Derwent London (LON:DLN) Posts Quarterly Earnings Results

Derwent London (LON:DLN) announced its earnings results on Thursday. The real estate investment trust reported GBX 106.50 ($1.35) earnings per share for the quarter, Digital Look Earnings reports. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%.

Derwent London Price Performance

Shares of DLN traded down GBX 66 ($0.84) during mid-day trading on Thursday, hitting GBX 1,869 ($23.70). The company’s stock had a trading volume of 577,083 shares, compared to its average volume of 444,419. The firm has a 50-day simple moving average of GBX 1,932.64 and a 200 day simple moving average of GBX 2,142.06. 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 firm has a market capitalization of £2.09 billion, a P/E ratio of -5.80, a P/E/G ratio of 23.10 and a beta of 1.03. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68.

Wall Street Analysts Forecast Growth

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.