BERLIN (dpa-AFX) - German real estate firm Deutsche Wohnen SE (DWHHF.PK),
part of the Vonovia Group, reported Wednesday a decline in fiscal 2023 group
funds from operations or FFO, while it posted sharply wider loss on an after tax
basis in a challenging environment.

Group FFO from continuing operations was 521.8 million euros or 1.31 euros per
share, down 3.3 percent from last year's 539.6 million euros or 1.36 euros per
share.

Loss for the period was 2.76 billion euros, compared to prior year's loss of
445.7 million euros.

Adjusted EBT, a key earnings metric, grew 1.4 percent from last year to 546.1
million euros, and adjusted EBITDA went up 1 percent to 634.8 million euros. The
Adjusted EBITDA Rental was 638.1 million euros, up 6.3%.

The net asset value or NAV, formerly EPRA NTA, declined 16.6% since year-end
2022 to 16.98 billion euros or 42.77 euros per share.

For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX