Key Figures
Key Figures
Financial Key Figures in € million | 9M 2023* | 9M 2024 | Change in % | 12M 2023 | ||||
Adjusted EBITDA Total (continuing operations)* | 1,958.4 | 1,986.7 | 1.4 | 2,583.8 | ||||
Adjusted EBITDA Rental | 1,818.6 | 1,801.9 | -0.9 | 2,401.7 | ||||
Adjusted EBITDA Value-add | 73.3 | 145.9 | 99.0 | 105.5 | ||||
Adjusted EBITDA Recurring Sales | 51.6 | 38.9 | -24.6 | 63.4 | ||||
Adjusted EBITDA Development* | 14.9 | 0.0 | -100.0 | 13.2 | ||||
Adjusted EBITDA from discontinued operations | 38.5 | 37.6 | -2.3 | 53.9 | ||||
Adjusted EBT (continuing operations)* | 1,420.2 | 1,363.9 | -4.0 | 1,866.2 | ||||
Adjusted EBT (continuing operations) | 1.77 | 1.67 | -5.7 | 2.31 | ||||
Adjusted EBT (continuing operations) | 1,325.4 | 1,242.5 | -6.3 | 1,730.2 | ||||
Adjusted EBT (continuing operations) | 1.65 | 1.52 | -7.9 | 2.12 | ||||
Income from fair value adjustments of | -6,318.2 | -1,426.3 | -77.4 | -10,651.2 | ||||
Earnings before tax (EBT)* | -5,351.1 | -502.0 | -90.6 | -9,185.2 | ||||
Profit for the period | -3,808.9 | -592.1 | -84.5 | -6,756.2 | ||||
Operating Free Cash-Flow | 995.7 | 1,379.7 | 38.6 | 1,414.8 | ||||
Cash flow from operating activities | 1,282.7 | 1,645.5 | 28.3 | 1,901.2 | ||||
Cash flow from investing activities | -584.1 | 232.8 | – | -825.9 | ||||
Cash flow from financing activities | -1,044.2 | -1,134.2 | 8.6 | -961.0 | ||||
Total sum of maintenance, modernization, | 1,095.4 | 1,051.3 | -4.0 | 1,527.0 | ||||
thereof for maintenance measures* | 495.1 | 523.8 | 5.8 | 722.5 | ||||
thereof for modernization & portfolio investments* | 378.4 | 410.2 | 8.4 | 513.3 | ||||
thereof for new construction* | 221.9 | 117.3 | -47.1 | 291.2 | ||||
Key Balance Sheet Figures/Financial Covenants | Dec. 31, 2023 | Sep. 30, 2024 | Change in % | |||||
Fair value of the real estate portfolio | 83,927.7 | 82,636.5 | -1.5 | |||||
EPRA NTA | 38,140.9 | 36,746.3 | -3.7 | |||||
EPRA NTA per share in €*** | 46.82 | 44.66 | -4.6 | |||||
LTV (%) | 47.3 | 47.9 | 0.6 pp | |||||
Adjusted Net debt/Adjusted EBITDA total | 15.6x | 15.7x | 0.1x | |||||
ICR | 4.0x | 3.7x | -0.3x | |||||
Non-financial Key Figures | 9M 2023 | 9M 2024 | Change in % | 12M 2023 | ||||
Number of units managed | 618,679 | 614,977 | -0.6 | 617,343 | ||||
thereof own apartments | 547,998 | 541,619 | -1.2 | 545,919 | ||||
thereof apartments owned by others | 70,681 | 73,358 | 3.8 | 71,424 | ||||
Number of units bought | 63 | – | -100.0 | 63 | ||||
Number of apartments sold | 1,713 | 5,429 | >100 | 3,838 | ||||
thereof Recurring Sales | 958 | 1,516 | 58.2 | 1,590 | ||||
thereof Non Core/other | 755 | 3,913 | >100 | 2,248 | ||||
Number of new apartments completed | 1,799 | 2,409 | 33.9 | 2,425 | ||||
thereof own apartments | 1,292 | 875 | -32.3 | 1,309 | ||||
thereof apartments for sale | 507 | 1,534 | >100 | 1,116 | ||||
Vacancy rate (in %) | 2.1 | 2.1 | – | 2.0 | ||||
Monthly in-place rent in €/m² | 7.67 | 7.94 | 3.5 | 7.74 | ||||
Organic rent increase (in %) | 3.8 | 3.8 | – | 3.8 | ||||
Carbon intensity achieved in Germany (in kg CO₂e/m²) | 32.3 | 31.1 | -3.7 | 31.7 | ||||
Number of employees* | 11,937 | 12,010 | 0.6 | 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.