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Latest Deutsche Wohnen News
Nov 8, 2022
08.11.2022 / 07:00 CET/CEST Corporate News Deutsche Wohnen: Stable Performance in the First Nine Months 2022 FFO I of €413.3 million (€0.92 per share) Adj. NAV of €22,778.7 million (€57.39 per share) Stable outlook and guidance confirmed Berlin, November 8, 2022. Deutsche Wohnen SE delivered a stable operating performance in the first nine months 2022. The portfolio volume was ca. 15,000 apartments smaller compared to the prior-year period (primarily as a result of the disposal to the City of Berlin). Accounting for this volume effect, Deutsche Wohnen looks back on a successful first nine months. Olaf Weber, CFO of Deutsche Wohnen commented: “Deutsche Wohnen continued its successful development in the first nine months. The key metrics are in line with our expectations. Against the background of our performance during the first nine months we confirm our guidance for the current financial year.” The earnings from Residential Property Management was €509.8 million (-9.1%), which was particularly driven by a 9.5% smaller residential portfolio. The in-place rent per square meter was €7.45. The vacancy rate remained at a very low level of 1.8%. Taking into account the smaller portfolio, other relevant KPIs also saw a stable development. The FFO I was €413.3 million, which was 2.1% lower than in 9M 2021. On a per-share basis, the FFO 1 came to €0.92 € compared to €1.22 in the prior-year period. This was mainly attributable to the higher number of shares following the convertible bonds conversion in the context of the business combination with Vonovia. The adjusted NAV (formerly EPRA NTA) grew by 5.5% since year-end 2021 to €22,778.7 million (€57.39 per share). This increase was largely driven by the gain from the fair value measurement of investment properties in H1 2022. The LTV was 27.8%. Guidance confirmed Against the background of a solid first nine months, Deutsche Wohnen confirms its guidance for the current financial year. Key numbers
Deutsche Wohnen Frequently Asked Questions (FAQ)
When was Deutsche Wohnen founded?
Deutsche Wohnen was founded in 1998.
Where is Deutsche Wohnen's headquarters?
Deutsche Wohnen's headquarters is located at Mecklenburgische StraBe 57, Berlin.
What is Deutsche Wohnen's latest funding round?
Deutsche Wohnen's latest funding round is Acq - Pending.
Who are the investors of Deutsche Wohnen?
Investors of Deutsche Wohnen include Vonovia.
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