Derwent London (DLN.L)

Overall impact
B (75)

Commentary

Derwent London is a strong overall performer. With a 'B' rating of 75.0 for overall impact (89th percentile compared to all companies), Derwent London ranks 5th out of 32 industry peers, behind Gecina, Mirvac, Boston Properties and 1 other, and ahead of Equity Commonwealth, Mack Cali Realty, City Office REIT and 24 others. On top material causes for Derwent London's industry (REIT), Derwent London performs well in Accountable Institutions (80.7 score), Renewable Energy Growth (84.7), Equal Pay and Opportunity (88.6) and 6 other causes where it received an 'A' score. Derwent London did not receive a 'D' or 'F' rating on any cause.
Impact
Cause DLN.L
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Overall impact

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Company
Founded
1984
Employees
201
Sector
Real Estate
Industry
Office REITs
Sub-industry
Office REITs
SASB industry
Real Estate
Headquarters
United Kingdom
Share classes
DLN.L
Description
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, 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 the Tech Belt. We capitalise 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 recognised in industry awards for the quality, design and innovation of our projects. Landmark buildings in our 5.4 million sq ft portfolio include 1 Soho Place W1, 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1, 1-2 Stephen Street W1, Horseferry House SW1 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, publishing its pathway to achieving this goal in July 2020. Our science-based carbon targets validated by the Science Based Targets initiative (SBTi). In 2013 the Company launched a voluntary Community Fund which has to date supported 180 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.
Material causes
Ethos considers the following causes material for Derwent London, based on its industry sub-industry Office REITs. Learn more about material causes in our methodology overview.

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