Derwent London Plc (OTCPK:DWVYF) is a real estate investment trust, REIT, with a focus on the central London commercial, residential and office development markets.
London’s property market has been battered by Brexit-induced nervousness. Office occupancy has declined in many areas of the UK capital have declined. For Derwent London, however, which owns a high-quality West End office portfolio, it’s vacancy rates which have been falling in fact, and leases are being agreed easily ahead of estimated rental values, ERV. To boot debt is low.
The pessimism baked into the stock compared with its