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Deutsche Wohnen H1 FFO I per share rises 12.9% YOY

Deutsche Wohnen SE said its funds from operations I for the first half rose 12.9% to 79 euro cents per share from 70 cents per share in the year-ago period.

FFO I totaled €283.4 million for the six months ended June 30, up from €249.8 million in the prior-year period. Meanwhile, FFO II rose 18.6% year over year to €305.4 million, or 86 cents per share, from €257.5 million, or 73 cents per share.

Contracted rental income rose 6.1% on an annual basis to €411.1 million from €387.3 million, while consolidated profit decreased 7.6% year over year to €603.1 million from €652.7 million.