Educational information, not financial advice or a personal recommendation. Not regulated by the FCA. Do your own research. Capital at risk.

Derwent London Plc (DLN.L)

Real Estate Balanced

Derwent London owns and rents out stylish, design-led office spaces nestled right in the heart of the capital.

£21.04
≈ 2,104p · London-listed shares are usually quoted in pence (GBX) elsewhere; the Almanac shows pounds (£1 = 100p).

Is Derwent London Plc a good stock for a UK beginner?

The honest version: Derwent London owns and rents out stylish, design-led office spaces nestled right in the heart of the capital.

No rating · no target price · nothing for sale here
Price-8.4%
= past earnings-report date
52-week range+4% past year
£21.04
Low £14.69High £21.36
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Derwent London Plc
£916-8%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£2.33B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
442.49K
Day range: The lowest and highest price the shares traded at during the latest day.
£20.98 – £21.36
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£14.69 – £21.36
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
14.7
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
3.9%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.19
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.19
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +0% past week · ▲ +4% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

A sustained flight to quality where businesses only want top-tier, eco-friendly offices.

The bear case

A structural shift to remote work permanently dampening demand for city offices.

What does Derwent London Plc do?

Picture walking past a striking, modern office building in central London that looks more like a boutique hotel than a boring workplace—that is Derwent's bread and butter. They make their money by snapping up properties, tarting them up to be sustainable and trendy, and collecting rent from companies who want a cool postcode. The critical puzzle piece to keep an eye on is how they balance hefty renovation costs with the shifting habits of office workers.

VQGMI
Factor profile

On our factor screen it looks strongest on momentum and income, and weakest on value.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 30Quality: How profitable and financially healthy the company is (higher = stronger). 58Growth: How fast revenue and earnings are growing (higher = faster). 52Momentum: How the share price has been trending recently (higher = stronger recent run). 76Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 58
Quick checks
What's strong
  • Momentum screens high (76/100)
  • Owns a high-end portfolio of buildings in desirable London locations
  • Solid dividend yield providing regular cash returns
  • Trading at a discount to the net value of its physical assets
What to watch
  • Value screens low (30/100)
  • Shifting corporate attitudes towards physical office space
  • Interest rate changes impacting property valuations
  • High costs associated with upgrading buildings to modern green standards

What do Derwent London Plc's numbers mean?

P/E
14.7
This shows how many pounds investors are paying for every pound of current earnings, acting as a quick gauge of relative cost.
P/B
0.7
This compares the share price to the underlying physical value of their buildings, and being below 1 means the market is pricing the shares at less than the book value of the bricks and mortar.
Dividend yield
3.9%
This tells you the annual cash payout expressed as a percentage of the share price, rewarding patient shareholders while they wait.
Beta
1.2
This measures how bouncy the share price is compared to the wider stock market, with anything over 1 meaning it tends to swing a little harder.

Does Derwent London Plc pay a dividend?

Yes - Derwent London Plc currently pays a dividend of about 3.9% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

When does Derwent London Plc report earnings, and how did recent quarters go?

Derwent London Plc is next scheduled to report on about 2026-08-06 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2020-08-10£0.09£0.15Beat +60%

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Real Estate

Simon Property Group, Inc.Federal Realty Investment TrustHost Hotels & Resorts, Inc.VICI Properties Inc.Iron Mountain IncorporatedHealthpeak Properties, Inc.Regency Centers CorporationWelltower Inc.

What are the scenarios for Derwent London Plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£26£21£14today · £21▲ Bull · £24• Base · £21▼ Bear · £18in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+10% to +18%Stronger than expected rental demand for central London workspaces.
Base
-2% to +5%Steady leasing activity with stable property valuations.
Bear
-12% to -20%Economic wobbles causing tenants to hesitate on signing new leases.

What are the pros and cons of Derwent London Plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Owns a high-end portfolio of buildings in desirable London locations
  • Solid dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone. providing regular cash returns
  • Trading at a discount to the net value of its physical assets
The catch3
  • Recent earnings have taken a notable hit
  • Return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business. is relatively modest
  • Vulnerable to wider property market wobbles and financing costs
Key risks3
  • Shifting corporate attitudes towards physical office space
  • Interest rate changes impacting property valuations
  • High costs associated with upgrading buildings to modern green standards
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: none · Charts by TradingView Lightweight Charts™
Found this useful? The Almanac is free and ad-free - a coffee keeps it that way.Support →

Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.