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EQS-News: Deutsche Wohnen SE / Key word(s): Quarterly / Interim Statement
Deutsche Wohnen: Stable Performance in the first three months of 2024
2024-05-03 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Interim Results January to March 2024
Deutsche Wohnen: Stable Performance in the first three months of 2024
. Adj. EBT of EUR141.3 million (EUR0.36 per share)
. NAV at EUR17,010.4 million (EUR42.85 per share)
. Vacancy rate remains at very low level
Berlin, May 3, 2024. In a challenging environment for the real estate industry, Deutsche Wohnen SE delivered a stable
operating performance in the first three months of 2024.
The Adjusted EBITDA Rental was EUR160.4 million (+2.5%). The in-place rent per square meter was EUR7.76 (+3.3%). The
vacancy rate remained at a very low level of 1.6%.
Other relevant KPIs also saw a stable development. The Adjusted EBT was EUR141.3 million, which was slightly above the
prior-year level. On a per-share basis, the Adjusted EBT came to EUR0.36. The NAV (formerly EPRA NTA) was at
EUR17,010.4 million or EUR42.85 per share. The LTV was at 30.0%.
Key numbers

Financial KPIs                                                3M 2024       3M 2023 Change 
Adjusted EBITDA Rental                        EUR million         160.4         156.5  +2.5% 
Adjusted EBITDA Value-add                     EUR million           3.1           2.2 +40.9% 
Adjusted EBITDA Recurring Sales               EUR million           0.1           1.3 -92.3% 
Adjusted EBITDA Development                   EUR million          -0.4          -0.4      - 
Adjusted EBITDA Total (continuing operations) EUR million         163.2         159.6  +2.3% 
Adjusted EBT (continuing operations)          EUR million         141.3         136.8  +3.3% 
Attributable to minorities                EUR million           2.6           4.0 -35.0% 
Adjusted EBT per share                        EUR                  0.36          0.34  +5.9% 
Operating Free Cash-Flow (OFCF)               EUR million         191.7         126.7 +51.3% 
Profit for the period                         EUR million          99.3        -667.9      - 

Balance sheet                                           Mar. 31, 2024 Dec. 31, 2023 Change 
Investment properties                         EUR million      23,112.4      23,021.5  +0.4% 
Equity                                        EUR million      14,095.1      13,998.2  +0.7% 
LTV                                           %                  30.0          30.4 -0.4pp 
NAV                                           EUR million      17,010.4      16,976.6  +0.2% 
NAV per share                                 EUR                 42.85         42.77  +0.2% 

Non-financial KPIs                                      Mar. 31, 2024 Mar. 31, 2023 Change 
Number of owned residential units                             139,940       140,078  -0.1% 
In-place rent (residential)                   EUR/sqm              7.76          7.51  +3.3% 
Vacancy rate (residential)                    %                   1.6           1.9 -0.3pp 

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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 31 March 2024, 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 ir@deutsche-wohnen.com

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2024-05-03 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. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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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:       ir@deutsche-wohnen.com 
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: 1894459

End of News EQS News Service
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1894459 2024-05-03 CET/CEST

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END) Dow Jones Newswires

May 03, 2024 01:30 ET (05:30 GMT)