Deutsche Wohnen:Quarterly Results/2024 Q3
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Return to: Discussions | Deutsche Wohnen Valuation Model | Earnings Season:2024 Q3 | Deutsche Wohnen:Quarterly Results/2024 Q2 | Deutsche Wohnen
Recent developments
- On October 2, 2024, Deutsche Wohnen announced that it plans to sell properties worth more than 300 million euros to Civitas Investment Management (“CIM”). It also said that it will sell 7 development projects to HIH Invest Real Estate. The transactions are expected to be completed at the end of 2024[1].
- On September 18, 2024, Deutsche Wohnen said it had entered into an agreement with Vonovia to initiate and conclude a domination and profit and loss sharing agreement (DPLTA).
Associated companies earnings expectations and results
Vonovia
Management guidance
- Management expects(page 25 of H1 2024 report) H2 2024 adjusted EBT of EUR 862.8 million (-6.3% versus -6.2% in H1 2024).
Analysts estimate
- Analysts expect Q3 2024 revenue to grow 2.5% y/y to EUR 826.7. Vonovia's revenue in Q2 2024 rose 2.5% y/y to EUR 829.6[2].