Derwent London (LON:DLN) Releases Earnings Results

Derwent London (LON:DLN) released its earnings results on Thursday. The real estate investment trust reported GBX 106.50 ($1.34) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%.

Derwent London Price Performance

DLN stock opened at GBX 1,839 ($23.13) on Friday. The firm has a market cap of £2.06 billion, a price-to-earnings ratio of -5.71, a PEG ratio of 23.10 and a beta of 1.03. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68. Derwent London has a 12-month low of GBX 1,823 ($22.93) and a 12-month high of GBX 2,530 ($31.82). The company’s fifty day simple moving average is GBX 1,928.47 and its 200 day simple moving average is GBX 2,136.65.

Wall Street Analyst Weigh In

Separately, Shore Capital upgraded shares of Derwent London to a “buy” rating in a report on Wednesday, December 4th.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.