EQS-News

Deutsche Wohnen: Stable Performance in the financial year 2023 - Seite 2

Other relevant KPIs also saw a stable development. The Group FFO of the continued operations was €521.8 million, which was slightly below the prior-year level. On a per-share basis, the Group FFO for the continued operations came to €1.31. The NAV (formerly EPRA NTA) declined by 16.6% since year-end 2022 to €16.976.6 million or €42.77 per share. The LTV was stable at 30.4%.

Key numbers

Financial KPIs		FY 2022	FY 2023	Delta
Adjusted EBITDA Rental	€ million	600.1	638.1	+6.3%
Adjusted EBITDA Value-add	€ million	14.1	10.6	-24.8%
Adjusted EBITDA Recurring Sales	€ million	14.6	1.3	-91.1%
Adjusted EBITDA Development	€ million	-0.3	-15.2	>100%
Adjusted EBITDA Total (of continued operations)*	€ million	628.5	634.8	+1.0%
Adjusted EBITDA Total (discontiued operations)*	€ million	73.3	44.6	-39.2%
Adjusted EBT	€ million	538.7	546.1	1.4%
Operating Free Cash-Flow (OFCF)	€ million	356.7	267.2	-25.1%
Group FFO (of continued operations)*	€ million	539.6	521.8	-3.3%
Group FFO (of discontinued operations)*	€ million	53.9	42.9	-20.4%
Group FFO (of continued operations) per share	€	1.36	1.31	-3.3%
Profit for the period	€ million	-445.7	-2,761.1	>100%
Balance Sheet		Dec. 31, 2022	Dec. 31,2023	Delta
Investment Properties	€ million	27,301.9	23,021.5	-15.7%
Equity	€ million	16,775.1	13,998.2	-16.6%
Loan-to-Value Ratio (LTV)	%	28.1	30.4	+2.3pp
NAV	€ million	20,361.0	16,976.6	-16.6%
NAV per share	€	51.30	42.77	-16.6%
Non-financial KPIs		Dec. 31, 2022	Dec. 31, 2023	Delta
Number of owned residential units		140.286	139.847	-0.3%
In-place rent (residential)	€ per m²	7.48	7.72	+3.2%
Vacancy rate (residential)	%	1.9%	1.5%	-0.4pp

* Previous year's figures (2022) comparable according to current key figure and segment definition 2023. Please see chapter [A2] Adjustment to Prior-year Figures of the Deutsche Wohnen 2023 Annual Report.