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Deutsche Wohnen SE (DWNI.DE)

XETRA - XETRA Delayed price. Currency in EUR
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43.18+0.04 (+0.09%)
At close: 5:35PM CEST
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Previous close43.14
Open43.30
Bid42.98 x 7600
Ask43.00 x 56500
Day's range42.64 - 43.38
52-week range37.17 - 46.97
Volume2,289,507
Avg. volume1,040,832
Market cap14.844B
Beta (5Y monthly)0.20
PE ratio (TTM)10.45
EPS (TTM)4.13
Earnings date12 May 2021
Forward dividend & yield1.03 (2.39%)
Ex-dividend date02 Jun 2021
1y target est44.86
  • EQS Group

    Deutsche Wohnen SE: Deutsche Wohnen focuses on climate neutrality

    DGAP-News: Deutsche Wohnen SE / Key word(s): Sustainability28.04.2021 / 10:39 The issuer is solely responsible for the content of this announcement.Corporate News Sustainability Report 2020Deutsche Wohnen focuses on climate neutrality- Climate strategy: climate-neutral property stock by 2040- Sustainable building in accordance with Gold standard of German Sustainable Building Council- Issuance of green corporate bonds- Customer satisfaction continues to be highest priorityBerlin, 28 April 2021. Today, Deutsche Wohnen published its Sustainability Report for the reporting year 2020. In this report the company provides information about the progress it is making with its commitment to sustainability and sets itself ambitious goals for the future.Michael Zahn, the CEO of Deutsche Wohnen SE, summarises the situation as follows: "Thanks to our ongoing investment in building shells, building technology and energy-efficient refurbishment work, we have today one of the most climate-friendly portfolios in our sector. Consequently, we have set ourselves the target of achieving climate neutrality in our holdings in less than 20 years. We are involving our tenants in our journey towards this target and are designing all our investments to be socially responsible."Climate-neutral holdings by 2040The success of the climate transition will also be decided in the property sector because currently it is responsible for a third of the country's CO2 emissions. As part of this sector, Deutsche Wohnen is aware of its responsibilities and wants to lead the way with ambitious climate goals. Accordingly, it is planned to make the company's property holdings climate-neutral by as early as 2040. Building on the work it has already done in previous years, Deutsche Wohnen will invest above all in the energy-efficient refurbishments of its buildings and in the low-carbon generation of heat and electricity. To achieve this, it is critically important to deploy solar cell systems and to interlink local heat and hot water generation with efficient combined heat and power (CHP) plants. Equally, it is intended that climate-friendly new builds, building automation and smart applications for regulating heating should contribute to achieving the goal of climate neutrality. By adopting these measures, Deutsche Wohnen will reduce its current CO2 intensity of 33 kg CO2e/m2 to below 12 kg CO2e/m2 by 2040. In so doing, the company will achieve the target corridor for practically climate-neutral holdings which has been defined as a reliable standard by the Initiative Wohnen 2050 (IW.2050), an association of housing companies.Deutsche Wohnen wants to make this journey towards climate-neutral holdings together with its tenants. Against this background, it reinforces the promise it made to its tenants that no tenant needs to be worried that their flat will become unaffordable in the face of rent adjustments or as a result of refurbishment measures. For the company, a further key pillar in its efforts to achieve these climate goals is its "Plan for socially responsible climate protection in the property sector", which was published in summer 2020. The proposal aims to use revenue from the Energy and Climate Fund, which is financed by the CO2 levy, to significantly reduce the modernisation costs that can be passed on to the tenant. This