deutschewohnen
German real estate company Deutsche Wohnen reported a net profit of €99.3 million ($106.7 million) for the first quarter of the year, compared to a loss of €667.9 million last year. Excluding items, earnings before taxes increased to €141.3 million or €0.36 per share from previous year's €136.8 million or €0.34 per share. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) stood at €163.2 million as against €159.6 million in 2023. Value-add adjusted EBITDA was €3.1 million, up from previous year's €2.2 million. Excluding items, rental EBITDA moved up to €160.4 mill...
DPA Breaking News
German property company Deutsche Wohnen saw preliminary adjusted earnings before tax from continuing operations of €141.3 million ($151.4 million), or €0.36 per share, for the first quarter, the company reported on Tuesday. On an adjusted basis, net asset value (NAV) was €17.01 billion, or €42.85 per share, lower than the €19.461 billion, or €49.03 per share, reported last year. As of March 31, the company's portfolio comprised a total of around 140,000 residential units. First-quarter results are scheduled to be reported on May 3.
DPA Breaking News
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