Key Figures
Key Figures
Financial Key Figures | H1 2023* | H1 2024 | Change in % | 12M 2023 | ||||
Adjusted EBITDA Total (continuing operations)* | 1,299.8 | 1,266.5 | -2.6 | 2,583.8 | ||||
Adjusted EBITDA Rental | 1,209.0 | 1,191.6 | -1.4 | 2,401.7 | ||||
Adjusted EBITDA Value-add | 44.1 | 56.8 | 28.8 | 105.5 | ||||
Adjusted EBITDA Recurring Sales | 37.0 | 22.2 | -40.0 | 63.4 | ||||
Adjusted EBITDA Development* | 9.7 | -4.1 | – | 13.2 | ||||
Adjusted EBITDA from discontinued operations | 24.2 | 25.1 | 3.7 | 53.9 | ||||
Adjusted EBT (continuing operations)* | 945.8 | 887.2 | -6.2 | 1,866.2 | ||||
Adjusted EBT (continuing operations) per share in €** | 1.19 | 1.09 | -8.3 | 2.31 | ||||
Adjusted EBT (continuing operations) after minorities | 882.5 | 804.3 | -8.9 | 1,730.2 | ||||
Adjusted EBT (continuing operations) after minorities | 1.11 | 0.99 | -10.9 | 2.12 | ||||
Income from fair value adjustments of | -6,382.2 | -1,432.0 | -77.6 | -10,651.2 | ||||
Earnings before tax (EBT)* | -5,869.8 | -588.3 | -90.0 | -9,185.2 | ||||
Profit for the period | -4,130.4 | -529.2 | -87.2 | -6,756.2 | ||||
Operating Free Cash-Flow | 764.5 | 800.3 | 4.7 | 1,414.8 | ||||
Cash flow from operating activities | 911.4 | 1,127.8 | 23.7 | 1,901.2 | ||||
Cash flow from investing activities | -346.2 | 114.4 | – | -825.9 | ||||
Cash flow from financing activities | -186.3 | -1,107.8 | >100 | -961.0 | ||||
Total sum of maintenance, modernization, | 706.4 | 673.8 | -4.6 | 1,527.0 | ||||
thereof for maintenance measures* | 313.6 | 332.3 | 6.0 | 722.5 | ||||
thereof for modernization & portfolio investments* | 254.3 | 243.2 | -4.4 | 513.3 | ||||
thereof for new construction* | 138.5 | 98.3 | -29.0 | 291.2 | ||||
Key Balance Sheet Figures/Financial Covenants | Dec. 31, 2023 | June 30, 2024 | Change in % | |||||
Fair value of the real estate portfolio | 83,927.7 | 82,464.7 | -1.7 | |||||
EPRA NTA | 38,140.9 | 36,603.7 | -4.0 | |||||
EPRA NTA per share in €*** | 46.82 | 44.48 | -5.0 | |||||
LTV (%) | 47.3 | 48.2 | 0.9 pp | |||||
Net debt/EBITDA | 15.6x | 16.1x | 0.5x | |||||
ICR | 4.0x | 3.6x | -0.4x | |||||
Non-financial Key Figures | H1 2023 | H1 2024 | Change in % | 12M 2023 | ||||
Number of units managed | 618,516 | 614,578 | -0.6 | 617,343 | ||||
thereof own apartments | 548,080 | 542,881 | -0.9 | 545,919 | ||||
thereof apartments owned by others | 70,436 | 71,697 | 1.8 | 71,424 | ||||
Number of units bought | 63 | – | -100.0 | 63 | ||||
Number of apartments sold | 1,282 | 3,869 | >100 | 3,838 | ||||
thereof Recurring Sales | 628 | 921 | 46.7 | 1,590 | ||||
thereof Non Core/other | 654 | 2,948 | >100 | 2,248 | ||||
Number of new apartments completed | 1,193 | 1,655 | 38.7 | 2,425 | ||||
thereof own apartments | 962 | 637 | -33.8 | 1,309 | ||||
thereof apartments for sale | 231 | 1,018 | >100 | 1,116 | ||||
Vacancy rate (in %) | 2.2 | 2.2 | – | 2.0 | ||||
Monthly in-place rent in €/m² | 7.58 | 7.86 | 3.7 | 7.74 | ||||
Organic rent increase (in %) | 3.5 | 3.8 | 0.3 pp | 3.8 | ||||
Carbon intensity achieved in Germany (in kg CO₂e/m²) | 32.6 | 31.5 | -3.4 | 31.7 | ||||
Number of employees (as of June 30/Dec. 31)* | 11,891 | 12,087 | 1.6 | 11,977 | ||||
- *Previous year’s values (2023) adjusted to current key figure and segment definition.
- **Based on the weighted average number of shares carrying dividend rights.
- ***Based on the shares carrying dividend rights on the reporting date.