7 Profit on the Disposal of Properties
Profit on Disposal of Real Estate Inventories
in € million | Jan. 1 - Jun. 30, 2024 | Jan. 1 - Jun. 30, 2025 | |||
Income from the disposal of properties | 105.4 | 107.9 | |||
Carrying amount of properties sold | -82.0 | -74.1 | |||
Profit from the disposal of investment properties | 23.4 | 33.8 | |||
Income from the sale of assets held for sale | 411.2 | 959.4 | |||
Retirement carrying amount of assets held for sale | -411.2 | -1,012.7 | |||
Change in value from properties sold | 27.8 | 21.7 | |||
Profit from the disposal of assets held for sale | 27.8 | -31.6 | |||
51.2 | 2.2 | ||||
The increase in income from the sale of assets held for sale mainly results from the sale of the portfolio in Berlin, comprising around 4,500 residential units, in the first quarter of 2025. Further information on the sale of the portfolio in Berlin (linked transaction) is available in [D23] Assets and Liabilities Held for Sale.
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 € 21.7 million as of June 30, 2025 (H1 2024: € 27.8 million).