08.08.2023 Deutsche Wohnen SE  DE000A0HN5C6

EQS-News: Deutsche Wohnen SE: Interim Results January to June 2023


 

EQS-News: Deutsche Wohnen SE / Key word(s): Half Year Report
Deutsche Wohnen SE: Interim Results January to June 2023

08.08.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Interim Results January to June 2023

Deutsche Wohnen: Overall Stable Performance in the first half-year of 2023

  • Group FFO of €297.4 million (€0.75 per share)
  • NAV decreased to €18,482.2 million (€46.56 per share)
  • Vacancy rate remains at very low level

Berlin, August 8, 2023. Deutsche Wohnen SE delivered a stable operating performance in the first half-year of 2023.

The Adjusted EBITDA Rental was €313.9 million (+8.4%). The in-place rent per square meter was €7.55. The vacancy rate remained at a very low level of 1.9%.

Other relevant KPIs were also in line with expectations. The Group FFO was €297.4 million, which was at prior-year level. On a per-share basis, the Group FFO came to €0.75. The NAV (formerly EPRA NTA) declined by 9.2% since year-end 2022 to €18,482.2 million or €46.56 per share. This decline was largely driven by the result from the fair value measurement of investment properties of €-2,175.8 million for the first half of 2023. The LTV was stable at 29%.

As known since March of 2023, Deutsche Wohnen has as part of a strategic review come to the conclusion that the nursing segment no longer fits to the core business as a residential real estate company. Deutsche Wohnen is therefore examining, whether and when a potential sale of individual portfolios of the nursing segment might make economic sense.

Key numbers

Financial KPIs 6M 2023 6M 2022 Change
Adjusted EBITDA Rental € million 313.9 289.5 +8.4%
Adjusted EBITDA Value-add € million 1.8 5.4 -66.7%
Adjusted EBITDA Recurring Sales € million 1.3 9.6 -86.5%
Adjusted EBITDA Development € million -2.8 -0.5 >100%
Adjusted EBITDA Nursing € million 35.2 43.0 -18.1%
Adjusted EBITDA Total € million 349.4 347.0 +0.7%
Group FFO € million 297.4 295.4 +0.7%
Group FFO per share 0.75 0.74 +0,8%
Profit for the period € million -1,391.1 927.3 >-100%
         
Balance sheet   June 30, 2023 Dec. 31, 2022 Change
Investment properties € million 25,083.5 27,301.9 -8.1%
Equity € million 15,360.9 16,775.1 -8.4%
LTV % 29.0 28.1 +3.2%
NAV € million 18,482.2 20,361.0 -9.2%
NAV per share 46.56 51.30 -9.2%
         
Non-financial KPIs   June 30, 2023 June 30, 2022 Change
Number of owned residential units   140,168 139,993 +0.1%
In-place rent (residential)  €/sqm 7.55 7.42 +1.8%
Vacancy rate (residential) % 1.9 1.8 +10bps

About Deutsche Wohnen

Deutsche Wohnen is one of the leading publicly listed property companies in Europe and is part of the Vonovia Group. The business focus of the company is on managing its own portfolio of residential properties in dynamic metropolitan regions and conurbations in Germany. Deutsche Wohnen sees itself as having both a social responsibility and a duty to maintain and newly develop good-quality and affordable housing in vibrant residential neighbourhoods. As of 30 June 2023, the portfolio comprised a total of around 140,000 residential units.

Important note

This publication is neither an offer to sell nor a solicitation to buy securities.

To the extent that this document contains forward-looking statements, these are not facts and are recognisable by such words as ‘will’, ‘expect’, ‘believe’, ‘estimate’, ‘intend’, ‘endeavour’, ‘assume’ and similar expressions. These statements express the intentions, opinions or current expectations and assumptions of Deutsche Wohnen and the individuals acting in concert with it. The forward-looking statements are based on current plans, estimates and forecasts that Deutsche Wohnen and the individuals acting in concert with it have made to the best of their knowledge, but do not make any claims as to their future accuracy. Forward-looking statements are subject to risks and uncertainties that are generally difficult to predict and are usually not within the control of Deutsche Wohnen or the individuals acting in concert with it. It should be remembered that the actual results or consequences may differ considerably from those mentioned or contained in the forward-looking statements.

Contact:
Phone +49 (0)30 897 86-5413
Fax +49 (0)30 897 86-5419
[email protected]


08.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Deutsche Wohnen SE
Mecklenburgische Straße 57
14197 Berlin
Germany
Phone: +49 (0)30 89786-5413
Fax: +49 (0)30 89786-5419
E-mail: [email protected]
Internet: https://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6
WKN: A0HN5C
Indices: SDAX
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1697455

 
End of News EQS News Service

1697455  08.08.2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 744,20 785,50 837,30 1.483,80 1.502,00 1.525,60 1.313,80
EBITDA1,2 600,80 659,10 873,10 1.010,10 886,10 701,80 634,80
EBITDA-Marge3 80,73 83,91 104,28 68,08 59,00 46,00
EBIT1,4 2.990,40 2.828,10 2.236,90 2.503,10 2.283,00 555,00 -3.315,00
EBIT-Marge5 401,83 360,04 267,16 168,70 152,00 36,38 -252,32
Jahresüberschuss1 1.763,30 1.862,60 1.600,90 1.553,10 919,00 -445,70 -2.761,10
Netto-Marge6 236,94 237,12 191,20 104,67 61,19 -29,21 -210,16
Cashflow1,7 518,20 469,40 454,50 504,50 465,20 364,90 384,80
Ergebnis je Aktie8 4,74 4,86 3,82 4,13 2,45 -1,09 -6,80
Dividende8 0,80 0,87 0,90 1,03 0,04 0,04 0,74
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Deutsche Wohnen
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0HN5C 17,500 Halten 7.005,20
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
20,59 9,28 2,28 9,65
KBV KCV KUV EV/EBITDA
0,52 18,20 5,33 24,15
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,04 0,04 0,23 06.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
03.05.2024 06.08.2024 08.11.2024 20.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,36% -13,63% -26,90% -20,60%
    
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Immobilien (Wohn) , A0HN5C , DWNI , XETR:DWNI