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Deutsche Wohnen AG / Key word(s): Quarter Results 14.05.2013 / 07:01 --------------------------------------------------------------------- - Increase in profit for the period of around 82% to EUR 26.2 million - Increase in FFO (without disposals) of 68% to EUR 30.9 million Frankfurt/Main and Berlin, 14 May 2013. Deutsche Wohnen has made a successful start to the financial year 2013 with a profit for the first quarter of EUR 26.2 million (previous year: EUR 14.4 million) and was able to improve its performance in all business segments. Earnings from Residential Property Management rose by 61% to EUR 70.9 million, earnings from Disposals by 45% to EUR 5.5 million and earnings from Nursing and Assisted Living by 19% to EUR 3.1 million. The FFO (without disposals) rose by around 68% to EUR 30.9 million (previous year: EUR 18.4 million). The reason for this increase is particularly the contribution made by acquisitions during 2012 and at the beginning of 2013. The Loan to Value Ratio was 54.7% (previous year: 57.2%) as at the reporting date. The intrinsic value, measured as EPRA NAV, grew in the first quarter to EUR 12.77 per share (31 December 2012: EUR 12.48 per share). Further expansion of residential property portfolio In line with its strategy of sustainable growth Deutsche Wohnen has made further acquisitions, and has notarised two residential property portfolios with a total of 7,800 residential units. With these acquisitions Deutsche Wohnen is continuing to strengthen its most important core region and, at the same time, is improving its FFO profile. These most recent acquisitions bring the residential property portfolio of the company to over 90,000 residential units, of which 54% are located in Greater Berlin. As Michael Zahn, CEO of Deutsche Wohnen AG, explains, 'We believe in Berlin. According to the population forecasts of the government of the Federal State of Berlin, an increase in population of 250,000 inhabitants is expected in Berlin by 2030. So the city remains a dynamic market for us with great potential.' Outlook remains positive The integration of the 33,000 units acquired in 2012 and at the beginning of 2013 continues to proceed according to plan. Against this background Deutsche Wohnen confirms its forecast - without further acquisitions - of an FFO (without disposals) of EUR 100 million for the financial year 2013. Additional positive contributions to FFO are expected from the 7,800 recently notarised residential units. The transfer of risks and rewards for these properties is planned for the middle of this year. Deutsche Wohnen Deutsche Wohnen is one of the largest publicly listed residential property companies in Germany with a business focus on managing and developing its residential property portfolio. As of 31 March 2013 the portfolio comprised around 83,200 units in total, of which 82,200 are residential units and 1,000 are commercial properties. The company is listed in the Deutsche Börse's MDAX and is also included in the leading indices EPRA/NAREIT and GPR 250. Contact: +49 (0)30 / 89786 - 551 End of Corporate News --------------------------------------------------------------------- 14.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt Germany Phone: +49 (0)30 89786-0 Fax: +49 (0)30 89786-507 E-mail: ir@deutsche-wohnen.com Internet: http://www.deutsche-wohnen.com ISIN: DE000A0HN5C6, DE0006283302 WKN: A0HN5C, 628330 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 210805 14.05.2013