Chairman's statement

Derwent London, with its strategic focus on central London commercial property, continued to be one of the strongest performers in the FTSE 350 REIT sector in 2010. Total shareholder return amounted to 20.6% compared with a sector average of 6.9% and the adjusted net asset value increased by 27%.

Financial highlights

  • Adjusted net asset value 1,484p
  • Recurring profit before tax £55.4m
  • Recurring net property income £113.0m
  • Recurring
    earnings per share
    52.89p

At a glance

  • 100
    lettings for
    income of
  • £197.5m investment in portfolio
  • £8.0mpa
  • 38,100m2 projects completed