The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

DLN.L

Concerning the House

Derwent London Plc owns a commercial real estate portfolio predominantly in central London valued at 5.1 billion pounds as of 31 December 2025. It is 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 redevelopment or refurbishment, effective asset management and capital recycling. We typically acquire central London properties off market with low capital values and modest rents in improving locations, most of which are either in the West End or City Borders. We capitalize on the unique qualities of each of our properties - taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design. Reflecting and supporting our long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing. We are frequently recognized in industry awards for the quality, design and innovation of our projects. Landmark buildings in our 5.3 million sq ft portfolio include 25 Baker Street W1, 1 Soho Place W1, 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1 and Tea Building E1. As part of our commitment to lead the industry in mitigating climate change, Derwent London has committed to becoming a net zero carbon business by 2030, with its updated pathway published in 2025. Our science-based carbon targets have been validated by the Science Based Targets initiative (SBTi). In 2013, we launched a voluntary Community Fund which to date has supported 200 community projects in central London. The Company is a public limited company, which is listed on the London Stock Exchange and incorporated and domiciled in the UK. The address of its registered office is 25 Savile Row, London, W1S 2ER. Derwent London Plc was established on April 25, 1984, and is incorporated in United Kingdom.

United Kingdom · www.derwentlondon.com

Quotation

$2,088.00

+12.00 (+0.6%)

52w hi$2,146.00
52w lo$1,508.53
Vol163.48K
As ofAug 13
The Verdict

Hold

Our score +0.34

Short+0.62
Medium+0.32
Long-0.17

computed 2026-08-13

By the Numbers

Derwent London Plc

Real Estate · REIT - Office

Market cap$2.31B
Enterprise value$3.68B
Trailing P/E48.56x
Forward P/E19.66x
EV / EBITDA22.83x
P / S (ttm)5.60x
Profit margin11.7%
Return on equity1.4%
Revenue growth+3.8%
Earnings growth
Debt / equity41.50
Risk Metrics
Beta vs SPX0.11
Corr SPX0.07
Annual vol24.5%
Annual ret-0.8%
Sharpe-0.03
Max DD-37.9%

Window: 504 trading days (491 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.08
Sector+0.04
Technical+0.41
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$2,080.00$2,114.00$2,064.00$2,088.00163.48K
Aug 12$2,086.00$2,098.00$2,054.00$2,076.00226.85K
Aug 11$2,036.00$2,092.00$2,036.00$2,068.00316.23K
Aug 10$2,112.00$2,112.00$2,064.00$2,086.00203.71K
Aug 7$2,050.00$2,120.00$2,036.00$2,100.00330.38K