Deutsche Wohnen SE Announces Preliminary Financial Results for 2023

Deutsche Wohnen SE shared its preliminary financial outcomes for the fiscal year 2023 on March 14, 2024, following the financial performance disclosure by its main shareholder, Vonovia SE. Based in Berlin, Deutsche Wohnen, a leading property company in Europe, recorded a Group FFO (Funds From Operations) of €521.8 million, translating to €1.31 per share. Additionally, the company's Adjusted Net Asset Value (Adj. NAV) was reported at €16,976.6 million, or €42.77 per share.

The company, known for managing a portfolio of residential properties in Germany's metropolitan areas, underscored the significance of these preliminary results ahead of the final report set to be published on March 20, 2024. As of December 31, 2023, Deutsche Wohnen's portfolio consisted of approximately 140,000 residential units. This report marks a crucial point for the company in assessing its financial health and operational success within the competitive European real estate market.