Germany's Deutsche Wohnen SE said its full-year 2018 funds from operations I amounted to €479.4 million, a gain of 10.9% from €432.3 million in the year-earlier period.

On a per-share basis, FFO I totaled €1.35, up 9.8% year over year from €1.23.

The S&P Global Market Intelligence consensus FFO estimate for 2018 was €1.33 per share.

FFO II increased 8.3% year over year to €522.5 million, or €1.47 per share, from €482.6 million, or €1.37 per share.

Rental income increased 5.5% on an annual basis to €785.5 million from €744.2 million.

For 2019, the company expects FFO I at roughly €535.0 million.

At the annual general meeting, the company will recommend the payment of a dividend worth 87 euro cents per share for the full year 2018, reflecting an increase from the previous annual dividend of 80 cents per share. The management and supervisory boards are also evaluating their decision to offer shareholders the option of receiving the dividend in cash or partly in shares.