logo
Plus   Neg
Share
Email

Deutsche Wohnen Expects Significant Revaluation Of Property Portfolio As Of 31 Dec. 2020

Deutsche Wohnen SE (DWHHF.PK) expects that the annual valuation of the residential property portfolio of the Group as of 31 December 2020 will lead to an uplift of around 6% of the values previously reported in the Group's balance sheet at the end of the year.

The positive revaluation is driven by the continuing high demand and price dynamics on the transaction market for residential properties in German metropolitan areas, the company said in a statement.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Best Buy said it is partnering Popsockets to bring products designed by teens from the company's community programs to its store shelves. The electronics retailer will sell the teen-designed PopGrips in its stores as part of its "Black History Month" campaign. The campaign is intended to celebrate and encourage young artists. Goldman Sachs Group Inc. (GS) on Tuesday reported a fourth-quarter profit that more than doubled from last year, reflecting a surge in investment banking revenues and lower provisions for bad loans. Net revenues for the quarter rose 18 percent. Both quarterly earnings per share and revenues topped analysts' expectations. U.S. holiday retail sales in 2020 were unexpectedly high compared to last year and came in significantly higher than the previous forecast, according to the National Retail Federation or NRF. Retail sales for the November-December 2020 holiday season grew 8.3 percent from the prior-year period to $789.4 billion. The figures exclude automobile dealers, gasoline stations and restaurants.
RELATED NEWS
Follow RTT