Group Financials
From rental income to the equity capital ratio: Key financial figures provide a quick overview.
| A. Income statement key figures | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Rental income (net actual rent) in EUR m | 350.8 | 339.9 | 333.1 | 322.5 |
| EBITDA (adjusted) total rental business in EUR m | 236.4 | 233.5 | 226.1 | 222.3 |
| EBITDA (adjusted) from sales Poland in EUR m | 82.8 | 80.8 | 13.2 | 12.6 |
| Consolidated net profit in EUR m | -410.9 | 117.3 | 585.6 | 402.6 |
| FFO I per share in EUR | 0.98 | 1.19 | 1.24 | 1.18 |
| FFO I in EUR m | 171.7 | 189.4 | 182.0 | 172.6 |
| FFO II per share in EUR | 1.46 | 1.56 | 1.29 | 1.51 |
| FFO II in EUR m | 255.6 | 247.3 | 188.8 | 221.9 |
| B. Balance sheet key figures | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 |
|---|---|---|---|---|
| Total assets in EUR m | 7,299.8 | 8,214.6 | 7,088.6 | 6,478.0 |
| Equity in EUR m | 2,964.5 | 3,307.7 | 3,129.5 | 2,681.5 |
| LTV in % | 47.0 | 46.7 | 43.2 | 45.1 |
| C. Portfolio data | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 |
|---|---|---|---|---|
| Units Germany | 84,682 | 86,914 | 87,576 | 88,313 |
| Units Poland (completed rental apartments) | 2,417 | 1,153 | 361 | 0 |
| Sold units Poland | 3,586 | 1,751 | 412 | 509 |
| Handovers in Poland | 3,812 | 3,510 | 575 | 719 |
| GAV total (real estate assets) in EUR m | 6,574.4 | 7,481.4 | 6,735.3 | 5,984.4 |
| GAV Germany (real estate assets) in EUR m | 5,442.9 | 6,328.8 | 6,387.4 | 5,834.3 |
| GAV Poland (real estate assets) in EUR m | 1,131.5 | 1,152.6 | 347.9 | 150.1 |
| Vacancy in % Germany (total portfolio) | 4.3 | 4.8 | 5.7 | 5.6 |
| Vacancy in % Germany (residential units) | 4.0 | 4.4 | 5.4 | 4.5 |
| Vacancy in % Poland (total portfolio) | 7.2 | 35.8 | --- | --- |
| Vacnacy in % Poland (residential units > 1 year in operations) | 2.2 | 3.9 | 4.2 | --- |
| l-f-l Rental growth in % Germany | 1.8 | 1.5 | 1.5 | 1.4 |
| l-f-l Rental growth in % Germany (inc. vacancy reduction) | 2.3 | 2.7 | 1.3 | 1.5 |
| l-f-f Rental growth in % in Poland | 10.8 | 22.0 | --- | --- |
| D. EPRA key figures | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 |
|---|---|---|---|---|
| EPRA Earnings per share in EUR | 0.91 | 1.08 | 1.08 | 1.03 |
| EPRA NTA per share in EUR | 18.31 | 20.74 | 25.54 | 21.95 |
| EPRA Net Initial Yields in % | 4.5 | 4.2 | 4.1 | 4.5 |
| EPRA Vacancy Rate in % | 4.7 | 4.4 | 5.6 | 6.0 |
| EPRA Cost Ratio (incl. vancancy costs) in % | 32.6 | 30.5 | 31.9 | 31.5 |
| EPRA Cost Ratio (excl. vancancy costs) in % | 30.0 | 27.8 | 29.1 | 28.4 |
| EPRA Loan to Value in % | 48.6 | 47.6 | 43.5 | --- |