Derwent London PLC (DLN) - Net Assets

Latest as of December 2025: GBX3.62 Billion GBX ≈ $440.16K USD

Based on the latest financial reports, Derwent London PLC (DLN) has net assets worth GBX3.62 Billion GBX (≈ $440.16K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX5.31 Billion ≈ $646.52K USD) and total liabilities (GBX1.70 Billion ≈ $206.37K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Derwent London PLC asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX3.62 Billion
% of Total Assets 68.08%
Annual Growth Rate 17.35%
5-Year Change -18.56%
10-Year Change -9.55%
Growth Volatility 74.57

Derwent London PLC - Net Assets Trend (1985–2025)

This chart illustrates how Derwent London PLC's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Derwent London PLC for the complete picture of this company's asset base.

Annual Net Assets for Derwent London PLC (1985–2025)

The table below shows the annual net assets of Derwent London PLC from 1985 to 2025. For live valuation and market cap data, see DLN stock market capitalisation.

Year Net Assets Change
2025-12-31 GBX3.62 Billion
≈ $440.16K		 +2.20%
2024-12-31 GBX3.54 Billion
≈ $430.69K		 +0.88%
2023-12-31 GBX3.51 Billion
≈ $426.92K		 -13.91%
2022-12-31 GBX4.08 Billion
≈ $495.87K		 -8.25%
2021-12-31 GBX4.44 Billion
≈ $540.44K		 +2.94%
2020-12-31 GBX4.32 Billion
≈ $525.02K		 -3.61%
2019-12-31 GBX4.48 Billion
≈ $544.71K		 +5.01%
2018-12-31 GBX4.26 Billion
≈ $518.73K		 +1.67%
2017-12-31 GBX4.19 Billion
≈ $510.19K		 +4.85%
2016-12-31 GBX4.00 Billion
≈ $486.61K		 +0.10%
2015-12-31 GBX4.00 Billion
≈ $486.12K		 +29.90%
2014-12-31 GBX3.08 Billion
≈ $374.22K		 +29.75%
2013-12-31 GBX2.37 Billion
≈ $288.42K		 +23.59%
2012-12-31 GBX1.92 Billion
≈ $233.37K		 +11.87%
2011-12-31 GBX1.71 Billion
≈ $208.61K		 +14.71%
2010-12-31 GBX1.49 Billion
≈ $181.86K		 +28.42%
2009-12-31 GBX1.16 Billion
≈ $141.61K		 -4.21%
2008-12-31 GBX1.22 Billion
≈ $147.83K		 -34.04%
2007-12-31 GBX1.84 Billion
≈ $224.11K		 +135.12%
2006-12-31 GBX783.40 Million
≈ $95.32K		 +29.23%
2005-12-31 GBX606.20 Million
≈ $73.76K		 +22.34%
2004-12-31 GBX495.50 Million
≈ $60.29K		 +3.75%
2003-12-31 GBX477.60 Million
≈ $58.11K		 -6.72%
2002-12-31 GBX512.00 Million
≈ $62.30K		 -4.07%
2001-12-31 GBX533.70 Million
≈ $64.94K		 +15.44%
2000-12-31 GBX462.30 Million
≈ $56.25K		 +20.96%
1999-12-31 GBX382.20 Million
≈ $46.50K		 +19.85%
1998-12-31 GBX318.90 Million
≈ $38.80K		 +49.30%
1997-12-31 GBX213.60 Million
≈ $25.99K		 +37.45%
1996-12-31 GBX155.40 Million
≈ $18.91K		 +17.57%
1995-12-31 GBX132.17 Million
≈ $16.08K		 +36.62%
1994-12-31 GBX96.75 Million
≈ $11.77K		 +52.62%
1993-12-31 GBX63.39 Million
≈ $7.71K		 +52.81%
1992-12-31 GBX41.48 Million
≈ $5.05K		 -28.18%
1991-12-31 GBX57.76 Million
≈ $7.03K		 -20.61%
1990-12-31 GBX72.75 Million
≈ $8.85K		 -13.61%
1989-12-31 GBX84.21 Million
≈ $10.25K		 +33.24%
1988-12-31 GBX63.21 Million
≈ $7.69K		 +39.18%
1987-12-31 GBX45.41 Million
≈ $5.53K		 +457.54%
1986-12-31 GBX8.14 Million
≈ $991.01		 +35.37%
1985-12-31 GBX6.02 Million
≈ $732.09		 --

Equity Component Analysis

This analysis shows how different components contribute to Derwent London PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 323071.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings GBX2.47 Billion 68.20%
Common Stock GBX5.60 Million 0.15%
Other Components GBX1.14 Billion 31.64%
Total Equity GBX3.62 Billion 100.00%

Derwent London PLC Competitors by Market Cap

The table below lists competitors of Derwent London PLC ranked by their market capitalization.

