Pursuits
Deutsche Wohnen Profit Increases 65% on Apartment Purchases
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Deutsche Wohnen AG, Germany’s second-largest residential landlord by market value, said nine-month profit rose 65 percent after the company earned more rent from newly acquired properties.
Funds from operations excluding divestments, a measure of a property company’s ability to generate cash, climbed to 86.3 million euros ($116 million) from 52.4 million euros a year earlier, Deutsche Wohnen said in a statement today. The Berlin-based company repeated an FFO forecast of 110 million euros for this year.