would resolve the climate protection / housing costs dilemma.Sustainable building in accordance with Gold standard of the German Sustainable Building CouncilWith an investment volume of more than EUR 7 billion, Deutsche Wohnen will, in future, strengthen its efforts to build new housing, especially in attractive metropolitan and growth regions. The company sees itself as having a responsibility to create liveable neighbourhoods that are fit for the future - and to do so sustainably. All our new builds are to be certified in future by the German Sustainable Building Council - at the very least with its Gold standard. The award means that the entire life cycle of a property is taken into consideration and ensures that high sustainability standards are made binding.Issuance of green corporate bondsAt the end of the first quarter 2021 and in order to create an even stronger link between its sustainability strategy and its financing requirements, Deutsche Wohnen issued for the first time two green corporate bonds on the capital markets in a total amount of EUR 1 billion. The net proceeds from the issue will be used to finance green projects. This will enable the company in future to increase its investment in the construction of climate-friendly buildings and in the energy-efficient refurbishment of its existing holdings. This successful issuance is also clear evidence of the attractiveness and durability of the company's business model and a clear signal to Deutsche Wohnen that it should pursue its sustainability strategy consistently and make a key contribution to the provision of sustainable housing in Germany.Continued focus on customer satisfactionThe satisfaction of its tenants has the highest priority for Deutsche Wohnen. To this end, a central customer service unit was created last year with the aim of designing processes to be faster, more transparent and more customer-friendly in future. The results of the tenants' survey from the third quarter 2020 show that Deutsche Wohnen is on the right path with the measures it has taken. According to the survey, 9 out of 10 tenants are satisfied with their flat (2019: 87%). Moreover, satisfaction with Deutsche Wohnen as a company rose by comparison with the previous year from 78% to 82%. The results of this annual survey motivate us to continue to invest in process optimisation and customer satisfaction.Unusual actions are needed in unusual times. In order to protect residential and commercial tenants who had got into payment difficulties as a result of the corona pandemic, the company established its own corona support fund in an amount of EUR 30 million in 2020. In this way, Deutsche Wohnen is contributing to ensure that financial difficulties do not lead to social hardship. It is planned to continue with this fund in 2021 so that support can be provided quickly.The current Sustainability Report is available for download via the following link: https://www.deutsche-wohnen.com/ueber-uns/unternehmen/nachhaltigkeit/. The report complements the Annual Report and the magazine, offering detailed information about Deutsche Wohnen's understanding of sustainability and its achievements in the five areas of action listed in the report: responsible company management, responsibility for customers and properties, responsibility for employees, responsibility for the environment and the climate, and responsibility for society.Deutsche WohnenDeutsche 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 31 December 2020, the portfolio comprised a total of around 155,400 residential and 2,900 commercial units. Deutsche Wohnen SE is listed in the Deutsche Börse's DAX and is also included in the leading indices EPRA/NAREIT, STOXX Europe 600, GPR 250 and DAX 50 ESG.Important noteThis 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 86-5413Fax +49 (0)30 897 86-5419ir@deutsche-wohnen.com28.04.2021 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 Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1188508 End of News DGAP News Service

