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Deutsche Wohnen SE: Deutsche Wohnen with revaluation gains in the third quarter 2021

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DGAP-News: Deutsche Wohnen SE / Key word(s): Real Estate/Quarterly / Interim Statement
04.11.2021 / 07:10
The issuer is solely responsible for the content of this announcement.


Corporate News
 

Deutsche Wohnen with revaluation gains in the third quarter 2021
 

Berlin, 4. November 2021. As of 30th of September 2021 a revaluation of our real estate portfolio was executed as demand for investment properties continues to be strong. The result of the revaluation of Deutsche Wohnen SE properties amounts to EUR 1.5 billion. That corresponds to an increase of around EUR 1.0 billion since the last revaluation that took place on the 30th of June 2021. With just more than EUR 53 per share as at 30. September 2021, EPRA NTA is slightly above the level of the first half-year 2021 (EUR 52.67 per share as per 30th June 2021).

The publication of the interim results for the first nine months of the financial year 2021 is scheduled for the 12th of November 2021.

 

Deutsche Wohnen

Deutsche Wohnen is one of the leading publicly listed residential property companies in Europe. The business focus of the company is on managing its own portfolio of residential properties in dynamic metropolitan regions and conurbations in Germany. Deutsche Wohnen sees itself as having both a social responsibility and a duty to maintain and newly develop good-quality and affordable housing in vibrant residential neighbourhoods. As at 30 June 2021, the portfolio comprised a total of around 158,000 units, of which around 155,000 were residential and around 3,000 commercial.


Important note

This publication is neither an offer to sell nor a solicitation to buy securities.

To the extent that this document contains forward-looking statements, these are not facts and are recognisable by such words as 'will', 'expect', 'believe', 'estimate', 'intend', 'endeavour', 'assume' and similar expressions. These statements express the intentions, opinions or current expectations and assumptions of Deutsche Wohnen and the individuals acting in concert with it. The forward-looking statements are based on current plans, estimates and forecasts that Deutsche Wohnen and the individuals acting in concert with it have made to the best of their knowledge, but do not make any claims as to their future accuracy. Forward-looking statements are subject to risks and uncertainties that are generally difficult to predict and are usually not within the control of Deutsche Wohnen or the individuals acting in concert with it. It should be remembered that the actual results or consequences may differ considerably from those mentioned or contained in the forward-looking statements.




Contact:
Phone +49 (0)30 897 86-5413
Fax +49 (0)30 897 86-5419
ir@deutsche-wohnen.com


04.11.2021 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.
Archive at www.dgap.de

Language:

English

Company:

Deutsche Wohnen SE

Mecklenburgische Straße 57

14197 Berlin

Germany

Phone:

+49 (0)30 89786-5413

Fax:

+49 (0)30 89786-5419

E-mail:

ir@deutsche-wohnen.com

Internet:

https://www.deutsche-wohnen.com

ISIN:

DE000A0HN5C6

WKN:

A0HN5C

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1245732


 

End of News

DGAP News Service

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