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Deutsche Wohnen:Quarterly Results/2023 Q3: Difference between revisions
Deutsche Wohnen:Quarterly Results/2023 Q3 (view source)
Revision as of 09:38, 3 November 2023
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* Portfolio value now stands at €88.2 billion after declining by €6.1 billion in H1 and €2.7 billion in Q2 2023. | * Portfolio value now stands at €88.2 billion after declining by €6.1 billion in H1 and €2.7 billion in Q2 2023. | ||
* LTV stands at 46.8%(Q1 2023: 46.6%), still above its target of lower end of 40-45%. | * LTV stands at 46.8%(Q1 2023: 46.6%), still above its target of lower end of 40-45%. | ||
* 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. | * In the 9 months, income, operating expenses and adjusted EBITDA in the rental busines was €2.4 billion (+2% y/y), €297.1 million (-15.6% y/y), and €1.8 billion (+7% y/y), respectively, due to full occupancy and Deutsche Wohnen synergies. | ||
* In Q3, 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. | |||
* Vonovia confirmed its 2023 outlook and pointed out that insights from Value Marktdaten, BNP Paribas, and ifo institute indicate a positive but cautious outlook for the real estate industry. | * Vonovia confirmed its 2023 outlook and pointed out that insights from Value Marktdaten, BNP Paribas, and ifo institute indicate a positive but cautious outlook for the real estate industry. | ||