Derwent London Plc
Research Derwent London Plc (DLN.L) on Bullrun: market cap GBX 195.13B, P/E 41.3, dividend yield 4.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerDLN.L
- ExchangeLSE
- CountryUnited Kingdom
- SectorReal Estate
- IndustryREIT - Office
- CurrencyGBX
- Market capGBX 195.13B
- P/E41.3
- Dividend yield4.5%
- Financial periodFY2025
- RevenueGBP 388.70M
- Revenue growth40.0%
- Net incomeGBP 161.10M
- Free cash flowGBP 68.90M
- Gross margin51.8%
Valuation Snapshot
latest market cap is GBX 195.13B; P/E is 41.3; dividend yield is 4.5%.
Peer valuation comparison
Latest P/E is 41.35x versus a Real Estate sector median of 14.04x (194.4% above).
Latest dividend yield is 4.52% versus a Real Estate sector median of 4.76% (5.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | GBP 388.70M | GBP 161.10M | GBP 68.90M | 51.8% | 1.44 | GBP 77.20M | GBP 1.53B | GBP 3.62B |
| FY2024 | GBP 277.70M | GBP 115.90M | -GBP 76.90M | 71.6% | 1.03 | GBP 15.40M | GBP 1.50B | GBP 3.54B |
| FY2023 | GBP 266.00M | -GBP 476.40M | -GBP 55.20M | 72.7% | -4.24 | GBP 13.90M | GBP 1.37B | GBP 3.51B |
| FY2022 | GBP 249.30M | -GBP 280.50M | -GBP 11.30M | 77.7% | -2.5 | GBP 26.90M | GBP 1.28B | GBP 4.08B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-04 | GBX 195.13B | 41.3 | 4.6% | 0.82 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.82 GBX, yield 4.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 81 GBP |
| FY2024 | 80 GBP |
| FY2023 | 79 GBP |
| FY2022 | 77.5 GBP |
| FY2021 | 75.45 GBP |
About Derwent London Plc
Derwent London Plc owns a commercial real estate portfolio predominantly in central London valued at 5.0 billion pounds as at 30 June 2026, making it the largest London office-focused real estate investment trust (REIT). Their experienced team has a long track record of creating value throughout the property cycle by regenerating buildings via redevelopment or refurbishment, effective asset management and capital recycling.
ETFs that hold Derwent London Plc
Derwent London Plc is one of the ten largest holdings of 4 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| iShares UK Property UCITS ETF GBP (Dist) | 4.16% | 0.40% |
| State Street SPDR S&P UK Dividend Aristocrats UCITS ETF | 3.50% | 0.30% |
| iShares UK Property UCITS ETF EUR Hedged (Acc) | 3.77% | 0.42% |
| Saba Capital Investment Trusts UCITS ETF Accumulating | 6.88% | 1.50% |
Related stock research
Other Real Estate stocks
Frequently asked questions
What is Derwent London Plc's market cap?
Derwent London Plc's market capitalization is GBX 195.13B.
What is Derwent London Plc's P/E ratio?
Derwent London Plc's price-to-earnings (P/E) ratio is 41.3.
Does Derwent London Plc pay a dividend?
Derwent London Plc has a dividend yield of 4.5%.
What does Derwent London Plc do?
Derwent London Plc owns a commercial real estate portfolio predominantly in central London valued at 5.0 billion pounds as at 30 June 2026, making it the largest London office-focused real estate investment trust (REIT). Their experienced team has a long track record of creating value throughout the property cycle by regenerating buildings via redevelopment or refurbishment, effective asset management and capital recycling.