Derwent London plc owns a portfolio of commercial real estate predominantly in central London valued at £4.2 billion as at 31 December 2014, making it the largest London-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. We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt. We capitalise on the unique qualities of each of our properties – taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design. Reflecting and supporting our long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing. Landmark schemes in our portfolio of 5.7 million sq ft as at 31 December 2014 include Angel Building EC1, The Buckley Building EC1, White Collar Factory EC1, 1-2 Stephen Street W1, Horseferry House SW1 and Tea Building E1. In December 2014 Derwent London topped the real estate sector for the fifth year in a row and was placed ninth overall in the Management Today awards for ‘Britain’s Most Admired Companies’. Also in 2014 the Group won the Property Week ‘Developer of the Year’ and the RICS London Commercial Award, and was shortlisted for awards by Architects’ Journal, BCO, NLA and OAS. The Group was also awarded EPRA Gold for corporate and sustainability reporting.
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Type
Public
HQ
London, GB
Founded
1985
Size (employees)
100 (est)
Derwent London was founded in 1985 and is headquartered in London, GB
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Derwent London Office Locations

Derwent London has an office in London
London, GB (HQ)
25 Savile Row
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Derwent London Financials and Metrics

Derwent London Financials

Derwent London's revenue was reported to be £193.70 m in FY, 2016
GBP

Revenue (FY, 2016)

193.7 m

Net income (FY, 2016)

53.6 m

EBITDA (FY, 2016)

89.1 m

EBIT (FY, 2016)

88.7 m

Market capitalization (31-Oct-2017)

3 b

Closing share price (31-Oct-2017)

26.7

Cash (31-Dec-2016)

17.7 m
Derwent London's current market capitalization is £3 b.
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

113.7 m120.4 m125.3 m121.1 m150.9 m150.6 m160.5 m180.5 m204.9 m193.7 m

Revenue growth, %

12%14%

Cost of goods sold

9.9 m24.9 m10.5 m8.1 m36.5 m38.8 m51.8 m

Gross profit

103.8 m95.5 m114.8 m113 m114.1 m121.7 m128.7 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

10.3 m10.5 m19 m7.2 m3.5 m4.4 m12.5 m14.8 m6.5 m17.7 m

Accounts Receivable

16.5 m14.9 m22.9 m11.2 m13.3 m16.8 m19.6 m13.9 m15.9 m20.3 m

Inventories

9.4 m7.5 m

Current Assets

84.1 m74.2 m64 m44.9 m48.5 m55.2 m88.6 m71 m69.7 m67.9 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

100.9 m(597.2 m)(25.5 m)352.8 m234.3 m232.7 m465.5 m749.8 m777.2 m53.6 m

Cash From Operating Activities

28.4 m38.3 m66.4 m46.5 m47.2 m52.5 m57.5 m65.6 m76 m77.7 m

Dividends Paid

13.2 m22.5 m24.7 m27.9 m25.4 m30.4 m21.9 m36.2 m33.3 m48.6 m

Cash From Financing Activities

(91 m)62.7 m(157.6 m)132.3 m(41.9 m)(31.4 m)42.9 m23.4 m2 m(57 m)
GBPY, 2016

Financial Leverage

1.3 x
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