Key Figures

Key Figures

Financial Key Figures* in € million

3M 2022

3M 2023

Change in %

12M 2022

Total Segment Revenue

1,629.0

1,430.7

-12.2

6,256.9

Adjusted EBITDA Total

728.7

657.1

-9.8

2,763.1

Adjusted EBITDA Rental

551.2

579.7

5.2

2,233.5

Adjusted EBITDA Value-add

50.3

26.4

-47.5

126.7

Adjusted EBITDA Recurring Sales

44.0

21.8

-50.5

135.1

Adjusted EBITDA Development

60.9

11.7

-80.8

183.2

Adjusted EBITDA Care

22.3

17.5

-21.5

84.6

Group FFO

563.1

462.6

-17.8

2,035.6

thereof attributable to non-controlling interests

18.6

18.8

1.1

91.3

Group FFO after non-controlling interests

544.5

443.8

-18.5

1,944.3

Group FFO per share in €**

0.73

0.58

-20.5

2.56

Income from fair value adjustments of investment properties

404.8

-3,612.2

-1,269.8

EBT

109.6

-3,184.0

-732.7

Profit for the period

58.3

-2,088.1

-669.4

Cash flow from operating activities

513.8

516.4

0.5

2,084.3

Cash flow from investing activities

1,716.6

-61.1

938.2

Cash flow from financing activities

-138.7

-460.3

>100

-3,145.1

Total cost of maintenance, modernization and new construction

510.2

341.0

-33.2

2,300.7

thereof for maintenance expenses and capitalized maintenance

172.5

166.3

-3.6

856.2

thereof for modernization

188.5

124.5

-34.0

837.4

thereof for new construction

149.2

50.2

-66.4

607.1

Key Balance Sheet Figures/Financial Covenants
in € million

Dec. 31, 2022

Mar. 31, 2023

Change in %

Fair value of the real estate portfolio

94,694.5

91,241.3

-3.6

EPRA NTA

45,744.5

42,779.3

-6.5

EPRA NTA per share in €**

57.48

53.75

-6.5

LTV (%)

45.1%

46.6%

1.5 pp

Net Debt/EBITDA

15.8x

16.1x

0.3x

ICR bond covenants

5.5x

4.9x

-0.6x

Non-financial Key Figures*

3M 2022

3M 2023

Change in %

12M 2022

Number of units managed

622,930

618,951

-0.6

621,303

thereof own apartments

550,496

548,368

-0.4

548,524

thereof apartments owned by others

72,434

70,583

-2.6

72,779

Number of units bought

889

63

-92.9

969

Number of apartments sold

16,414

663

-96.0

19,760

thereof Recurring Sales

700

282

-59.7

2,710

thereof Non Core/other

15,714

381

-97.6

17,050

Number of new apartments completed

777

779

0.3

3,749

thereof own apartments

266

675

>100

2,071

thereof apartments for sale

511

104

-79.6

1,678

Vacancy rate (in %)

2.4

2.2

-0.2 pp

2.0

Monthly in-place rent in €/m²

7.40

7.54

1.9

7.49

Organic rent increase (in %)

3.9

3.4

-0.5 pp

3.3

Number of employees (as of March 31/December 31)

15,900

15,924

0.2

15,915

  1. *Previous year's figures 2022 comparable according to current key figure definition/segmentation 2023.
  2. **Based on the shares carrying dividend rights on the reporting date.