Deutsche Wohnen (DWNI) Q1 2025 earnings summary

Executive summary

• Positive operating performance in Q1 2025 despite a challenging real estate environment.

• Portfolio comprised approximately 140,000 residential units as of March 31, 2025.

Financial highlights

• Adjusted EBT (continuing operations) rose 32.8% year-over-year to €187.6 million (€0.47 per share).

• Adjusted EBITDA Total increased 35.3% to €220.8 million compared to Q1 2024.

• Profit for the period more than doubled to €237.5 million from €99.3 million year-over-year.

• Operating Free Cash Flow grew 26.9% to €243.2 million year-over-year.

• NAV per share increased 1.5% since year-end 2024 to €42.39.

Outlook and guidance

• Forecasts for the 2025 financial year remain unchanged.