trending Market Intelligence /marketintelligence/en/news-insights/trending/AOW1uvL3gAVDLih_staXcg2 content esgSubNav
In This List

Deutsche Wohnen's H1 consolidated group profit up YOY


Gauging Supply Chain Risk In Volatile Times


The Future of Risk Management Digitization in Credit Risk Management


Climate Credit Analytics: Diving into the model


How to use ESG Heat Maps in Credit Risk Analysis

Deutsche Wohnen's H1 consolidated group profit up YOY

Deutsche Wohnen SE's first-half consolidated group profit came in at €672.0 million, up from €647.2 million in the year-ago period.

A revaluation of the company's portfolio and higher operating result translated to an uplift of "just under" €900 million. Of the amount, €800 million is attributable to the core plus segment, especially in Greater Berlin.

Funds from operations, or FFO I, for the review period rose 11% year over year to reach €220.8 million, from €198.7 million in the first half of 2016.

FFO I per share registered an approximately 7% increase to reach 63 euro cents.

EPRA NAV increased 6% to reach €31.42 per share, from €29.68 per share as at 2016-end.

The company said it invested €124.9 million, or roughly €25.27 per square meter in maintenance and modernization work across its portfolio during the first half, as part of its €1 billion modernization program. The company intends to refurbish roughly 30,000 units until 2021.

Deutsche Wohnen affirmed its FFO I forecast for the year, which it projected to reach €425 million.