Derwent London PLC
Derwent London plc owns 62 buildings in a commercial real estate portfolio predominantly in central London valued at £5.0 billion as at 31 December 2024, 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, effec… Read more
Derwent London PLC (DWVYF) - Net Assets
Latest net assets as of December 2024: $3.54 Billion USD
Based on the latest financial reports, Derwent London PLC (DWVYF) has net assets worth $3.54 Billion USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.21 Billion) and total liabilities ($1.67 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.54 Billion |
| % of Total Assets | 67.89% |
| Annual Growth Rate | 17.76% |
| 5-Year Change | -17.97% |
| 10-Year Change | -11.4% |
| Growth Volatility | 75.42 |
Derwent London PLC - Net Assets Trend (1985–2024)
This chart illustrates how Derwent London PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Derwent London PLC (1985–2024)
The table below shows the annual net assets of Derwent London PLC from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.54 Billion | +0.88% |
| 2023-12-31 | $3.51 Billion | -13.91% |
| 2022-12-31 | $4.08 Billion | -8.25% |
| 2021-12-31 | $4.44 Billion | +2.94% |
| 2020-12-31 | $4.32 Billion | -3.61% |
| 2019-12-31 | $4.48 Billion | +5.01% |
| 2018-12-31 | $4.26 Billion | +1.67% |
| 2017-12-31 | $4.19 Billion | +4.85% |
| 2016-12-31 | $4.00 Billion | +0.10% |
| 2015-12-31 | $4.00 Billion | +29.90% |
| 2014-12-31 | $3.08 Billion | +29.75% |
| 2013-12-31 | $2.37 Billion | +23.59% |
| 2012-12-31 | $1.92 Billion | +11.87% |
| 2011-12-31 | $1.71 Billion | +14.71% |
| 2010-12-31 | $1.49 Billion | +28.42% |
| 2009-12-31 | $1.16 Billion | -4.21% |
| 2008-12-31 | $1.22 Billion | -34.04% |
| 2007-12-31 | $1.84 Billion | +135.12% |
| 2006-12-31 | $783.40 Million | +29.23% |
| 2005-12-31 | $606.20 Million | +22.34% |
| 2004-12-31 | $495.50 Million | +3.75% |
| 2003-12-31 | $477.60 Million | -6.72% |
| 2002-12-31 | $512.00 Million | -4.07% |
| 2001-12-31 | $533.70 Million | +15.44% |
| 2000-12-31 | $462.30 Million | +20.96% |
| 1999-12-31 | $382.20 Million | +19.85% |
| 1998-12-31 | $318.90 Million | +49.30% |
| 1997-12-31 | $213.60 Million | +37.45% |
| 1996-12-31 | $155.40 Million | +17.57% |
| 1995-12-31 | $132.17 Million | +36.62% |
| 1994-12-31 | $96.75 Million | +52.62% |
| 1993-12-31 | $63.39 Million | +52.81% |
| 1992-12-31 | $41.48 Million | -28.18% |
| 1991-12-31 | $57.76 Million | -20.61% |
| 1990-12-31 | $72.75 Million | -13.61% |
| 1989-12-31 | $84.21 Million | +33.24% |
| 1988-12-31 | $63.21 Million | +39.18% |
| 1987-12-31 | $45.41 Million | +457.54% |
| 1986-12-31 | $8.14 Million | +35.37% |
| 1985-12-31 | $6.02 Million | -- |
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 313713.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.39 Billion | 67.64% |
| Common Stock | $5.60 Million | 0.16% |
| Other Components | $1.14 Billion | 32.20% |
| Total Equity | $3.54 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 |
|---|---|
|
MEG Energy Corp
PINK:MEGEF
|
$2.47 Billion |
|
CleanSpark Inc
NASDAQ:CLSK
|
$2.47 Billion |
|
AUTO1 Group SE
PINK:ATOGF
|
$2.48 Billion |
|
ESR Cayman Limited
PINK:ESRCF
|
$2.48 Billion |
|
Kingboard Holdings Limited
F:KGZ
|
$2.47 Billion |
|
MAG Silver Corp
NYSE MKT:MAG
|
$2.47 Billion |
|
STRIDE INC. DL -0001
F:0AJ
|
$2.47 Billion |
|
Bestechnic (Shanghai) Co. Ltd. A
SHG:688608
|
$2.47 Billion |
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 2023 to 2024, total equity changed from 3,508,800,000 to 3,539,800,000, a change of 31,000,000 (0.9%).
- Net income of 115,900,000 contributed positively to equity growth.
- Dividend payments of 89,600,000 reduced retained earnings.
- Other comprehensive income decreased equity by 939,300,000.
- Other factors increased equity by 944,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $115.90 Million | +3.27% |
| Dividends Paid | $89.60 Million | -2.53% |
| Other Comprehensive Income | $-939.30 Million | -26.54% |
| Other Changes | $944.00 Million | +26.67% |
| Total Change | $- | 0.88% |
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: 0.77x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 28.63x to 0.77x 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 | $0.85 | $24.25 | x |
| 1986-12-31 | $1.15 | $24.25 | x |
| 1987-12-31 | $3.79 | $24.25 | x |
| 1988-12-31 | $3.73 | $24.25 | x |
| 1989-12-31 | $4.97 | $24.25 | x |
| 1990-12-31 | $4.30 | $24.25 | x |
| 1991-12-31 | $3.41 | $24.25 | x |
| 1992-12-31 | $2.45 | $24.25 | x |
| 1993-12-31 | $3.12 | $24.25 | x |
| 1994-12-31 | $3.28 | $24.25 | x |
| 1995-12-31 | $4.02 | $24.25 | x |
| 1996-12-31 | $3.93 | $24.25 | x |
| 1997-12-31 | $5.05 | $24.25 | x |
| 1998-12-31 | $6.07 | $24.25 | x |
| 1999-12-31 | $7.20 | $24.25 | x |
| 2000-12-31 | $8.69 | $24.25 | x |
| 2001-12-31 | $10.02 | $24.25 | x |
| 2002-12-31 | $9.63 | $24.25 | x |
| 2003-12-31 | $8.92 | $24.25 | x |
| 2004-12-31 | $9.25 | $24.25 | x |
| 2005-12-31 | $11.26 | $24.25 | x |
| 2006-12-31 | $14.50 | $24.25 | x |
| 2007-12-31 | $18.39 | $24.25 | x |
| 2008-12-31 | $11.66 | $24.25 | x |
| 2009-12-31 | $11.12 | $24.25 | x |
| 2010-12-31 | $14.23 | $24.25 | x |
| 2011-12-31 | $16.29 | $24.25 | x |
| 2012-12-31 | $18.18 | $24.25 | x |
| 2013-12-31 | $22.42 | $24.25 | x |
| 2014-12-31 | $29.21 | $24.25 | x |
| 2015-12-31 | $35.44 | $24.25 | x |
| 2016-12-31 | $35.23 | $24.25 | x |
| 2017-12-31 | $36.96 | $24.25 | x |
| 2018-12-31 | $37.60 | $24.25 | x |
| 2019-12-31 | $39.49 | $24.25 | x |
| 2020-12-31 | $38.09 | $24.25 | x |
| 2021-12-31 | $39.51 | $24.25 | x |
| 2022-12-31 | $36.26 | $24.25 | x |
| 2023-12-31 | $31.18 | $24.25 | x |
| 2024-12-31 | $31.44 | $24.25 | 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): 3.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.74%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.47x
- Recent ROE (3.27%) is below the historical average (4.79%), 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 | $-135.60K |
| 1986 | 2.23% | 13.67% | 0.10x | 1.60x | $-632.50K |
| 1987 | 2.73% | 35.18% | 0.07x | 1.13x | $-3.30 Million |
| 1988 | 3.44% | 51.76% | 0.06x | 1.20x | $-4.15 Million |
| 1989 | 5.61% | 51.55% | 0.08x | 1.29x | $-3.70 Million |
| 1990 | -0.36% | -4.27% | 0.06x | 1.44x | $-7.54 Million |
| 1991 | 0.82% | 5.69% | 0.09x | 1.55x | $-5.30 Million |
| 1992 | 1.90% | 10.36% | 0.10x | 1.84x | $-3.36 Million |
| 1993 | 3.14% | 24.17% | 0.08x | 1.67x | $-4.35 Million |
| 1994 | 5.30% | 42.32% | 0.08x | 1.61x | $-4.55 Million |
