logo
Plus   Neg
Share
Email

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
The U.S. Food and Drug Administration (FDA) has gone ahead with the approval of antiviral drug remdesivir as first treatment for COVID-19, notwithstanding last week's findings by the World Health Organization (WHO) that the drug is not effective for COVID-19 treatment. Thursday, Gilead Sciences announced that the FDA approved remdesivir, sold under the brand name Veklury. Integrated payments firm American Express Co. (AXP) reported Friday that net income for the third quarter declined to $1.1 billion or $1.30 per share from $1.8 billion or $2.08 per share in the prior-year quarter. Consolidated total revenues, net of interest expense, also decreased 20 percent to $8.8... The Federal Trade Commission or FTC has launched a new fraud reporting platform, using which, consumers can easily report fraud and all other consumer issues directly to the regulator. In a statement, the FTC said its new website, ReportFraud.ftc.gov, will provide a streamlined and user-friendly way to submit reports about scams, frauds, and bad business practices.
RELATED NEWS
Follow RTT