Deutsche Wohnen

EQS-News: Deutsche Wohnen: Stable Performance in the financial year 2023

Retrieved on: 
Wednesday, April 10, 2024
Deutsche Wohnen, Tax, EBT, Environment, Sale, NAV, EPRA, Care, Depreciation, LTV, Orientation

In a challenging environment for the real estate industry, Deutsche Wohnen SE delivered a stable operating performance in the financial year 2023.

Key Points: 
  • In a challenging environment for the real estate industry, Deutsche Wohnen SE delivered a stable operating performance in the financial year 2023.
  • The Deutsche Wohnen Management Board subjected the nursing care activities to a strategic review.
  • Going forward, Deutsche Wohnen will be making a clearer distinction in the management system between earnings orientation and liquidity orientation.
  • Going forward, Deutsche Wohnen will reconcile EBITDA to earnings before taxes (EBT), establishing this as the central measure of earnings.

EQS-News: Positive developments in Vonovia’s core business with disposals well above target and confident outlook for 2024 financial year

Retrieved on: 
Wednesday, April 10, 2024
Deutsche Wohnen, Pressure, Development, EBT, Growth, Renting, Supervisory board, Environment, CFO, SPI, ADJ, AGM, Policy, Economic development, 2012 Six-red World Championship, Carbon, Care, Adjustment, Investment, FFO, Renewable energy

EBT (Adjusted Earnings Before Taxes) from 2024 leading measure of earnings; OFCF (Operating Free Cashflow) as key metric of internal financing.

Key Points: 
  • EBT (Adjusted Earnings Before Taxes) from 2024 leading measure of earnings; OFCF (Operating Free Cashflow) as key metric of internal financing.
  • Expectations for 2024: disposals worth €3 billion, higher investments in energy-efficient modernization and faster expansion of solar panels.
  • Bochum, 14 March 2024 - As expected, Vonovia SE’s (“Vonovia”) performance developed robustly in 2023.
  • In 2023, Vonovia realised disposals (including joint venture structures) with a volume of around €4 billion – twice as much as the company’s initial target.

EQS-News: Deutsche Wohnen Publishes Preliminary Results for FY 2023

Retrieved on: 
Wednesday, April 10, 2024
Deutsche Wohnen, ADJ, Knowledge, NAV, Social responsibility, News, Full

Following the Full Year results for 2023 of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the financial year 2023.

Key Points: 
  • Following the Full Year results for 2023 of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the financial year 2023.
  • During the financial year 2023, Deutsche Wohnen SE generated a Group FFO of the continued operations of € 521.8 million (€ 1.31 per share).
  • Deutsche Wohnen is one of the leading publicly listed property companies in Europe and is part of the Vonovia Group.
  • These statements express the intentions, opinions or current expectations and assumptions of Deutsche Wohnen and the individuals acting in concert with it.

EQS-News: Deutsche Wohnen Publishes Preliminary Results for 9M 2023

Retrieved on: 
Tuesday, November 7, 2023
Knowledge, Deutsche Wohnen, KPI-driven code analysis, News, Social responsibility, NAV, ADJ, Security (finance), Automotive industry

Following the nine months’ interim results of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the first nine months of the financial year 2023.

Key Points: 
  • Following the nine months’ interim results of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the first nine months of the financial year 2023.
  • During the first nine months, Deutsche Wohnen SE generated an Group FFO of € 456.3 million (€ 1.15 per share).
  • The publication of the final numbers for the first nine months of the financial year 2023 is scheduled for November 7, 2023.
  • Deutsche Wohnen is one of the leading publicly listed property companies in Europe and is part of the Vonovia Group.

EQS-News: Stable in a challenging market environment through growth in core business and successful sales

Retrieved on: 
Tuesday, November 7, 2023
Deutsche Wohnen, Renting, Sale, SPI, Housing, Tax, Apollo, Government, EBITDA, Face, Motivation, Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, Maintenance, LTV, FFO, Development, Environment, Growth, Buch, CBRE, Partnership, HR, Completion, CFO, EPRA, Investment, CHRO, Security (finance), Environmental remediation, Fine chemical, Renewable energy, Commercial property, Retail, Cryptocurrency, Beauty salon, Vonovia

7% growth in rental business – Full occupancy - Almost no rent losses – Completion of 1,800 newly built rental units.

Key Points: 
  • 7% growth in rental business – Full occupancy - Almost no rent losses – Completion of 1,800 newly built rental units.
  • Our successful sales and joint venture agreements demonstrate the attractiveness of our portfolio and support our debt reduction,” says Rolf Buch, CEO of Vonovia SE.
  • Sales in all sales categories – New construction projects sold to CBRE for €357 million – Second venture partner agreed.
  • Overall, Vonovia has already generated around €3.7 billion sales revenue for debt reduction through sales and joint venture capital, including €1.7 billion since August.