| 1995 | 2.79% | 26.30% | 0.06x | 1.79x | $-9.53 Million |
| 1996 | 4.38% | 35.60% | 0.07x | 1.76x | $-8.74 Million |
| 1997 | 3.56% | 36.54% | 0.06x | 1.50x | $-13.76 Million |
| 1998 | 2.67% | 29.62% | 0.06x | 1.51x | $-23.39 Million |
| 1999 | 3.74% | 47.99% | 0.05x | 1.61x | $-23.92 Million |
| 2000 | 1.88% | 22.03% | 0.05x | 1.69x | $-37.53 Million |
| 2001 | 3.17% | 36.03% | 0.06x | 1.59x | $-36.47 Million |
| 2002 | 2.25% | 24.73% | 0.05x | 1.67x | $-39.70 Million |
| 2003 | 3.10% | 30.90% | 0.06x | 1.73x | $-32.96 Million |
| 2004 | 14.65% | 151.25% | 0.05x | 1.91x | $23.05 Million |
| 2005 | 19.25% | 250.43% | 0.04x | 1.75x | $56.08 Million |
| 2006 | 23.26% | 314.14% | 0.04x | 1.70x | $103.86 Million |
| 2007 | 5.44% | 93.45% | 0.04x | 1.56x | $-81.20 Million |
| 2008 | -49.71% | -487.04% | 0.06x | 1.85x | $-704.36 Million |
| 2009 | -2.38% | -21.39% | 0.06x | 1.77x | $-139.52 Million |
| 2010 | 23.72% | 283.73% | 0.05x | 1.72x | $198.72 Million |
| 2011 | 13.73% | 179.06% | 0.05x | 1.63x | $62.03 Million |
| 2012 | 12.20% | 150.66% | 0.05x | 1.58x | $40.86 Million |
| 2013 | 19.82% | 284.31% | 0.05x | 1.49x | $226.20 Million |
| 2014 | 24.49% | 447.09% | 0.04x | 1.40x | $436.48 Million |
| 2015 | 19.53% | 423.08% | 0.04x | 1.29x | $373.95 Million |
| 2016 | 1.49% | 32.41% | 0.04x | 1.29x | $-334.53 Million |
| 2017 | 7.61% | 155.14% | 0.04x | 1.22x | $-98.83 Million |
| 2018 | 5.29% | 96.78% | 0.04x | 1.27x | $-197.89 Million |
| 2019 | 6.41% | 123.06% | 0.04x | 1.27x | $-158.72 Million |
| 2020 | -1.82% | -28.89% | 0.05x | 1.30x | $-503.92 Million |
| 2021 | 5.68% | 104.65% | 0.04x | 1.33x | $-191.88 Million |
| 2022 | -6.88% | -112.52% | 0.05x | 1.35x | $-688.05 Million |
| 2023 | -13.58% | -179.10% | 0.05x | 1.43x | $-827.28 Million |
| 2024 | 3.27% | 41.74% | 0.05x | 1.47x | $-238.08 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: $2,268,054,983
- Average return on equity (ROE) among peers: -2.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Derwent London PLC (DWVYF) | $3.54 Billion | 7.73% | 0.47x | $2.47 Billion |
| Allied Properties Real Estate Investment Trust (APYRF) | $5.56 Billion | -6.16% | 0.91x | $973.59 Million |
| Alexandria Real Estate Equities Inc (ARE) | $2.36 Billion | 5.69% | 1.31x | $7.44 Billion |
| Brandywine Realty Trust (BDN) | $1.04 Billion | -18.75% | 2.34x | $486.25 Million |
| BTB Real Estate Investment Trust (BTBIF) | $24.44 Million | -1.89% | 0.53x | $199.14 Million |
| Boston Properties Inc (BXP) | $7.93 Billion | 6.45% | 1.38x | $7.69 Billion |
| COPT Defense Properties (CDP) | $1.72 Billion | 5.66% | 1.37x | $3.59 Billion |
| City Office (CIO) | $359.83 Million | 1.60% | 1.49x | $2.76 Million |
| CLS Holdings plc (CLIHF) | $929.20 Million | -26.88% | 1.33x | $263.93 Million |
| Creative Media & Community Trust Corporation (CMCT) | $157.02 Million | 7.19% | 0.65x | $383.88K |
| Cromwell Property Group (CMWCF) | $2.59 Billion | 6.99% | 0.93x | $445.64 Million |