Deutsche Wohnen Publishes Preliminary Results for 2022
Berlin, March 16, 2023. Following the full year results of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the financial year 2022. The numbers are unaudited and preliminary.
In the financial year 2022, Deutsche Wohnen SE generated a Group FFO at the previous year’s level of € 593.6 million or € 1.50 per share. The old KPI FFO I was 6.4% below the prior year period at € 517.9m, but around 6% above the forecast figure. The revaluation of the portfolio led to a result from the fair value measurement of investment properties of -€ 917.5 million and contributed significantly to a reduction in net asset value (NAV) to € 20,361.0 million; this corresponds to a NAV per share of € 51.30.
The publication of the consolidated financial statements for the financial year 2022 is scheduled for March 24, 2023.
Deutsche Wohnen is one of the leading publicly listed property companies in Europe and is part of the Vonovia Group. The business focus of the company is on managing its own portfolio of residential properties in dynamic metropolitan regions and conurbations in Germany. Deutsche Wohnen sees itself as having both a social responsibility and a duty to maintain and newly develop good-quality and affordable housing in vibrant residential neighbourhoods. As of 31 December 2022, the portfolio comprised a total of around 140,000 residential units.
This publication is neither an offer to sell nor a solicitation to buy securities.
To the extent that this document contains forward-looking statements, these are not facts and are recognisable by such words as ‘will’, ‘expect’, ‘believe’, ‘estimate’, ‘intend’, ‘endeavour’, ‘assume’ and similar expressions. These statements express the intentions, opinions or current expectations and assumptions of Deutsche Wohnen and the individuals acting in concert with it. The forward-looking statements are based on current plans, estimates and forecasts that Deutsche Wohnen and the individuals acting in concert with it have made to the best of their knowledge, but do not make any claims as to their future accuracy. Forward-looking statements are subject to risks and uncertainties that are generally difficult to predict and are usually not within the control of Deutsche Wohnen or the individuals acting in concert with it. It should be remembered that the actual results or consequences may differ considerably from those mentioned or contained in the forward-looking statements.
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