7 Profit on the Disposal of Properties
Profit on the Disposal of Properties
in € million | Jan. 1–Jun. 30, 2023 | Jan. 1–Jun. 30, 2024 | |||
Income from the disposal of properties | 146.4 | 105.4 | |||
Carrying amount of properties sold | -113.4 | -82.0 | |||
Profit from the disposal of investment properties | 33.0 | 23.4 | |||
Income from the sale of assets held for sale | 91.7 | 411.2 | |||
Retirement carrying amount of assets held for sale | -90.7 | -411.2 | |||
Change in value from properties sold | 20.4 | 27.8 | |||
Profit from the disposal of assets held for sale | 21.4 | 27.8 | |||
54.4 | 51.2 | ||||
The fair value adjustment of residential properties held for sale, for which a purchase contract had been signed but transfer of title had not yet taken place, led to a gain of € 27.8 million as of June 30, 2024 (H1 2023: € 20.4 million).