Quarterly Update Interim Results January to March 2026 Deutsche Wohnen: Solid Performance in the first three months of 2026
- Adj. EBT (continuing operations) of €151.7 million (€0.38 per share)
- NAV at €17,080.2 million (€43.03 per share)
- Vacancy rate remains at very low level
The Adjusted EBITDA was €190.9 million. The vacancy rate remained at a very low level of 1.6%.
Other relevant KPIs also developed in line with expectations. The Adjusted EBT from continuing operations was €151.7 million. On a per-share basis, the Adjusted EBT came to
€0.38. The NAV remained stable since year-end 2025 at €17,080.2 million or €43.03 per share. The LTV was at 28.4%. The carbon intensity was 32.2 kg CO2e/m².
The forecasts for the 2026 financial year remain unchanged.
Key numbersFinancial KPIs | 3M 2026 | 3M 2025 | Change | |
Adjusted EBITDA Total (continuing operations) | € million | 190.9 | 217.5 | -12.2% |
Adjusted EBT (continuing operations) | € million | 151.7 | 184.3 | -17.7% |
Adjusted EBT per share | € | 0.38 | 0.46 | -17.7% |
Balance Sheet | Mar. 31, 2026 | Dec. 31, 2025 | Change | |
LTV | % | 28.4 | 29.3 | -0.9pp |
NAV | € million | 17,080.2 | 16,918.5 | 1.0% |
NAV per share | € | 43.03 | 42.62 | 1.0% |
Non-financial KPIs | Mar. 31, 2026 | Dec. 31, 2025 | Change | |
Vacancy rate (residential) | % | 1.6 | 1.5 | 0.1pp |
CO2 intensity in Germany | kg CO2e/m2 | 32.2 | 32.2 | 0.0% |
About Deutsche Wohnen
Deutsche Wohnen is one of the leading publicly listed property companies in Europe and is part of the Vonovia Group. The business focus of the company is on managing its own portfolio of residential properties in dynamic metropolitan regions and conurbations in Germany. Deutsche Wohnen sees itself as having both a social responsibility and a duty to maintain and newly develop good-quality and affordable housing in vibrant residential neighbourhoods.
Important note
This publication is neither an offer to sell nor a solicitation to buy securities.
To the extent that this document contains forward-looking statements, these are not facts and are recognisable by such words as 'will', 'expect', 'believe', 'estimate', 'intend', 'endeavour', 'assume' and similar expressions. These statements express the intentions, opinions or current expectations and assumptions of Deutsche Wohnen and the individuals acting in concert with it. The forward-looking statements are based on current plans, estimates and forecasts that Deutsche Wohnen and the individuals acting in concert with it have made to the best of their knowledge, but do not make any claims as to their future accuracy. Forward-looking statements are subject to risks and uncertainties that are generally difficult to predict and are usually not within the control of Deutsche Wohnen or the individuals acting in concert with it. It should be remembered that the actual results or consequences may differ considerably from those mentioned or contained in the forward-looking statements.
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