logo
Plus   Neg
Share
Email

Deutsche Wohnen H1 FFO I Rises; Backs FY FFO I Outlook - Quick Facts

German real estate firm Deutsche Wohnen AG (DWHHF.PK) reported that its FFO I or Funds from Operations, operating result after current interest and taxes for the first half-year 2018 increased by 13% to 248.5 million euros from 220.8 million euros last year. FFO I per share was up by 11% to 0.70 euros.

Consolidated group profit was 652.7 million euros compared to 672.0 million euros last year. In particular, the valuation increase of the portfolio, higher earnings from Residential Property Management and the improved financial result had a positive effect on the total comprehensive income.

Contracted rental income rose to 387.3 million euros in the first half of 2018 from previous year's 366.5 million euros.

For the 2018 financial year, Deutsche Wohnen confirms its forecast for FFO I of around 470 million euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Back-to-school and college spending is projected to exceed the $100 billion mark for the first time ever ever despite the coronavirus pandemic, according to an annual survey by the National Retail Federation or NRF. The survey released by NRF and Prosper Insights & Analytics projects total spending for K-12 and college combined to reach $101.6 billion in 2020, up from last year's $80.7 billion. U.S. laboratory equipment maker Thermo Fisher Scientific Inc. (TMO) and Netherlands-based Qiagen N.V. (QGEN) announced Thursday that they have entered into an amendment to their acquisition agreement under which Thermo Fisher has commenced a tender offer to acquire all of the ordinary shares of Qiagen. The... Morgan Stanley (MS) reported better-than-expected Q2 results, bolstered by strong trading revenues, amid the COVID-19 pandemic.
RELATED NEWS
Follow RTT