Derwent London (LON:DLN) Releases Quarterly Earnings Results

Derwent London (LON:DLN) announced its quarterly earnings data on Thursday. The real estate investment trust reported GBX 106.50 ($1.35) 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

DLN traded down GBX 66 ($0.84) during trading on Thursday, reaching GBX 1,869 ($23.70). 577,083 shares of the company’s stock were exchanged, compared to its average volume of 444,419. The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38. Derwent London has a 1 year low of GBX 1,823 ($23.12) and a 1 year high of GBX 2,530 ($32.09). The company’s fifty day simple moving average is GBX 1,932.64 and its 200-day simple moving average is GBX 2,142.06. The stock has a market capitalization of £2.09 billion, a P/E ratio of -5.80, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03.

Wall Street Analyst Weigh In

Separately, Shore Capital raised 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.