DGAP-News
Deutsche Wohnen AG: Interim result as at 30 September 2014 - Deutsche Wohnen strongly positioned - Seite 2
consist of acquisitions made in the years 2012 and 2013, have also
developed positively. Here it was possible to achieve a gross rental
increase of 2.2% and to reduce the vacancy rate further to 2.8% (previous
year: 3.8%).
In comparison to the previous year (EUR 17.9 million), earnings from
disposals rose markedly to EUR 38.8 million. In the first nine months of
2014 a total of 4,089 units were sold, 2,037 of which as privatisations.
Deutsche Wohnen continues to benefit here from the high demand for property
as a form of investment.
Refinancing makes considerable savings possible
With its successful refinancing transaction of EUR 1.76 billion in autumn
this year Deutsche Wohnen has been able to improve its financing structure
and its cash flow profile significantly. The future interest savings will
amount to around EUR 39 million a year.
"We have made use of the favourable market environment and positioned
Deutsche Wohnen outstandingly well, to generate further growth in future
and moreover be forearmed to deal with a possible rise in interest rates,"
explained Michael Zahn, CEO of Deutsche Wohnen AG.
Deutsche Wohnen
Deutsche Wohnen is one of the largest publicly listed residential property
companies in Germany and Europe with a business focus on managing and
developing its residential property portfolio. As at 30 September 2014 the
portfolio comprised a total of 148,906 units, of which 146,822 are
residential units and 2,084 commercial properties. In addition, the company
operates around 2,200 nursing places/apartments in the business area of
Nursing and Assisted Living. The company is listed in the Deutsche Börse's
MDAX and is also included in the leading indices EPRA/NAREIT and GPR 100.
Contact
Phone +49 (0)30 897 86-5413
Fax +49 (0)30 897 86-5409
ir@deutsche-wohnen.com
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12.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
Germany
Phone: +49 (0)30 89786-0
Fax: +49 (0)30 89786-5409
E-mail: ir@deutsche-wohnen.com
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6
WKN: A0HN5C
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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296420 12.11.2014
With its successful refinancing transaction of EUR 1.76 billion in autumn
this year Deutsche Wohnen has been able to improve its financing structure
and its cash flow profile significantly. The future interest savings will
amount to around EUR 39 million a year.
"We have made use of the favourable market environment and positioned
Deutsche Wohnen outstandingly well, to generate further growth in future
and moreover be forearmed to deal with a possible rise in interest rates,"
explained Michael Zahn, CEO of Deutsche Wohnen AG.
Deutsche Wohnen
Deutsche Wohnen is one of the largest publicly listed residential property
companies in Germany and Europe with a business focus on managing and
developing its residential property portfolio. As at 30 September 2014 the
portfolio comprised a total of 148,906 units, of which 146,822 are
residential units and 2,084 commercial properties. In addition, the company
operates around 2,200 nursing places/apartments in the business area of
Nursing and Assisted Living. The company is listed in the Deutsche Börse's
MDAX and is also included in the leading indices EPRA/NAREIT and GPR 100.
Contact
Phone +49 (0)30 897 86-5413
Fax +49 (0)30 897 86-5409
ir@deutsche-wohnen.com
---------------------------------------------------------------------
12.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
Germany
Phone: +49 (0)30 89786-0
Fax: +49 (0)30 89786-5409
E-mail: ir@deutsche-wohnen.com
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6
WKN: A0HN5C
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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296420 12.11.2014
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