10 Profit on the Disposal of Properties
Profit on Disposal of Real Estate Inventories
in € million | 2023 | 2024 | |||
Income from the disposal of properties | 369.1 | 376.4 | |||
Carrying amount of properties sold | -310.6 | -298.8 | |||
Profit from the disposal of investment properties | 58.5 | 77.6 | |||
Income from the sale of assets held for sale | 498.6 | 765.0 | |||
Retirement carrying amount of assets held for sale | -497.4 | -765.0 | |||
Change in value from properties sold | 18.4 | 42.8 | |||
Profit from the disposal of assets held for sale | 19.6 | 42.8 | |||
78.1 | 120.4 | ||||
The fair value adjustment of properties held for sale where sales efforts have progressed to the point that a sale within one year can be expected resulted in a gain of € 42.8 million as of December 31, 2024 (2023: € 18.4 million).