Company Market Cap
RDE, Inc.
NASDAQ:GIFT
 $23.53 Million
Pacific Booker Minerals Inc.
V:BKM
 $23.54 Million
Wolftank Group AG
XETRA:WAH
 $23.56 Million
CHINA NEW ENERGY LS-00025
F:9H5
 $23.59 Million
BoomBit S.A
WAR:BBT
 $23.50 Million
DRC Systems India Limited
NSE:DRCSYSTEMS
 $23.50 Million
Rimfire Pacific Mining Ltd
AU:RIM
 $23.49 Million
TT Vision Holdings Berhad
KLSE:0272
 $23.48 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Derwent London PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 3,539,800,000 to 3,615,300,000, a change of 75,500,000 (2.1%).
  • Net income of 161,100,000 contributed positively to equity growth.
  • Dividend payments of 90,800,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 32,700,000.
  • Other factors increased equity by 37,900,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX161.10 Million +4.46%
Dividends Paid GBX90.80 Million -2.51%
Other Comprehensive Income GBX-32.70 Million -0.9%
Other Changes GBX37.90 Million +1.05%
Total Change GBX- 2.13%

Book Value vs Market Value Analysis

This analysis compares Derwent London PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 53.41x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 2030.66x to 53.41x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1985-12-31 GBX0.85 GBX1720.00 x
1986-12-31 GBX0.11 GBX1720.00 x
1987-12-31 GBX3.79 GBX1720.00 x
1988-12-31 GBX3.73 GBX1720.00 x
1989-12-31 GBX4.97 GBX1720.00 x
1990-12-31 GBX4.30 GBX1720.00 x
1991-12-31 GBX3.41 GBX1720.00 x
1992-12-31 GBX2.45 GBX1720.00 x
1993-12-31 GBX3.12 GBX1720.00 x
1994-12-31 GBX3.28 GBX1720.00 x
1995-12-31 GBX4.02 GBX1720.00 x
1996-12-31 GBX3.93 GBX1720.00 x
1997-12-31 GBX5.05 GBX1720.00 x
1998-12-31 GBX6.07 GBX1720.00 x
1999-12-31 GBX7.20 GBX1720.00 x
2000-12-31 GBX8.69 GBX1720.00 x
2001-12-31 GBX10.02 GBX1720.00 x
2002-12-31 GBX9.63 GBX1720.00 x
2003-12-31 GBX8.92 GBX1720.00 x
2004-12-31 GBX9.25 GBX1720.00 x
2005-12-31 GBX11.26 GBX1720.00 x
2006-12-31 GBX14.50 GBX1720.00 x
2007-12-31 GBX18.39 GBX1720.00 x
2008-12-31 GBX11.66 GBX1720.00 x
2009-12-31 GBX11.12 GBX1720.00 x
2010-12-31 GBX14.23 GBX1720.00 x
2011-12-31 GBX16.29 GBX1720.00 x
2012-12-31 GBX18.18 GBX1720.00 x
2013-12-31 GBX20.46 GBX1720.00 x
2014-12-31 GBX26.08 GBX1720.00 x
2015-12-31 GBX34.06 GBX1720.00 x
2016-12-31 GBX35.23 GBX1720.00 x
2017-12-31 GBX36.96 GBX1720.00 x
2018-12-31 GBX37.60 GBX1720.00 x
2019-12-31 GBX39.49 GBX1720.00 x
2020-12-31 GBX38.09 GBX1720.00 x
2021-12-31 GBX39.51 GBX1720.00 x
2022-12-31 GBX36.30 GBX1720.00 x
2023-12-31 GBX31.25 GBX1720.00 x
2024-12-31 GBX31.44 GBX1720.00 x
2025-12-31 GBX32.21 GBX1720.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Derwent London PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 4.46%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 41.45%
  • • Asset Turnover: 0.07x
  • • Equity Multiplier: 1.47x
  • Recent ROE (4.46%) is below the historical average (4.78%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1985 7.73% 231.50% 0.03x 1.08x GBX-135.60K
1986 2.23% 13.67% 0.10x 1.60x GBX-632.50K
1987 2.73% 35.18% 0.07x 1.13x GBX-3.30 Million
