DERWENT LONDON PLC Interim Results 2022
CONTENTS
Presenters
Paul Williams
Damian Wisniewski
Nigel George
Emily Prideaux
Contents
Introduction and overview | 01 |
Developments | 07 |
Leasing and asset management | 13 |
Results and financial review | 20 |
Valuation and investment | 29 |
Sustainability | 37 |
Summary | 42 |
Appendices | 44 |
Executive committee and senior management | 99 |
Disclaimer | 100 |
Derwent London plc - Interim Results 2022
INTRODUCTION AND OVERVIEW
PAUL WILLIAMS
1
INTRODUCTION AND 2022 GUIDANCE
Flight to quality continuing
- Offices key to attracting and retaining talent
- Limited supply of top tier buildings in our core areas
- Return to longer-term leasing strategies post-Covid
Portfolio strategy
- Developing prime buildings
- Acquiring future opportunities
- Selling lower growth
Derwent's differentiated approach
- DL/78 (portfolio amenity)
- Strong environmental credentials
- Scottish solar park
Low leverage, strong balance sheet
- NTA 4,023p (+1.6%)
- DPS 24.0p (+4.3%)
- EPRA LTV 23.7%
2022 GUIDANCE
ERV growth | Upward yield pressure | ||||
unchanged at | Our portfolio more | ||||
0% to +3% | resilient | ||||
Brunel Building W2
Derwent London plc - Interim Results 2022 | 2 |
OCCUPATIONAL MARKET - A FLIGHT TO QUALITY
Market drivers | Occupier drivers | |
Constrained supply in | Flexibility, adaptability & | |
amenity | ||
core areas | ||
Differentiation by quality | Strong environmental | |
credentials | ||
Location | Transport links | |
Return to long-term occupational strategies
Derwent London plc - Interim Results 2022 | 3 |
Attachments
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Disclaimer
Derwent London plc published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 16:16:04 UTC.
