8 Profit on Disposal of Real Estate Inventories

Revenue from the disposal of real estate inventories amounting to € 199.5 million (H1 2024: € 70.1 million) comprises € 39.9 million (H1 2024: € 47.4 million) in period-related revenue together with € 159.7 million (H1 2024: € 22.7 million) in time-related revenue from the disposal of real estate inventories. Again, the year-on-year increase is largely due to the sale of the portfolio in Berlin. Further information on the sale of the portfolio in Berlin (linked transaction) is available in [D23] Assets and Liabilities Held for Sale.

As of the reporting date, contract assets of € 32.6 million (December 31, 2024: € 88.1 million) are recognized within other assets in connection with revenue recognized over time. As of the reporting date, this amount includes advance payments received of € 86.6 million (December 31, 2024: € 64.9 million).