 6.2 PCT ABOVE DECEMBER 2018 ERV.LTV RATIO AT 31 MARCH 2019 WAS 17.5 PCT WITH UNDRAWN FACILITIES AND CASH OF 500 MLN .DEMAND FOR DERWENT LONDON'S SPACE REMAINS STRONG.NET DEBT INCREASED IN QUARTER ENDED 31 MARCH 2019 BY 23.8 MLN STG TO 980.7 MLN STG AFTER CAPITAL EXPENDITURE INCURRED OF 48.1 MLN STG.LOAN-TO-VALUE RATIO WAS 17.5 PCT, BASED ON 31 DECEMBER 2018 PROPERTY VALUES, FROM 17.2 PCT AT YEAR END.  Full Article

Derwent London To Place 250 Mln Stg Senior Unsecured Notes
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Derwent London Plc ::250 MILLION POUNDS US PRIVATE PLACEMENT.SIGNED AN AGREEMENT WITH EIGHT INSTITUTIONAL INVESTORS FOR A PRIVATE PLACEMENT OF £250 MILLION NEW SENIOR UNSECURED NOTES.  Full Article

Derwent London FY EPRA EPS Increased 22.4%
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Derwent London Plc ::‍PROPOSED SPECIAL DIVIDEND OF 75P PER SHARE TO BE PAID IN JUNE 2018​.FY EPRA EARNINGS PER SHARE INCREASED 22.4% TO 94.2P PER SHARE.FOR FY, ‍RECORD NEW LETTINGS ACHIEVING £41.5M, ON AVERAGE 1.3% ABOVE DECEMBER 2016 ERV​.‍REQUIRED CAPITAL EXPENDITURE OF £265.0M TO COMPLETE MAJOR YEAR END PROJECTS​.FY NET RENTAL INCOME INCREASED 10.4% TO £161.1M FROM £145.9M.‍PORTFOLIO VALUED AT £4.9BN AT YEAR END, UNDERLYING VALUATION UPLIFT ON DEVELOPMENTS WAS 16 PERCENT​.FY FINAL DIVIDEND RAISED 10.1% TO 42.4P TO GIVE FULL YEAR DIVIDEND OF 59.73P.FY EPRA 1 NET ASSET VALUE PER SHARE INCREASED 4.6% TO 3,716P FROM 3,551P IN 2016.‍2018 ESTIMATED RENTAL VALUES GUIDANCE OF +2% TO -3%​.‍623,000 SQ FT UNDER CONSTRUCTION FOR DELIVERY IN 2019 NOW 45% PRE-LET​.  Full Article

Derwent London says ‍City of Westminster grants planning permission on two projects ​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Derwent London Plc ::‍CITY OF WESTMINSTER HAS RESOLVED TO GRANT PLANNING PERMISSION ON TWO PROJECTS TOTALLING 443,000 SQ FT​.DERWENT LONDON - ‍FIRST PROJECT IS A MIXED-USE DEVELOPMENT AT 19-35 BAKER STREET W1, SECOND PROJECT FOR A RETAIL-LED PROJECT AT HOLDEN HOUSE, OXFORD STREET W1​.  Full Article

Derwent London Plc says year-to-date ‍on average new lettings have been 1.3% above Dec 2016 ERV​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Derwent London Plc :Year-To-Date ‍on average new lettings have been 1.3% above December 2016 ERV​.In 2017 to date have let or pre-let 674,800 sq ft achieving £41.2m pa of rent​.Proforma LTV adjusting for disposals since september 2017 is 12.7%​.‍At 30 Sept 2017 cash and undrawn facilities were £422m and LTV was 15.3%​.Good occupier and investment demand means that 2017 will be a record year for Derwent London's lettings and investment disposals.  Full Article

Derwent London reports HY earnings of 45.42p/share
Thursday, 10 Aug 2017 

Aug 10 (Reuters) - Derwent London Plc :HY ‍EPRA 1 NET ASSET VALUE PER SHARE INCREASED 0.9% TO 3,582P FROM 3,551P AT 31 DECEMBER 2016​.HY ‍NET RENTAL INCOME INCREASED 9.2% TO £79.3M FROM £72.6M IN H1 2016​.‍HY EPRA EARNINGS PER SHARE INCREASED 22.3% TO 45.42P PER SHARE FROM 37.13P​.‍INTERIM DIVIDEND PER SHARE RAISED 25% TO 17.33P​.‍RECORD SIX MONTHS OF LETTINGS TOTALLING £23.4M, ON AVERAGE 0.5% ABOVE DECEMBER 2016 ERV​.‍POTENTIAL SURPLUS OF £170M STILL TO COME ON SUCCESSFUL EXECUTION OF TWO PROJECTS FOR DELIVERY 2019​.‍GUIDANCE FOR 2017 ERV RAISED TO A RANGE OF 2% TO -3% FROM 0% TO -5%​.‍EXPECT TO RAISE 2017 FINAL DIVIDEND BY 10%​.  Full Article

Derwent London pre-let lower ground floors and a new office pavilion
Thursday, 10 Aug 2017 

Aug 10 (Reuters) - Derwent London Plc :DERWENT LONDON - PRE-LET LOWER GROUND FLOORS AND A NEW OFFICE PAVILION AT WHITE CHAPEL BUILDING, 10 WHITECHAPEL HIGH STREET E1, TO FOTOGRAFISKA.  Full Article

Derwent London sells interest in copyright building
Monday, 3 Jul 2017 

July 3 (Reuters) - Derwent London Plc ::Derwent London sells the copyright building.Has exchanged contracts on sale of its long leasehold interest in copyright building, 30 Berners Street W1 to Union Investment Real Estate GMBH.Consideration is 165 mln stg, or 148.7 mls stg net of top-ups relating to rent free periods and a rent guarantee on vacant retail space.Completion of sale is expected in Q4 2017 after building has been completed.  Full Article

UPDATE 1-UK Stocks-Factors to watch on May 9

May 9 Britain's FTSE 100 index is seen opening 33 points lower at 7,238 on Thursday, according to financial bookmakers, while FTSE 100 futures were down 0.30 percent ahead of the cash market open.