Derwent London (LSE:DLN) Dividend Payout Ratio: 0.55 (As of Dec. 2025) — 23% Below Median

What is Derwent London Dividend Payout Ratio?

Derwent London LSE:DLN +0.96% 70 Dividend Payout Ratio is 0.55 as of Dec. 2025, which is 23% below its 10-year median of 0.71. GuruFocus rates LSE:DLN with a GF Score™ of 70/100 and a GF Value™ of £23.43 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 711 REITs companies, Derwent London ranks better than 67.09% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Derwent London's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.55.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Derwent London PLC is 0.82, which seems too high.

The historical rank and industry rank for Derwent London's Dividend Payout Ratio or its related term are showing as below:

LSE:DLN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.55 Med: 0.71 Max: 0.82
Current: 0.82

During the past 13 years, the highest Dividend Payout Ratio of Derwent London was 0.82. The lowest was 0.55. And the median was 0.71.

LSE:DLN's Dividend Payout Ratio is ranked better than
67.09% of 711 companies
in the REITs industry
Industry Median: 0.99 vs LSE:DLN: 0.82

As of today (2026-07-08), the Dividend Yield % of Derwent London is 4.13%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Derwent London was 5.35%. The lowest was 1.43%. And the median was 2.30%.

Derwent London's Dividends per Share for the months ended in Dec. 2025 was £0.26.

During the past 12 months, Derwent London's average Dividends Per Share Growth Rate was 1.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Derwent London was 21.90% per year. The lowest was 1.50% per year. And the median was 9.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Derwent London (LSE:DLN) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Derwent London Dividend Payout Ratio Related Terms

Derwent London Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Derwent London's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Derwent London Dividend Payout Ratio Chart

Derwent London Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.70

0.73

0.78

0.75

0.82

Derwent London Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Dividend Payout Ratio	Get a 7-Day Free Trial															0.47	1.05	0.47	1.07	0.55

LSE:DLN vs BXP, ARE, VNO: Dividend Payout Ratio Comparison

For the REIT - Office subindustry, Derwent London's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Derwent London Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Derwent London's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Derwent London's Dividend Payout Ratio falls into.

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70GF Score

Derwent London PLC LSE:DLN

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Derwent London Dividend Payout Ratio Calculation

Derwent London's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.81	/	0.984
	=	0.82

Derwent London's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2025 )	/	EPS without NRI (Q: Dec. 2025 )
	=	0.255	/	0.463
	=	0.55

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.55 mean?

Derwent London (LSE:DLN) has a Dividend Payout Ratio of 0.55 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Derwent London and its competitors. This is 23% below median its historical median of 0.71. Over the past decade, Derwent London's Dividend Payout Ratio has ranged from 0.55 to 0.82. According to the industry distribution chart, Derwent London ranks #234 out of 711 companies in the REITs industry, placing it in the top 32.9%.

Is Derwent London's Dividend Payout Ratio too high?

Derwent London's current Dividend Payout Ratio of 0.55 is 23% below median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 0.82. The REITs industry median Dividend Payout Ratio is 0.99. Derwent London's value of 0.55 is 44.4% below this industry median. Based on the distribution chart, Derwent London ranks #234 out of 711 companies in the REITs industry, which is above the industry midpoint. Overall, Derwent London has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Derwent London's Dividend Payout Ratio compare to BXP and ARE?

According to the REITs industry distribution chart, Derwent London ranks #234 out of 711 companies for Dividend Payout Ratio. This puts Derwent London in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Derwent London's value of 0.55 is 44.4% below this benchmark. Historically, Derwent London's own Dividend Payout Ratio has ranged from 0.55 to 0.82 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.99, Derwent London has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 711 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Derwent London's current Dividend Payout Ratio of 0.55 is 44.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Derwent London and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Derwent London's current Dividend Payout Ratio is 0.55, which is 23% below median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Derwent London stock overvalued right now?

Based on GuruFocus' analysis, Derwent London (LSE:DLN) is currently considered Modestly Undervalued. The stock's GF Value™ is £23.43, compared to a current price of £19.92 — trading 15% below its estimated fair value. The current Dividend Payout Ratio is 0.55, which is 23% below median its 10-year median of 0.71 and 44.4% below the REITs industry median of 0.99. Derwent London's overall GF Score™ is 70/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Derwent London (LSE:DLN), the current Dividend Payout Ratio is 0.55 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Derwent London (LSE:DLN) Overvalued in 2026?

Based on GuruFocus' analysis, Derwent London stock appears to be undervalued. The current stock price of £19.92 is trading 15% below its estimated GF Value™ of £23.43. GuruFocus considers Derwent London to be Modestly Undervalued.

Key valuation signals for LSE:DLN:

Dividend Payout Ratio: 0.55 (23% below median its 10-year median of 0.71)
GF Value™: £23.43 vs. price of £19.92 (15% below fair value)
GF Score™: 70/100 with 10 warning signs
Industry Position: 44.4% below the REITs median (#234 of 711)

No single metric tells the full story. See the LSE:DLN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Derwent London Business Description

Industry Real Estate REITs

Comparable Companies LSE:GPE LSE:WKP LSE:CLI LSE:RGL XMAD:MRL BXP ARE VNO TSE:8951 XPAR:GFC TSE:8952 SGX:N2IU CUZ KRC ASX:DXS SGX:AJBU BOM:542602 CDP XMAD:COL SLG

Other Exchanges DWVYF:USA DLNl:UK DVK:Germany

Address 25 Savile Row, London, GBR, W1S 2ER

Website https://www.derwentlondon.com

Derwent London PLC is London's inventive office specialist property regenerators and investors and is well known for its design-led philosophy and creative management approach to development. Its appealing designs attract a range of tenants, including those from creative industries. The group has been a Real Estate Investment Trust (REIT) principally property investors with tax-exempt property rental businesses, but remain subject to corporation tax on nonexempt income and gains The Group owns and manages an investment portfolio of approximately 5.4 million sq ft, of which 98% is located in central London, with a specific focus on the West End and the areas bordering the City of London.

70GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£19.92

Price

£23.43

GF Value

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