Deutsche Wohnen (DWNI) Q3 2026 TU earnings summary

Executive summary

• Solid operating performance in 9M 2026; residential vacancy remained low at 1.6%.

• NAV increased 3.2% from year-end 2025 to €17,458.8 million, or €43.98 per share.

Financial highlights

• Adjusted EBITDA from continuing operations was €548.9 million, down 2.7% YoY from €564.3 million.

• Adjusted EBT from continuing operations was €430.8 million, down 5.1% YoY; adjusted EBT per share was €1.09, also down 5.1%.

Outlook and guidance

• FY 2026 forecasts remain unchanged.