Business
Final Results for the year ended 31 December 2021
Final Results for the year ended 31 December 2021.
About this update from Phoenix Spree Deutschland Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 4815G\n Phoenix Spree Deutschland Limited\n 30 March 2022\n \n \n \n \n Phoenix Spree Deutschland Limited \n(the \"Company\" or \"PSD\")\n \n Financial results for the year ended 31 December 2021\n \n Strong performance with continued NAV growth and positive long-term trends\n \n Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in Berlin residential real estate, announces its full year audited results for the financial year ended 31 December 2021. \n \n Financial Highlights\n \n \n \n \n \n \n \n \n \n \n Year to 31 December 2021\n \n \n \n Year to 31 December 2020 \n \n \n 2021 v 2020\n \n % change \n \n \n \n \n Income Statement\n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross rental income (€m)\n \n \n 25.8\n \n \n 23.9\n \n \n 7.9\n \n \n \n \n Profit before tax (€m)\n \n \n 45.3\n \n \n 37.9\n \n \n 19.4\n \n \n \n \n Dividend (€cents (£ pence))\n \n \n 7.50 (6.27)\n \n \n 7.50 (6.59)\n \n \n -\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Balance Sheet\n \n \n \n \n \n \n \n \n \n \n \n \n \n Portfolio valuation (€m)\n \n \n 801.5\n \n \n 768.3\n \n \n 4.3\n \n \n \n \n Like-for-like valuation growth (%)\n \n \n 6.3\n \n \n 6.3\n \n \n -\n \n \n \n \n IFRS NAV per share (€) \n \n \n 4.74\n \n \n 4.48\n \n \n 5.8\n \n \n \n \n IFRS NAV per share (£)1\n \n \n 3.98\n \n \n 4.04\n \n \n (1.5)\n \n \n \n \n \n EPRA NTA per share (€cents)2\n \n \n \n \n 5.65\n \n \n \n \n 5.28\n \n \n \n 7.0\n \n \n \n \n \n EPRA NTA per share (£ pence)1,2 \n \n \n \n \n 4.74\n \n \n \n \n 4.76\n \n \n \n (0.4)\n \n \n \n \n EPRA NTA2 per share total return (ˆ%)\n \n \n 8.4\n \n \n 8.8\n \n \n -\n \n \n \n \n Net LTV3 (%)\n \n \n 34.7\n \n \n 33.1\n \n \n -\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operational Statistics\n \n \n \n \n \n \n \n \n \n \n \n \n \n Portfolio valuation per sqm (€)\n \n \n 4,225\n \n \n 3,977\n \n \n 6.2\n \n \n \n \n Annual like-for-like rent per sqm growth (%)\n \n \n 3.9\n \n \n (15.8)\n \n \n -\n \n \n \n \n EPRA vacancy (%)\n \n \n 3.1\n \n \n 2.1\n \n \n -\n \n \n \n \n Condominium sales notarised (€m)\n \...