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Deutsche Wohnen raises earnings for 2015 by about 38 per cent - Seite 2

stock as well as acquisitions that have already been announced; further
potential acquisitions are not included in the forecast.

Deutsche Wohnen expects the market development in its strategic core and
growth regions to remain positive. Based on a forecast like-for-like rent
increase of around 3 per cent on average for the years ahead, and provided
that conditions remain largely unchanged, the Management Board sees further
potential for value adjustment within the portfolio. As of the end of the
financial year 2016, Deutsche Wohnen anticipates an EPRA NAV of EUR 25 to
EUR 26 per share.

Against the background of the continuously positive business development,
the Management Board has decided to increase the dividend payout ratio for
the financial year 2016 to 65 per cent of FFO I.

"Deutsche Wohnen achieved a record result in 2015. We exceeded our targets
and we see ourselves in an excellent position for 2016. In view of this
potential, we are raising our forecast for 2016 and let our shareholders
increasingly participate in this success via the increase in the dividend
payout ratio. We are thereby demonstrating once again the sustainability
and strength of our business model," said Michael Zahn, Chief Executive
Officer of Deutsche Wohnen.


Deutsche Wohnen

Deutsche Wohnen is one of the largest publicly listed real estate companies
in Germany and Europe with a business focus on managing and developing its
portfolio, which focuses on residential properties. As at 31 September 2015
the portfolio comprised a total of 149,201 units, of which 146,999 are
residential units and 2,202 commercial properties. Deutsche Wohnen is
listed in the Deutsche Börse's MDAX and is also included in the leading
indices EPRA/NAREIT and GPR 100.


Important Note

This publication constitutes neither an offer to sell nor an invitation to
purchase securities.

Insofar as this document contains forward-looking statements, these
statements do not represent any facts and are identified by the words
"become", "expect", "believe", "estimate", "intend", "strive", "assume" and
similar phrases. Such statements express the intentions, opinions or
current expectations or assumptions of Deutsche Wohnen and of the persons
acting in concert with it. The forward-looking statements are based on
current plans, estimates and forecasts which Deutsche Wohnen and the
persons acting in cooperation with it have made to the best of their
knowledge, but which do not claim to be correct in the future.
Forward-looking statements are subject to risks and uncertainties, which
are often very difficult to predict and usually do not lie within the
sphere of influence of Deutsche Wohnen or the persons acting in concert
with the company. It should be taken into account that actual results or
performance to differ materially from those expressed or implied by the
forward-looking statements.


Contact

Phone [phone]
Fax [phone]
[e-mail]


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Language: English
Company: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: http://www.deutsche-wohnen.com
ISIN: DE000A0HN5C6
WKN: A0HN5C
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


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