  • EQS Group

    Deutsche Wohnen SE: Decision of the Federal Constitutional Court on the Berlin rent cap / 'No tenant of Deutsche Wohnen will lose the home as a result of the decision'

    DGAP-News: Deutsche Wohnen SE / Key word(s): Legal Matter15.04.2021 / 11:11 The issuer is solely responsible for the content of this announcement.Corporate NewsDecision of the Federal Constitutional Court on the Berlin rent cap"No tenant of Deutsche Wohnen will lose the home as a result of the decision"- Quick decision by the court: tenants and landlords now have legal certainty- Consensus of BBU members: subsequent claims should be made with the greatest sense of social responsibility- Deutsche Wohnen's promise: no tenant of Deutsche Wohnen will lose the home as a result of the decisionBerlin, 15 April 2021. With the decision of March 25, 2021, published today, the 2nd Senate of Federal Constitutional Court has declared the so-called Berlin rent cap (MietenWoG Bln) incompatible with the Basic Law and therefore null and void. Deutsche Wohnen SE welcomes the court's swift decision, as it creates the necessary legal certainty for both tenants and landlords.When implementing the decision, the company's promise applies: "No tenant of Deutsche Wohnen will lose the home as a result of this decision; we will proceed with the greatest sense of social responsibility." Deutsche Wohnen offers a whole range of options for settling the balance of the rent due: from one-off payments to instalment payments and deferments. In cases of social hardship, the company will find individual solutions together with the tenants.With this procedure, Deutsche Wohnen is acting in complete alignment with the BBU Verband Berlin-Brandenburgischer Wohnungsunternehmen e.V. (Association of Berlin-Brandenburg Housing Companies), which represents more than 729,000 apartments and thus 44 percent of the stock in Berlin. Deutsche Wohnen is part of the initiative social housing sector of the BBU.Deutsche Wohnen sees its responsibility to contribute to an easing of the housing markets, especially in metropolitan regions and conurbations. To this end, it is important to bring together all actors to develop solutions jointly. Deutsche WohnenDeutsche 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 31 December 2020, the portfolio comprised a total of around 155,400 residential and 2,900 commercial units. Deutsche Wohnen SE is listed in the Deutsche Börse's DAX and is also included in the leading indices EPRA/NAREIT, STOXX Europe 600, GPR 250 and DAX 50 ESG.Contact:Phone +49 (0)30 897 86-5413Fax +49 (0)30 897 86-5419ir@deutsche-wohnen.com15.04.2021 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 Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1185250 End of News DGAP News Service

