Derwent London plc REIT ( (GB:DLN) ) has provided an announcement.
Derwent London plc reported strong financial results for the year ending December 2024, driven by significant rental growth and strategic portfolio reshaping. The company achieved a 4.3% increase in rental values, the highest since 2016, and a positive total return of 3.2%. Key developments included the acquisition of a joint venture partner’s stake at 50 Baker Street and full pre-letting of office space at 25 Baker Street. The company anticipates continued growth with a projected portfolio ERV increase of 3% to 6% in 2025, supported by its extensive development pipeline and London’s robust office demand.
More about Derwent London plc REIT
Derwent London plc is a real estate investment trust (REIT) specializing in the development and management of high-quality, design-led sustainable offices in central London. The company focuses on regeneration projects and has a portfolio that balances core income properties with those offering regeneration potential. It has a strong track record of outperforming the central London office index.
YTD Price Performance: -1.74%
Average Trading Volume: 210,631
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.16B
Find detailed analytics on DLN stock on TipRanks’ Stock Analysis page.