Deutsche Wohnen:Quarterly Results/2023 Q1
Jump to navigation
Jump to search
Return to: Earnings Season / Deutsche Wohnen
Results
Below is a summary of Deutsche Wohnen's earnings results[1].
- Segment rental revenue was €194.8 million (+2.6%).
- LTV was stable at 28.1%.
- Vacancy rate remained unchanged at 1.9%.
- Adjusted EBITDA grew 0.5% y/y to €173.3 million.
- In-place rent (residential) per sqm grew 2.3% y/y to 7.51.
- The company posted a loss of 667.9 million euros compared to a profit of 236.0 million euros last year.
- In Q1 2023, Deutsche Wohnen SE generated a Group FFO close to the previous year’s level of € 144.8 million or € 0.36 per share.
- The revaluation of the portfolio led to a result from the fair value measurement of investment properties of -€ 1,103.5 million(+20% Q/Q) and contributed significantly to a reduction in net asset value (NAV) to € 19,461.1 million(-5.6% y/y) or NAV per share of € 49.03.