logo
  

Deutsche Wohnen Q1 Earnings Rise, FFO Up

Residential property company Deutsche Wohnen SE (DWHHF.PK) Wednesday reported that its earnings after taxes for the first quarter rose to 199.7 million euros from 125.4 million euros last year.

Earnings from residential property rose by 3.6 percent to 193 million euros, while earnings from Nursing and Assisted were down by 4.9 percent to 19.6 million euros.

FFO for the quarter grew to 154.8 million euros from 142.3 million euros, and FFO per share increased to 0.45 euro from 0.40 euro last year.

Adjusted EBITDA for the period rose more than 11 percent to 208.6 million euros from last year's 187.8 million euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The 737 MAX 10, Boeing Co.'s largest 737 Max model, is taking its maiden flight today, reports said citing people familiar with the matter. The flight after months of testing and certification will be around 10 a.m. local time from the Seattle area. The schedule could change depending on weather or other factors. Meanwhile, the jetliner is expected to enter commercial service in 2023. Medical devices supplier Smiths Medical, affiliated to Smiths Group plc, is recalling certain Jelco Hypodermic Needle-Pro Fixed Needle insulin syringes with skewed graduation markings, the U.S. Food and Drug Administration said. The recall was initiated after the company became aware of specific models and lots of Jelco insulin syringes that may exhibit skewed odd number line graduation markings. Saliva-based COVID-19 testing is rolled out as a pilot for public schools in New York City. The new two-month pilot program is being implemented in about 50 New York City public schools and utilizes Fluidigm Technology to offer RT-PCR COVID-19 testing. New York City public schools have instituted mandatory random weekly testing in all reopened school buildings to ensure safer in-person learning.
Follow RTT