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 (EPS) 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 Derwent London stock traded down GBX 66 ($0.84) during mid-day trading on Thursday, reaching GBX 1,869 ($23.70). 577,083 shares of the stock traded hands, compared to its average volume of 444,419. The stock has a market capitalization of £2.09 billion, a PE ratio of -5.80, a PEG ratio of 23.10 and a beta of 1.03. The business has a 50-day moving average of GBX 1,932.64 and a 200 day moving average of GBX 2,142.06. Derwent London has a fifty-two week low of GBX 1,823 ($23.12) and a fifty-two week high of GBX 2,530 ($32.09). The company has a quick ratio of 0.38, a current ratio of 0.51 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.