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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Derwent London Plc | DLN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 27.00 | 1.39% | 1,972.00 | 16:35:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,940.00 | 1,932.00 | 1,975.00 | 1,972.00 | 1,945.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 08/08/2024 | Interim | GBP | 0.25 | 05/09/2024 | 06/09/2024 | 11/10/2024 |
| 28/02/2024 | Final | GBP | 0.55 | 25/04/2024 | 26/04/2024 | 31/05/2024 |
| 10/08/2023 | Interim | GBP | 0.245 | 07/09/2023 | 08/09/2023 | 13/10/2023 |
| 28/02/2023 | Final | GBP | 0.545 | 27/04/2023 | 28/04/2023 | 02/06/2023 |
| 11/08/2022 | Interim | GBP | 0.24 | 08/09/2022 | 09/09/2022 | 14/10/2022 |
| 24/02/2022 | Final | GBP | 0.535 | 28/04/2022 | 29/04/2022 | 01/06/2022 |
| 14/04/2021 | Interim | GBP | 0.23 | 09/09/2021 | 10/09/2021 | 15/10/2021 |
| 11/03/2021 | Final | GBP | 0.5245 | 29/04/2021 | 30/04/2021 | 04/06/2021 |
| Interim | GBP | 0.22 | 10/09/2020 | 11/09/2020 | 16/10/2020 |
| Top Posts |
|---|
Posted at 09/8/2024 22:51 by philanderer Evening EI .No opinion on the property sector . My wife holds a few DLN so I look in now and again . I hold SGRO mainly for the data centre play. |
Posted at 07/11/2023 10:47 by nickrl Q3 business update is an improvement on Q2 and shows parts of London still moving along well mind. As usual with DLN gold standard in info disclosure and some hefty rent frees being given but has often been the way with them so lagged income has to be taken into consideration.Clearly demand for high end flats isn't down in London as they've managed to flog 4 off plan at Baker St already raking in 21.5m. Because its low divi yield not on my watchlist so missed out on the impressive bounce back last week. |
Posted at 13/8/2023 20:41 by nickrl Interims show that London isn't as rosy for DLN as some of its peers very little rental growth with slight drop in NAV. That said they are holding onto tenants and have a fair amount of additional income from either rent frees or contracted increases coming through over next few years. There two big developments are largely supported by pre lets which is just as well giving debt pile being added to.Lousy yield makes it of no interest at these levels but suspect it will have a floor otherwise a predator may come calling. Still top of the class with the info they provide. |
Posted at 27/3/2023 16:41 by essentialinvestor I bought back in to GPE today, just a small amount to start with. GPE has very approx 30% in West End retail, DLN about 10%. Helical the most concentrated office play of the 3 with approx 98% office.I can't remember this level of NAV discount, may be in the very teeth of the GFC. |
Posted at 23/3/2023 16:38 by essentialinvestor I added a small amount of Helical today and monitoring GPE for a buy.GPE, DLN and HLCL all could be taken out by an overseas buyer, however that's a highly speculative reason to buy. All 3 REITS sold assets over multiple years to the cycle top, particularly GPE, which appears to excell at crystallising profits. This sector niche may be worth watching for an opportunity, but as arja mentions the charts look ugly atm with lower levels more than likely on the way. |
Posted at 23/3/2023 14:45 by arja DLN and the property companies have awful downtrending charts . I rarely have time to study the fundamentals but it is mainly because of rising interest rates or less demand for renting in the cities ?? |
Posted at 26/9/2022 11:32 by nickrl TRCML whilst London certainly facing increasing vacancy levels not sure its a SF situation by a long way yet so sitting on a 50% discount seems ludicrous but all sense of rational thinking is being abandoned currently. DLN are in reasonable shape over rental income currently but have some hefty committed (£650m) capex on buildings which im not clear whether they have raised the debt to cover it but they have no immediate refinancing until 2024. Never interested me this one because divi yield low and still is at this crashed share price and because scope for raising divi isn't great as its only just covered now but they do have new developments being crystallised with tenants so it won't need to drop.Guess the attraction here is whether an overseas buyer moves in to hoover it up at this discount aided an abetted by being able to do it for 20% less dollars as well. |
Posted at 26/9/2022 10:10 by trcml Thank you for for your comments. They didn't influence me to sell (which I did a while back) but glad i did as I needed the money to buy more of LSEG. The steady decline in DLN smacks of the San Francisco syndrome. |
Posted at 23/7/2022 10:02 by nickrl TRCML public Transport operators in London still reporting significant reductions in passenger levels even on the "in work" days of Tue/Weds/Thurs of c65-70% of pre covid demand much lower on Mon/Fri. So you would think this would be a proxy for a longer term reduced demand for office space in the long run although I get this is going to be a slow burn. My initial view with DLN was they were at some risk with quite a high level of expiries or breaks coming due but to my surprise that hasn't been an issue for them so I guess there is certainly a place for offices in certain sectors that will underpin them. So i still see businesses will run down there overall office accommodation but more likely to be back office type space that gets reduced rather than that which allows collaboration.Yield too lousy here to interest me though. |
Posted at 20/3/2021 11:49 by philanderer QD view – property one year on from lockdownBusinesses will still have a shiny HQ office and will continue to need attractive space to appeal to talent. They just may not need as much of it. This, I believe, will have a bigger impact on the older, poorly located offices than on prime offices. There is likely to be a flight to quality that will benefit the likes of British Land (BLND), Great Portland Estates (GPOR), Derwent London (DLN) and Helical (HLCL), which all have quality portfolios in London. Rents are expected to stall from an overall drop in demand, however, supply of office space has been at historic lows for a while. Permitted development rights allowing office-to-residentia |
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