Key Figures
Key Figures
Financial Key Figures* in € million | H1 2022 | H1 2023 | Change in % | 12M 2022 | ||||
Total Segment Revenue | 3,102.0 | 2,925.7 | -5.7 | 6,256.9 | ||||
Adjusted EBITDA Total | 1,405.8 | 1,338.3 | -4.8 | 2,763.1 | ||||
Adjusted EBITDA Rental | 1,111.7 | 1,198.2 | 7.8 | 2,233.5 | ||||
Adjusted EBITDA Value-add | 83.9 | 44.1 | -47.4 | 126.7 | ||||
Adjusted EBITDA Recurring Sales | 82.3 | 37.0 | -55.0 | 135.1 | ||||
Adjusted EBITDA Development | 84.9 | 23.8 | -72.0 | 183.2 | ||||
Adjusted EBITDA Care | 43.0 | 35.2 | -18.1 | 84.6 | ||||
Group FFO | 1,066.6 | 964.8 | -9.5 | 2,035.6 | ||||
thereof attributable to non-controlling interests | 41.0 | 45.2 | 10.2 | 91.3 | ||||
Group FFO after non-controlling interests | 1,025.6 | 919.6 | -10.3 | 1,944.3 | ||||
Group FFO per share in €** | 1.34 | 1.18 | -11.9 | 2.56 | ||||
Income from fair value adjustments of investment properties | 3,115.9 | -6,382.9 | – | -1,269.8 | ||||
EBT | 2,887.2 | -5,868.7 | – | -732.7 | ||||
Profit for the period | 1,870.4 | -4,130.4 | – | -669.4 | ||||
Cash flow from operating activities | 1,039.6 | 911.4 | -12.3 | 2,084.3 | ||||
Cash flow from investing activities | 1,399.9 | -346.2 | – | 938.2 | ||||
Cash flow from financing activities | -2,298.6 | -186.3 | -91.9 | -3,145.1 | ||||
Total cost of maintenance, modernization and new construction | 1,119.9 | 670.4 | -40.1 | 2,300.7 | ||||
thereof for maintenance expenses and capitalized maintenance | 377.2 | 313.1 | -17.0 | 856.2 | ||||
thereof for modernization | 402.0 | 243.3 | -39.5 | 837.4 | ||||
thereof for new construction | 340.7 | 114.0 | -66.5 | 607.1 | ||||
Key Balance Sheet Figures/Financial Covenants | Dec. 31, 2022 | June 30, 2023 | Change in % | |||||
Fair value of the real estate portfolio | 94,694.5 | 88,242.8 | -6.8 | |||||
EPRA NTA | 45,744.5 | 40,460.1 | -11.6 | |||||
EPRA NTA per share in €** | 57.48 | 49.67 | -13.6 | |||||
LTV (%) | 45.1% | 47.2% | 2.1 pp | |||||
Net Debt/EBITDA | 15.8x | 16.0x | 0.2x | |||||
ICR bond covenants | 5.5x | 4.7x | -0.8x | |||||
Non-financial Key Figures* | H1 2022 | H1 2023 | Change in % | 12M 2022 | ||||
Number of units managed | 621,846 | 618,516 | -0.5 | 621,303 | ||||
thereof own apartments | 549,484 | 548,080 | -0.3 | 548,524 | ||||
thereof apartments owned by others | 72,362 | 70,436 | -2.7 | 72,779 | ||||
Number of units bought | 893 | 63 | -92.9 | 969 | ||||
Number of apartments sold | 17,748 | 1,282 | -92.8 | 19,760 | ||||
thereof Recurring Sales | 1,349 | 628 | -53.4 | 2,710 | ||||
thereof Non Core/other | 16,399 | 654 | -96.0 | 17,050 | ||||
Number of new apartments completed | 1,103 | 1,193 | 8.2 | 3,749 | ||||
thereof own apartments | 511 | 962 | 88.3 | 2,071 | ||||
thereof apartments for sale | 592 | 231 | -61.0 | 1,678 | ||||
Vacancy rate (in %) | 2.2 | 2.2 | – | 2.0 | ||||
Monthly in-place rent in €/m² | 7.44 | 7.58 | 1.9 | 7.49 | ||||
Organic rent increase (in %) | 3.4 | 3.5 | 0.1 pp | 3.3 | ||||
Number of employees (as of June 30/Dec. 31) | 15,845 | 15,764 | -0.5 | 15,915 | ||||
- *Previous year’s figures for 2022 comparable according to current key figure definition/segmentation for 2023.
- **Based on the shares carrying dividend rights on the reporting date.