Last 241.00 GBp
Change Today +4.75 / 2.01%
Volume 29.6K
DSC On Other Exchanges
Symbol
Exchange
London
As of 11:35 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

development securities plc (DSC) Snapshot

Open
245.00 GBp
Previous Close
236.25 GBp
Day High
245.00 GBp
Day Low
230.25 GBp
52 Week High
02/14/14 - 267.25 GBp
52 Week Low
10/9/14 - 179.00 GBp
Market Cap
301.1M
Average Volume 10 Days
65.2K
EPS TTM
0.16 GBp
Shares Outstanding
124.9M
EX-Date
10/30/14
P/E TM
15.4x
Dividend
6.22 GBp
Dividend Yield
2.58%
Current Stock Chart for DEVELOPMENT SECURITIES PLC (DSC)

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development securities plc (DSC) Details

Development Securities PLC, together with its subsidiaries, develops, invests, and trades in real estate properties in the United Kingdom. Its property portfolio includes urban regeneration projects, food stores, mixed-use development, residential schemes, and leisure developments. The company is also involved in serviced office operations. Development Securities PLC was incorporated in 1980 and is based in London, the United Kingdom.

79 Employees
Last Reported Date: 05/27/14

development securities plc (DSC) Top Compensated Officers

Executive Deputy Chairman, Chief Executive Of...
Total Annual Compensation: 800.0K GBP
Joint Managing Director, Executive Director, ...
Total Annual Compensation: 325.0K GBP
Group Finance Director, Director and Member o...
Total Annual Compensation: 447.0K GBP
Investment Director, Executive Director and M...
Total Annual Compensation: 468.0K GBP
Compensation as of Fiscal Year 2014.

development securities plc (DSC) Key Developments

Development Securities Completes Recycling of Investment Portfolio with Acquisition of 185,000 Sq. Ft. Convenience Retail Investment Asset in Newcastle

Development Securities announced that it has acquired the non-foodstore element of The Killingworth Centre, a convenience retail shopping centre near Newcastle from Wm Morrison Supermarkets plc for £19.2 million at an 8.27% net initial yield. Completed in 2000, The Killingworth Centre is the principal retail destination within Killingworth, a suburban commuter town 5 miles from Newcastle City Centre. The covered shopping centre is the principal retail and leisure destination for the local community, comprising a 73,000 sq. ft. Morrisons foodstore, a 70,000 sq. ft. Matalan and 28 further retail units totaling 106,000 sq. ft. which are let to a range of national and local operators including Poundworld, Wilkinson, Card Factory and Boots. The Morrisons foodstore will remain outside of Development Securities' ownership. The shopping centre is currently fully occupied with a weighted average unexpired lease term of 5.1 years and offers a number of asset management opportunities.

Development Securities and Weston Homes Form Joint Venture Agreement for UK Development

Development Securities' Cathedral Group subsidiary has signed a joint venture agreement with Weston Homes to undertake a residential-led regeneration development at the Telegraph Works site on the Greenwich Peninsula in London. Under the terms of the transaction, Weston Homes will pay an initial GBP 19.1 million for the majority of the land on which it will construct 256 apartments and 16 townhouses.

Development Securities Signs Partnership with L&Q to Deliver Residential Phase of Development at 399 Edgware Road

Development Securities and L&Q, announced that they have entered into a partnership to deliver the residential quarter at 399 Edgware Road, a £150 million mixed-use regeneration project in North West London. Under the terms of the partnership, L&Q will fund the construction and delivery costs for the development of 183 apartments and town houses, with Development Securities acting as development manager. The funding agreement will release an initial and immediate land receipt of £16.0 million to Development Securities, generating profits of £4.0 million above the current book value of this element of the scheme. Development Securities will manage the construction, marketing and sales of the residential units which are anticipated to be completed in third quarter of 2017. Once the construction and sales of the residential units have completed, Development Securities will receive a performance fee and a profit share of approximately £8.0 million.

 

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Industry Analysis

DSC

Industry Average

Valuation DSC Industry Range
Price/Earnings 13.7x
Price/Sales 1.9x
Price/Book 0.8x
Price/Cash Flow 13.7x
TEV/Sales 1.9x
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