Deutsche Wohnen Releases Preliminary Financial Results for Q1 2024

Deutsche Wohnen SE, a key player in the European property market, revealed preliminary financial results for the first quarter of 2024 on April 30. During the initial three months, Deutsche Wohnen reported an adjusted Earnings Before Taxes (EBT) from continued operations of EUR 141.3 million, equivalent to EUR 0.36 per share. The Adjusted Net Asset Value (NAV) was recorded at EUR 17,010.4 million, or EUR 42.85 per share.

The company is set to disclose the finalized financial figures for this period on May 3, 2024. Deutsche Wohnen, part of the Vonovia Group, is recognized for its focused management of residential properties in key metropolitan regions across Germany. As of March 31, 2024, the firm's portfolio includes approximately 140,000 residential units.

This release follows the disclosure of the interim results from its majority shareholder, Vonovia SE, further emphasizing Deutsche Wohnen’s pivotal role within the group.