Plus   Neg

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
Kader Exports pvt. Ltd. is recalling certain consignments of various frozen cooked shrimp citing potential contamination with Salmonella, according to the U.S. Food and Drug Administration. The affected frozen cooked, peeled and deveined shrimp products were sold in 1lb, 1.5lb., and 2lb. retail bags. They were distributed from late February 2020 to Mid-May 2020 across the nation. The former chief executive officer of Hertz Global Holdings, Mark Frissora, agreed to pay about $2.2 million to settle the U.S. Securities and Exchange Commission's claims that he played a key role in causing the now-bankrupt car-rental company to file inaccurate financial statements in 2013. Daimler AG, the maker of Mercedes-Benz cars, said Thursday that it has agreed to pay more than $2.2 billion to settle U.S. claims over emissions from its diesel vehicles.
Follow RTT