Derwent London (LON:DLN) Releases Quarterly Earnings Results

Derwent London (LON:DLN) announced 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 Stock Performance

Shares of DLN stock opened at GBX 1,857 ($23.41) on Friday. The stock has a 50-day moving average of GBX 1,931.12 and a 200-day moving average of GBX 2,138.75. The stock has a market cap of £2.08 billion, a PE ratio of -5.76, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. Derwent London has a one year low of GBX 1,823 ($22.98) and a one year high of GBX 2,530 ($31.89). The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38.

Analysts Set New Price Targets

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

About Derwent London

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.