EQS-News: Council-owned housing: Dresden buys 1,213 flats from Vonovia

Retrieved on: 
Friday, October 27, 2023
Sale, Council, Housing, Deutsche Wohnen, City Council of Dresden, Acquisition, City, Partnership, Letter, Municipal council, Property management, WID

Mayor Dirk Hilbert and Rolf Buch (CEO Vonovia) announce agreement: City of Dresden buys 1,213 flats from Vonovia through WiD

Key Points: 
  • Mayor Dirk Hilbert and Rolf Buch (CEO Vonovia) announce agreement: City of Dresden buys 1,213 flats from Vonovia through WiD
    Dresden, 27 October 2023.
  • Successful collaboration: Today, Mayor Dirk Hilbert and Rolf Buch, CEO of Vonovia SE, announced in Dresden that the city is purchasing 1,213 flats from Vonovia.
  • Today’s announcement means that an important milestone has been reached, and Dresden is significantly increasing its own housing stock.
  • WiD, owned by the city of Dresden, is acquiring 1,213 flats of various sizes in the districts of Neustadt and Prohlis.

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

Retrieved on: 
Tuesday, August 8, 2023
LTV, EPRA, Adjustment, Deutsche Wohnen, NAV, KPI-driven code analysis, Sale, Real estate

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

Key Points: 
  • Deutsche Wohnen SE delivered a stable operating performance in the first half-year of 2023.
  • 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.
  • 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.

EQS-News: Vonovia SE: strong rental business in Q2 2023 – Refinancing already covered until well into 2024

Retrieved on: 
Friday, August 4, 2023
SPI, SPD, Housing, Value, Climate change, Research, Sale, Government, LTV, Development, EPRA, Acquisition, Deutsche Wohnen, Investment, Orangi Pilot Project, CFO, Paris, Heat, BNP Paribas Real Estate, Letter, BEG, Renting, Environment, Property management, Cryptocurrency, Real estate, Renewable energy, Retail, EBITDA, Vonovia

Core rental business grows at around 10% in second quarter of 2023 – Virtually full rental occupancy – High customer satisfaction – Full-year 2023 guidance confirmed.

Key Points: 
  • Core rental business grows at around 10% in second quarter of 2023 – Virtually full rental occupancy – High customer satisfaction – Full-year 2023 guidance confirmed.
  • Bochum, 4 August 2023 – Vonovia SE reports a very good result in the rental business in the second quarter of 2023 and has confirmed its full-year guidance for 2023.
  • In July 2023, Vonovia partially repurchased 17 bonds maturing from 2024 onwards with a nominal value of €1.0 billion, at a discount of 11%.
  • According to current data from real estate portals, demand for rental flats remained high throughout Germany in Q2 2023.

EQS-News: Deutsche Wohnen SE Publishes Preliminary Results for 6M 2023

Retrieved on: 
Friday, August 4, 2023
Social responsibility, News, NAV, Sale, Deutsche Wohnen, Knowledge, KPI-driven code analysis, Security (finance), Bank

Following the six months’ interim results of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the first six months of the financial year 2023.

Key Points: 
  • Following the six months’ interim results of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the first six months of the financial year 2023.
  • In the first six months of the financial year 2023, Deutsche Wohnen generated a Group FFO close to the previous year’s level of € 297.4 million or € 0.75 per share.
  • Deutsche Wohnen is therefore examining, whether and when a potential sale of individual portfolios of the nursing segment might make economic sense.
  • Deutsche Wohnen is one of the leading publicly listed property companies in Europe and is part of the Vonovia Group.

EQS-News: Deutsche Wohnen SE: New line-up of Management Board

Retrieved on: 
Thursday, July 27, 2023
Financial Oversight and Management Board for Puerto Rico, Head, Deutsche Wohnen, Investment, Customer service, Supervisory board, Growth, News, Security (finance), Management

As of November 1, 2023, she will join GOLDBECK as a Member of the Management Board, where she will assume management responsibilities at Group level.

Key Points: 
  • As of November 1, 2023, she will join GOLDBECK as a Member of the Management Board, where she will assume management responsibilities at Group level.
  • As of today, the Supervisory Board of Deutsche Wohnen SE has appointed Lars Urbansky, the former Co-CEO, as the sole CEO.
  • A decision on Konstantina Kanellopoulos' successor on the Management Board of Deutsche Wohnen will be decided at a later date.
  • Fabian Heß, Chairman of the Supervisory Board of Deutsche Wohnen, says: “Deutsche Wohnen has an important responsibility in the German housing market.