Plus   Neg

Deutsche Wohnen H1 Profit Falls, FFO I/shr Nearly Flat

German real estate firm Deutsche Wohnen AG (DWHHF.PK) Thursday reported a profit of 216.7 million euros for the first half, considerably lower than last year's 603 million euros. Earnings before tax fell to 312.5 million euros from 791.6 million euros.

The Group's FFO I per share was 0.80 euros per share, nearly stable compared to the previous year's 0.81 euros per share

During the half year, earnings from residential property and management totaled 370.7 million, and earnings from nursing and Assisted Living were 42.5 million euros. The Group recorded a loss of 3.6 million euros from disposals.

Looking ahead, for the full year, the Group said it continues to expect FFO I per share at the level of the previous year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
NASA's Osiris-Rex robotic spacecraft briefly touched down on near-Earth asteroid Bennu's surface on Tuesday to collect rock and dust samples that will be brought back to Earth in 2023. Bennu is currently more than 200 million miles, or 321 million kilometres, from Earth. Osiris-Rex launched from Cape Canaveral Air Force Station in Florida in September 2016. Amazon said Wednesday that free one-hour grocery pickup is now available to prime members at all U.S. Whole Foods Market locations. Previously, the prime members could pick up Whole Foods orders only at select stores. J.C. Penney said it is near to exiting Chapter 11 ahead of the busy December 2020 holiday season. The beleaguered retailer filed a draft asset purchase agreement towards finalization of the acquisition by Brookfield Asset Management, Inc. and Simon Property Group, Inc. They are expected to buy substantially all of J.C. Penney's retail and operating assets in a combination of cash and debt.
Follow RTT