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DLN Derwent London Plc

1,840.00
-30.00 (-1.60%)
Last Updated: 11:21:30
Delayed by 15 minutes
Derwent London Investors - DLN

Derwent London Investors - DLN

Share Name Share Symbol Market Stock Type
Derwent London Plc DLN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-30.00 -1.60% 1,840.00 11:21:30
Open Price Low Price High Price Close Price Previous Close
1,850.00 1,832.00 1,870.00 1,870.00
more quote information »
Industry Sector
REAL ESTATE INVESTMENT TRUSTS

Top Investor Posts

Top Posts
Posted at 06/9/2024 12:41 by nickrl
3.3% yield is of no interest but its London centric assets make it appealing to overseas investors is i guess why its progressing
Posted at 17/2/2021 13:54 by philanderer
New City buildings planned as investors bet on post-pandemic return to London offices
Posted at 03/2/2021 18:19 by philanderer
'China leads £46bn race for London property'

Commercial real estate in the UK capital is 'top of investor wishlists' despite a boom in home working during the pandemic
Posted at 18/1/2021 13:55 by philanderer
Aviva Investors shows £100m vote of confidence in London, with plans to create new office campus
Posted at 07/1/2021 14:19 by philanderer
Investor confidence in the London office market picks up following sales plunge, research shows

Investor spend on central London commercial property tumbled by £3.9 billion last year, but demand improved in the final quarter…
Posted at 21/12/2020 13:25 by philanderer
Central London offices still attractive to investors, despite Covid-19 disruption
Posted at 19/12/2020 00:53 by philanderer
Shares in quality office landlords such as Helical (HLCL) and Derwent London (DLN) trade at sizeable discounts to NAV. Given the ultra-prime location of their offices, broadly stable asset valuations and solid balance sheets, that looks to be an overly harsh judgement of their prospects by the market.

Investors are likely to have to pay a high premium for exposure to safer returns from popular logistics stocks, but those willing to stomach greater risk may find more compelling value within the office sector.
Posted at 19/10/2020 12:46 by philanderer
Canny investors are betting the London office market isn't as dead as feared. Witness British Land, Land Securities and Great Portland Estates
Posted at 08/9/2020 08:56 by philanderer
Morning EI, yes Panmure downbeat..


In sellside, Panmure Gordon’s down to “hold” on Derwent London:

The period post the EU referendum was one of uncertainty for the London office market with values and rents moving sideways. As a result, the London office REITs traded at a 20-30% discount to NAV, the lack of visibility or any signs of growth putting investors off.

However, at the end of 2019 post the general election it felt like there was a clear pathway to growth and the stocks (including Derwent) moved to a premium to NAV in anticipation.

This optimism has come to a grinding halt post COVID-19 and whilst we highlighted in our May note concerns about the impact of a wider economic fall-out on the London office market, it appears four months later that a structural change in the way we work might have a bigger impact over the medium term.

The net result, whatever the outcome, is a return to uncertainty and a discount to NAV. Therefore, whilst we continue to believe Derwent London looks attractive trading on a 29% discount to NAV, until there is greater clarity of outlook, we see the shares moving sideways and downgrade from Buy to Hold adjusting our target price to 2886p (20% discount to current+1 NAV) from 3556p.
Posted at 26/8/2020 13:05 by essentialinvestor
Hi Jack, unfortunately not!.. had a small amount on a few occasions only.

Expecting a sharper sell off here which has not happened up to now.

With the continued media comment on the future of office work,

It might be worth considering why the share price has been relatively resilient.

Perhaps some investors may see demand longer term from

certain industries. Anything collaborative, for example media, PR, marketing etc

are perhaps better served in an office environment, also any organisation requiring higher security with

client and internal communications.

There must be a reason this is not significantly lower.

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