Brief: Deutsche Wohnen 2022 FFO 1 Expected At EUR 490 Mln

Deutsche Wohnen SE

31/03/2022 06:25

March 31 (Reuters) - Deutsche Wohnen SE  DWNG.DE :
    * DGAP-NEWS: DEUTSCHE WOHNEN SE: SUCCESSFUL FINANCIAL YEAR
IN 2021
FOR DEUTSCHE WOHNEN AND A POSITIVE OUTLOOK
    * STABLE GROWTH OF KEY PERFORMANCE FIGURES, INCREASE OF JUST
UNDER
EUR 1.9 BILLION IN VALUE OF PROPERTY PORTFOLIO
    * SOUND FFO I, FURTHER NAV GROWTH EXPECTED IN CURRENT YEAR
    * 2021 EARNINGS AFTER TAXES OF EUR 919 MILLION (PREVIOUS
YEAR: EUR
1,553.1 MILLION)
    * AT EUR 1.54, FFO I PER SHARE WAS JUST 0.6% DOWN ON
PREVIOUS YEAR
    * 2022 FORECAST ENVISAGES AN FFO I IN AMOUNT OF EUR 490
MILLION
    * AS ALREADY ANNOUNCED BY MAJORITY SHAREHOLDER VONOVIA SE,
IT IS
INTENDED TO REINVEST LIQUID CAPITAL AND NOT TO DISTRIBUTE IT IN
FORM OF A DIVIDEND
    * 2021 CONTRACTED RENTAL INCOME WAS EUR 843.6 MILLION, WHICH
CORRESPONDS TO A RISE OF 0.7% COMPARED TO PREVIOUS YEAR

Further company coverage:  DWNG.DE 

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