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Interim result as at 30 September 2019

Interim result as at 31 March 2020

Interim result as at 30 September 2019

In the first half-year, Deutsche Wohnen continued its stable development, and its results were in line with the forecast. Furthermore, the company is making systematic progress with its ambitious climate and new-build strategy. As before, Deutsche Wohnen takes a positive view of the intended business combination with Vonovia SE.

Deutsche Wohnen has completed the first quarter of 2021 with its key figures having developed positively. The decision of the Federal Constitutional Court has put an end to the legal uncertainty on Berlin’s residential property market and has created scope for investment in existing properties and new builds. And for the first time in its history, Deutsche Wohnen issued green corporate bonds.

Deutsche Wohnen can look back on a successful financial year 2019, to which all segments of the business contributed. The adjusted earnings before taxes improved by approximately 30% to EUR 704 million, and the property portfolio increased in value by EUR 1.4 billion. Key performance figures for the company improved as well (FFO I per share +10%, EPRA NAV per share +11%, LTV (loan-to-value ratio) 35.4%). In the reporting year, the rental growth was 3.4%, whereby in-place rents for existing tenants increased moderately in line with inflation by 1.5%.

Deutsche Wohnen SE made a number of strategic decisions in 2018 to successfully address the future challenges in the housing sector. The company significantly increased its investments to create and maintain housing, with spending on new construction up almost threefold. At the same time Deutsche Wohnen increased its investment in climate-protection measures for its portfolio, in order to make a contribution to the energy transition as a leading German property company. Investments into the digitisation of the company also went up significantly.

Despite the challenges created by the coronavirus pandemic, Deutsche Wohnen can look back on a successful financial year 2020 and anticipates a robust performance in 2021. Building on its economic stability, the company is presenting an ambitious climate strategy to enable it to achieve climate-neutral holdings by 2040. A detailed climate pathway with clear milestones will create transparency for this strategy and will make our progress measurable. In addition, Deutsche Wohnen is driving its commitment to building new housing and is concentrating its project management capacities in a single, independent platform. With this platform, we are creating a centre of competence for sustainable new builds in Germany.