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Deutsche Wohnen SE (DWNG.DE)

DWNG.DE on Xetra

31.95EUR
20 Sep 2019
Change (% chg)

€-0.09 (-0.28%)
Prev Close
€32.04
Open
€32.22
Day's High
€32.45
Day's Low
€31.89
Volume
2,059,319
Avg. Vol
1,119,005
52-wk High
€44.83
52-wk Low
€28.59

Latest Key Developments (Source: Significant Developments)

German Financial Watchdog Fines Deutsche Wohnen
Wednesday, 18 Sep 2019 

Sept 18 (Reuters) - German financial watchdog Bafin :IMPOSED FINE ON DEUTSCHE WOHNEN SE <<>> OF 427,000 EUROS.GERMAN FINANCIAL WATCHDOG BAFIN SAYS DEUTSCHE WOHNEN SE HAD FAILED TO MAKE ITS HALF-YEARLY FINANCIAL REPORT FOR THE FINANCIAL YEAR OF 2018 IN FULL PUBLICLY AVAILABLE WITHIN THE PRESCRIBED PERIOD.  Full Article

Vonovia May See Rental Income Reduction For Berlin Portfolio On Rent Freeze -Statement
Monday, 26 Aug 2019 

Aug 26 (Reuters) - Vonovia ::DGAP-NEWS: VONOVIA SE: RESPONSE TO THE BERLIN GOVERNMENT'S PLANS FOR AN ABSOLUTE RENT CEILING IN BERLIN.IMPLEMENTING BERLIN RENT CEILING IS DE FACTO ABOLISHMENT OF RENT INDEX.RENT FREEZE IN GENERAL AND PLANNED RENT CEILING IN PARTICULAR WILL EXACERBATE PROBLEM OF INSUFFICIENT SUPPLY OF NEW HOUSING.RENT FREEZE WOULD MAKE PROBLEM WORSE FOR ANYONE LOOKING FOR A PLACE TO RENT IN BERLIN.2019 GUIDANCE REMAINS UNCHANGED AS CURRENT FINANCIAL YEAR IS EXPECTED TO NOT BE IMPACTED BY PLANNED BERLIN-SPECIFIC LEGISLATION.FOR 2020, AS A CONSEQUENCE OF POTENTIALLY HAVING TO REDUCE CURRENT RENTAL LEVELS, WE MAY SEE ONE-OFF RENTAL INCOME REDUCTION FOR BERLIN PORTFOLIO IN BERLIN OF APPROX EUR20M-EUR25M.VONOVIA- GOING FORWARD, EXPECT TO REDIRECT MODERNIZATION FUNDS THAT HAD ORIGINALLY BEEN EARMARKED FOR BERLIN TO OTHER REGIONS WITHIN OUR PORTFOLIO.THIS REPRESENTS APPROX. 10% OF OUR RENTAL INCOME IN BERLIN AND APPROX. 1% OF OUR TOTAL RENTAL INCOME.IMPACT MAY BE FURTHER MITIGATED BY BEING ABLE TO APPLY CERTAIN PREMIUMS FOR MODERNIZATIONS MADE IN PRIOR YEARS.REMAIN CONVINCED THAT RENT FREEZE LAW PLANNED BY BERLIN STATE GOVERNMENT IS UNCONSTITUTIONAL.VONOVIA- WITH REGARDS TO VALUATION OF BERLIN PORTFOLIO IT WON'T BE POSSIBLE TO ESTIMATE IMPACT, IF ANY, UNTIL THERE IS SUFFICIENT TRANSACTION EVIDENCE.  Full Article

Deutsche Wohnen Sells More Than 6,000 Residential Units
Monday, 19 Aug 2019 

Aug 19 (Reuters) - Deutsche Wohnen SE ::DGAP-NEWS: DEUTSCHE WOHNEN SE: DEUTSCHE WOHNEN SELLS MORE THAN 6,000 RESIDENTIAL UNITS.PURCHASE PRICE OF ABOUT EUR 615 MILLION.ANTICIPATED NET CASHFLOW OF ABOUT EUR 500 MILLION TO BE USED TO BUY OF JUST UNDER 3,000 UNITS IN WESTERN GERMANY.COMPLETION OF THIS ACQUISITION EXPECTED TO TAKE PLACE BY END OF 2019.  Full Article

Deutsche Wohnen Adjusts Conversion Price And Ratio For 2024 Bonds
Friday, 5 Jul 2019 

July 5 (Reuters) - DEUTSCHE WOHNEN SE ::DGAP-NEWS: DEUTSCHE WOHNEN SE: ADJUSTMENT OF THE CONVERSION PRICE AND CONVERSION RATIO FOR THE CONVERTIBLE BONDS OF DEUTSCHE WOHNEN SE IN THE AMOUNT OF EUR 800 MILLION DUE ON 26 JULY 2024 (ISIN DE000A2BPB84).ADJUSTED CONVERSION PRICE IS EUR 47.4859 (PREVIOUSLY: EUR 47.9555).ADJUSTED CONVERSION RATIO IS 2,105.88827 SHARES PER BOND (PREVIOUSLY: 2,085.26655 SHARES PER BOND).REFERENCE DIVIDEND IS ADJUSTED TO EUR 0.53 (PREVIOUSLY EUR 0.54).  Full Article

Deutsche Wohnen CFO Says Too Early To Tell Specific Impact Of Berlin Rent Level
Tuesday, 14 May 2019 

