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Deutsche Wohnen:Quarterly Results/2023 Q2: Difference between revisions
Deutsche Wohnen:Quarterly Results/2023 Q2 (view source)
Revision as of 13:37, 4 August 2023
, 4 August 2023→Vonovia Q2 2023 results
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* FFO per share fell 2.6% y/y to 0.62 euros. | * FFO per share fell 2.6% y/y to 0.62 euros. | ||
* Its LTV stands at 46.8%(Q1 2023: 46.6%), still above its target of lower end of 40-45%. | * Its LTV stands at 46.8%(Q1 2023: 46.6%), still above its target of lower end of 40-45%. | ||
* NAV was €40,460.1 million(-18.7% y/y and -5.4% Q/Q) | |||
* Vonovia confirmed its revenue, EBITDA and Group FFO guidance for financial year 2023. | * Vonovia confirmed its revenue, EBITDA and Group FFO guidance for financial year 2023. | ||
* Vonovia said that the development of its key metrics exceeded analysts estimates. | * Vonovia said that the development of its key metrics exceeded analysts estimates. | ||
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* Core business EBITDA rose 10.3% y/y to €618.5 million due to a 3.5% increase in organic rent, Deutsche Wohnen synergies and new construction and modernization growth. | * Core business EBITDA rose 10.3% y/y to €618.5 million due to a 3.5% increase in organic rent, Deutsche Wohnen synergies and new construction and modernization growth. | ||
* Vacancy rate is at 2.2%<ref name=":1" />. | * Vacancy rate is at 2.2%(unchanged from last year)<ref name=":1" />. | ||
* Organic rent increase was 3.5%. | * Organic rent increase was 3.5%. | ||