Deutsche Wohnen Revises Earnings Guidance for the Fiscal Year Ending December 31, 2015; Provides Earnings Guidance for the Year 2016
For the 2016 financial year, the company is forecasting a further increase in FFO I of some 20% against the past financial year to at least EUR 360 million. The basis for this forecast is the FFO contribution made by the previously announced additions to the portfolio, the successfully concluded refinancing measures as well as the positive development throughout the 2015 financial year, which the Management Board expects to continue in 2016. The forecast relates to the current portfolio stock as well as acquisitions that have already been announced; further potential acquisitions are not included in the forecast. The company expects the market development in its strategic core and growth regions to remain positive. Based on a forecast like-for-like rent increase of around 3% on average for the years ahead, and provided that conditions remain largely unchanged, the Management Board sees further potential for value adjustment within the portfolio. As of the end of the financial year 2016, the company anticipates an EPRA NAV of EUR 25 to EUR 26 per share.