May 14 (Reuters) - Deutsche Wohnen SE ::CFO SAYS LEVEL OF RENTS IN BERLIN DOES NOT REFLECT MARKET DEVELOPMENTS, WOULD HAVE EXPECTED RENT INCREASE OF AROUND 10 PERCENT.CFO SAYS OUR FORECAST OF 3% RENT INCREASE FOR OVERALL PORTFOLIO IS CONSERVATIVE.CFO SAYS TOO EARLY TO TELL SPECIFIC IMPACT OF BERLIN RENT LEVEL.CFO SAYS CONFLICT OVER BERLIN RENTS HAS NO IMPACT ON OUR LONG-TERM STRATEGY TO FOCUS ON BIG CITIES.CFO SAYS WE DON'T HAVE PLANS AT THE MOMENT TO RAISE DIVIDEND OR TO START SHARE BUYBACK.CFO SAYSWE HAVE ENOUGH CASH FOR PLANNED INVESTMENTS.  Full Article

Deutsche Wohnen Sees 2019 FFO I Of 535 Mln Eur
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Deutsche Wohnen SE ::2018 RENTAL INCOME 785.5 MILLION EUR.2018 FFO I 479.4 MILLION EUR.2018 EBITDA 659.1 MILLION EUR.2018 TOTAL ASSETS 25.06 BILLION EUR.2018 EPRA NAV (UNDILUTED) 15.09 BILLION EUR.SEES 2019 FFO I OF 535 MILLION EUR, ADJUSTED EBITDA (EXCLUDING DISPOSALS) OF 685 MILLION EUR.OUTLOOK FOR GERMAN RESIDENTIAL PROPERTY MARKET REMAINS BRIGHT.SEES POSITIVE DEVELOPMENT OF PROPERTY PORTFOLIO IN 2019, INCREASE IN EPRA NAV.CASH DIVIDEND OF 0.87 EUR/SHARE PLANNED FOR FINANCIAL YEAR 2019.PROPOSES 2018 DIVIDEND OF 0.87 EUR/SHR.  Full Article

Deutsche Wohnen SE says Lars Urbansky Succeeds Lars Wittan as COO
Monday, 18 Mar 2019 

March 18 (Reuters) - Deutsche Wohnen SE ::DGAP-NEWS: DEUTSCHE WOHNEN SE: LARS URBANSKY JOINS MANAGEMENT BOARD OF DEUTSCHE WOHNEN SE.SUPERVISORY BOARD APPOINTS MANAGING DIRECTOR OF DEUTSCHE WOHNEN IMMOBILIEN MANAGEMENT GMBH TO GROUP MANAGEMENT BOARD.COO LARS WITTAN WILL LEAVE COMPANY IN SEPTEMBER 2019.SUPERVISORY BOARD OF DEUTSCHE WOHNEN SE HAS APPOINTED LARS URBANSKY (BORN 1976) AS A NEW MEMBER OF EXECUTIVE BOARD WITH EFFECT FROM 1 APRIL 2019.LARS URBANSKY SUCCEEDS LARS WITTAN, CHIEF OPERATING OFFICER, WHO WILL LEAVE COMPANY AT HIS OWN REQUEST BY 30 SEPTEMBER 2019.  Full Article

Deutsche Wohnen Acquires 3,000 Residential, Commercial Units
Monday, 18 Mar 2019 

March 18 (Reuters) - Deutsche Wohnen SE ::DGAP-NEWS: DEUTSCHE WOHNEN SE: DEUTSCHE WOHNEN STRENGTHENS ITS PROPERTY PORTFOLIO IN METROPOLITAN REGIONS IN WEST GERMANY BY ACQUIRING ALMOST 3,000 UNITS.ACQUISITION OF A PORTFOLIO WITH APPROXIMATELY 2,850 RESIDENTIAL AND 100 COMMERCIAL UNITS, STRUCTURED AS AN ASSET DEAL.RESIDENTIAL UNITS ARE LOCATED IN METROPOLITAN REGIONS OF RHINE-MAIN AREA (PRIMARILY FRANKFURT AM MAIN), COLOGNE AND DÜSSELDORF.PURCHASE PRICE OF APPROXIMATELY EUR 685 MILLION IMPLIES A MULTIPLE OF 29.1 ON A FULLY RENTED BASIS.INITIALLY, PORTFOLIO IS EXPECTED TO GENERATE AROUND EUR 22 MILLION IN ANNUAL NET COLD RENT.  Full Article

Deutsche Wohnen Raises FFO I Outlook After 9M Results
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Deutsche Wohnen SE ::9M FFO I 367.1 MILLION EUR.9M EBITDA 484.4 MILLION EUR.9M RENTAL INCOME 585 MILLION EUR.WE SLIGHTLY INCREASE FORECAST FOR FFO I TO RESULT BETWEEN 473 MILLION EUR AND 478 MILLION EUR.EXPECT A VALUATION UPLIFT OF PORTFOLIO UP TO 1.5 BILLION EUR IN H2 OF 2018 FINANCIAL YEAR.  Full Article

Deutsche wohnen 9M FFO I up 9 pct at 330 mln eur​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Deutsche Wohnen SE :Says ‍increase in 9m ffo i by 9% to eur 330 million or eur 0.94 per share​.Says ‍like-for-like rental growth of 4.2%​.Says ‍company was able to increase 9m profit by eur 43.4 million to eur 706.0 million (9m 2016: eur 662.6 million)​.Says ‍forecast for ffo i for financial year 2017 remains unchanged at eur 425 million at least.​.Says ‍loan-to-value ratio of deutsche wohnen group fell slightly to 37.0% (31 december 2016: 37.7%) and so remains within target corridor of 35% to 40%.​.Says ‍contracted rental income rose to eur 553.4 million (previous year: eur 526.1 million) in first none months of this year.​.  Full Article