Stay updated with breaking news from Emily prideaux. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Derwent London (LON:DLN – Get Rating) had its price target decreased by Berenberg Bank from GBX 3,700 ($48.71) to GBX 3,500 ($46.08) in a report released on Tuesday, Marketbeat reports. Berenberg Bank currently has a buy rating on the real estate investment trust’s stock. Several other research firms have also recently commented on DLN. Peel […]
Investegate |Derwent London PLC Announcements | Derwent London PLC: Director/PDMR Shareholding investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020 WELL POSITIONED FOR A CHANGING WORLD Financial highlights • Total return of -1.8%, from 6.6% in 2019 • EPRA net tangible assets1 3,812p per share, down 3.7% from 3,957p in December 2019 • Gross rental income of £202.9m, up 5.8% from £191.7m • Net rental income of £174.3m, down 2.1% from £178.0m, after £14.2m impairment and write-offs • Rent collection for 2020 now 92% plus 5% under agreed payment plans and 3% granted rent-frees • EPRA earnings of £111.0m, or 99.2p per share, down 3.8% from 103.1p in 2019 • Proposed final dividend raised 1.9% to 52.45p • Full year dividend of 74.45p per share from 72.45p, up 2.8% • Two debt facilities arranged or extended totalling £550m
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;