BERLIN (dpa-AFX) - German property company Deutsche Wohnen SE (DWHHF.PK) Tuesday said its FFO I for the nine-month period declined 2.1% to 413.3 million euros or 0.92 euros per share from 422.2 million euros or 1.22 euros per share in the previous year.
The reported earnings before interest, taxes, depreciation, and amortisation, or EBITDA , excluding one-time items, of 509.5 million euros in the first nine-month period, lower than 575.3 million euros last year.
Net profit, however, increased to 913.8 million euros from 840.6 million euros a year ago.
The company said its adjusted NAV grew by 5.5% since year-end 2021 to 22,778.7 million euros or 57.39 euros per share, driven primarily by gain from the fair value measurement of investment properties in the first half of 2022.
Further, Deutsche Wohnen reiterated its full-year outlook on the back of strong 9-month results. The company said key metrics are in line with its expectations.
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