  • EQS Group

    Deutsche Wohnen SE: Solid results and a positive outlook for Deutsche Wohnen

    DGAP-News: Deutsche Wohnen SE / Key word(s): 9 Month figures13.11.2020 / 07:10 The issuer is solely responsible for the content of this announcement.Corporate NewsInterim result as at 30 September 2020Solid results and a positive outlook for Deutsche Wohnen - Deutsche Wohnen reaffirms its promise that no tenant will lose their flat as a result of the coronavirus pandemic - Increase in value of portfolio by the end of the year- Further specific steps in the area of climate protection and sustainability- Over 30,000 households contacted for the 2020 tenants' surveyBerlin, 13 November 2020. The coronavirus pandemic continues to impact all of our lives. In the course of this crisis, Deutsche Wohnen has adapted its operating procedures to make them more flexible and stands ready to support tenants - not least with its coronavirus support fund, which is unique in the housing sector. In the current partial lockdown, the hygiene protocols in the company and for contact with customers have once again been adapted to meet the relevant requirements. It remains the case that only a few tenants - in fact just over one per cent - have contacted Deutsche Wohnen to enquire about support because of financial hardship caused by this crisis. As Michael Zahn, CEO of Deutsche Wohnen, explains, "Fortunately, the number of tenants who have found themselves in financial difficulty has been small up to now. Nevertheless, we stand by our promise to all those who are or may be affected: No one needs to be worried about losing their flat as a result of the pandemic."From an economic perspective, the crisis has had only a minor impact on Deutsche Wohnen up to now. Michael Zahn goes on to add, "The quality of our decidedly robust business model is particularly in evidence in the current climate of uncertainty. Accordingly, the Deutsche Wohnen share developed positively in the third quarter as well and has proved itself to be a secure and stable investment. This stability means that we are in a position to support particularly our commercial tenants throughout Germany in these difficult times and to make a contribution to maintaining vibrant neighborhoods and cities in the future as well." Expectations for the first nine months confirmedThe first nine months of the financial year were in line with expectations, and we were able to complete them with a solid result. At EUR 1.21 per share, FFO I per share rose slightly in comparison with the previous year (9m 2019: EUR 1.20). Moreover, EPRA NAV per share increased by approximately 1.9% to EUR 47.89. Taking into consideration all the disposals that have already been made this year, the loan-to-value ratio (LTV) of 39.3% is within the target range. Confirmation of forecast and increase in value of portfolio by end of the yearEven in the coronavirus pandemic, Germany's largest cities remain attractive, with the residential property market continuing to develop dynamically. Over 80% of the properties held by Deutsche Wohnen are located in the largest of these high-growth cities. Against this background and due to the stable development of its business, Deutsche Wohnen anticipates valuation gains in the amount of approximately 6% of the current portfolio value, which will have a positive impact on the net asset value (EPRA NAV) of the company.Deutsche Wohnen also reaffirms its forecast for FFO I to be at the same level as the previous year - namely approximately EUR 540 million. Implementation of measures for climate protection and sustainabilityIn the third quarter as well, Deutsche Wohnen took specific steps towards achieving greater climate protection and sustainability in the property industry. At an event that was organised by the company, delegates, who included the President of the German Environment Agency and members of the German federal parliament, held discussions about Deutsche Wohnen's "Plan for socially acceptable climate protection in the housing sector" and about climate protection in this sector in general.A study carried out by the German Economic Institute on behalf of Deutsche Wohnen calculated that almost EUR 500 billion will have to be invested in housing if the sector is to achieve its climate protection goals. This means that the rate of refurbishment would have to be increased from its current level of 1% a year to 2.5% a year. Deutsche Wohnen's proposal would save tenants in Germany whose homes are refurbished the sum of EUR 4 billion annually. This, in turn, would increase their acceptance of such measures. In the end, this could halve CO2 emissions by 2030 and reduce them to as little as a quarter of today's level by 2050.In addition to its efforts to bring about a climate transition in the housing sector, the company is also investing in sustainable living in local neighbourhoods. In a drive for green energy, Deutsche Wohnen has announced the installation of 1,000 photovoltaic systems, with the first of these being installed this year. In addition, 2,000 charging points for electric vehicles will be installed, which will support the transition to ecologically sustainable mobility. In total, the company is investing approximately EUR 75 million in these measures. Tenants' survey 2020Deutsche Wohnen also started its annual tenants' survey in the third quarter. Approximately 31,000 households were sent a questionnaire covering topics like housing satisfaction, customer service and rental costs. The survey has not quite been completed yet, but the indications are that the response rate will be about the same as the positive rate achieved in the previous year (2019: 36%). Moreover, in areas of key importance like housing satisfaction (2019: 87%) and satisfaction with Deutsche Wohnen (2019: 78%), the indications are that approval rates will be similarly high.Deutsche Wohnen always acts on the results of these tenants' surveys and introduces specific measures to improve customer satisfaction. For example, as a result of a previous survey, Deutsche Wohnen responded to the tenants' demands for faster processing times by centralising its customer service last year in order to be able to deal more promptly with reports of defects. Overview of business development   9m 2020 (EUR m) 9m 2019 (EUR m) Earnings from Residential Property Management 553.9 549.6 Earnings from Disposals -1.6 24.8 Earnings from Nursing and Assisted Living 62.0 65.4 Corporate expenses -78.4 -72.5 Other expenses/revenues -27.9 -6.7 Operating result (EBITDA) 508.0 560.6 Depreciation -29.2 -29.9 Adjustment to the fair value of investment properties 171.7 447.0 Earnings from companies valued at equity 2.1 1.7 Financial result -226.7 -126.3 Earnings before taxes (EBT) 425.9 853.1 Current taxes -37.5 -29.7 Deferred taxes -80.5 -188.7 Profit/loss for the period 307.9 634.7   Deutsche WohnenDeutsche Wohnen is one of the largest publicly listed residential property companies in Germany and Europe with a business focus on managing and developing its portfolio, which consists mainly of residential properties. As at 30 September 2020, the portfolio comprised a total of 165,700 units, of which 162,700 are residential and 3,000 commercial. The company is listed in the Deutsche Börse's DAX and is also included in the leading indices EPRA/NAREIT, STOXX Europe 600, GPR 250 and DAX 50 ESG.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 86-5413Fax +49 (0)30 897 86-5419ir@deutsche-wohnen.com13.11.2020 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 Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1147886   End of News DGAP News Service