1988 3.44% 51.76% 0.06x 1.20x GBX-4.15 Million
1989 5.61% 51.55% 0.08x 1.29x GBX-3.70 Million
1990 -0.36% -4.27% 0.06x 1.44x GBX-7.54 Million
1991 0.82% 5.69% 0.09x 1.55x GBX-5.30 Million
1992 1.90% 10.36% 0.10x 1.84x GBX-3.36 Million
1993 3.14% 24.17% 0.08x 1.67x GBX-4.35 Million
1994 5.30% 42.32% 0.08x 1.61x GBX-4.55 Million
1995 2.79% 26.30% 0.06x 1.79x GBX-9.53 Million
1996 4.38% 35.60% 0.07x 1.76x GBX-8.74 Million
1997 3.56% 36.54% 0.06x 1.50x GBX-13.76 Million
1998 2.67% 29.62% 0.06x 1.51x GBX-23.39 Million
1999 3.74% 47.99% 0.05x 1.61x GBX-23.92 Million
2000 1.88% 22.03% 0.05x 1.69x GBX-37.53 Million
2001 3.17% 36.03% 0.06x 1.59x GBX-36.47 Million
2002 2.25% 24.73% 0.05x 1.67x GBX-39.70 Million
2003 3.10% 30.90% 0.06x 1.73x GBX-32.96 Million
2004 14.65% 151.25% 0.05x 1.91x GBX23.05 Million
2005 19.25% 250.43% 0.04x 1.75x GBX56.08 Million
2006 23.26% 314.14% 0.04x 1.70x GBX103.86 Million
2007 5.44% 93.45% 0.04x 1.56x GBX-81.20 Million
2008 -49.71% -487.04% 0.06x 1.85x GBX-704.36 Million
2009 -2.38% -21.39% 0.06x 1.77x GBX-139.52 Million
2010 23.72% 283.73% 0.05x 1.72x GBX198.72 Million
2011 13.73% 179.06% 0.05x 1.63x GBX62.03 Million
2012 12.20% 150.26% 0.05x 1.58x GBX40.86 Million
2013 19.82% 282.55% 0.05x 1.49x GBX226.20 Million
2014 24.49% 410.97% 0.04x 1.40x GBX436.48 Million
2015 19.53% 378.93% 0.04x 1.29x GBX373.95 Million
2016 1.49% 30.23% 0.04x 1.29x GBX-334.53 Million
2017 7.61% 154.15% 0.04x 1.22x GBX-98.83 Million
2018 5.29% 97.29% 0.04x 1.27x GBX-197.89 Million
2019 6.41% 124.52% 0.04x 1.27x GBX-158.72 Million
2020 -1.82% -29.07% 0.05x 1.30x GBX-503.92 Million
2021 5.68% 104.99% 0.04x 1.33x GBX-191.88 Million
2022 -6.88% -112.65% 0.05x 1.35x GBX-688.05 Million
2023 -13.58% -177.89% 0.05x 1.43x GBX-827.28 Million
2024 3.27% 42.66% 0.05x 1.47x GBX-238.08 Million
2025 4.46% 41.45% 0.07x 1.47x GBX-200.43 Million

Industry Comparison

This section compares Derwent London PLC's net assets metrics with peer companies in the REIT - Office industry.

Industry Context

  • Industry: REIT - Office
  • Average net assets among peers: $1,185,204,322
  • Average return on equity (ROE) among peers: 4.66%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Derwent London PLC (DLN) GBX3.62 Billion 7.73% 0.47x $23.50 Million
CLS Holdings plc (CLI) $137.78 Million 5.73% 1.58x $2.42 Million
GREAT PORTLAND ESTATES PLC (GPE) $2.31 Billion 2.14% 0.17x $15.16 Million
Regional REIT Ltd (RGL) $295.34 Million 7.15% 0.50x $1.83 Million
Workspace Group PLC (WKP) $2.00 Billion 3.61% 0.37x $7.94 Million

About Derwent London PLC

LSE:DLN UK REIT - Office
Market Cap
$23.50 Million
GBX193.14 Billion GBX
Market Cap Rank
#24532 Global
#226 in UK
Share Price
GBX1720.00
Change (1 day)
+0.41%
52-Week Range
GBX1509.00 - GBX2096.00
All Time High
GBX4275.75
Categories
Companies in UK REIT - Office
About

Derwent London plc owns a commercial real estate portfolio predominantly in central London valued at 5.2 billion euros as at 30 June 2025, 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 redevelopment or refurbishment, effective asset mana… Read more