Group Financials

From rental income to the equity capital ratio: Key financial figures provide a quick overview.

A. Income statement key figures 2023 2022 2021 2020
Rental income (net actual rent) in EUR m 350.8 339.9 333.1 322.5
EBITDA (adjusted) total rental business in EUR m 236.4 233.5 226.1 222.3
EBITDA (adjusted) from sales Poland in EUR m 82.8 80.8 13.2 12.6
Consolidated net profit in EUR m -410.9 117.3 585.6 402.6
FFO I per share in EUR 0.98 1.19 1.24 1.18
FFO I in EUR m 171.7 189.4 182.0 172.6
FFO II per share in EUR 1.46 1.56 1.29 1.51
FFO II in EUR m 255.6 247.3 188.8 221.9
B. Balance sheet key figures 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Total assets in EUR m 7,299.8 8,214.6 7,088.6 6,478.0
Equity in EUR m 2,964.5 3,307.7 3,129.5 2,681.5
LTV in % 47.0 46.7 43.2 45.1
C. Portfolio data 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Units Germany 84,682 86,914 87,576 88,313
Units Poland (completed rental apartments) 2,417 1,153 361 0
Sold units Poland 3,586 1,751 412 509
Handovers in Poland 3,812 3,510 575 719
GAV total (real estate assets) in EUR m 6,574.4 7,481.4 6,735.3 5,984.4
GAV Germany (real estate assets) in EUR m 5,442.9 6,328.8 6,387.4 5,834.3
GAV Poland (real estate assets) in EUR m 1,131.5 1,152.6 347.9 150.1
Vacancy in % Germany (total portfolio) 4.3 4.8 5.7 5.6
Vacancy in % Germany (residential units) 4.0 4.4 5.4 4.5
Vacancy in % Poland (total portfolio) 7.2 35.8 --- ---
Vacnacy in % Poland (residential units > 1 year in operations) 2.2 3.9 4.2 ---
l-f-l Rental growth in % Germany 1.8 1.5 1.5 1.4
l-f-l Rental growth in % Germany (inc. vacancy reduction) 2.3 2.7 1.3 1.5
l-f-f Rental growth in % in Poland 10.8 22.0 --- ---
D. EPRA key figures 12/31/2023 12/31/2022 12/31/2021 12/31/2020
EPRA Earnings per share in EUR 0.91 1.08 1.08 1.03
EPRA NTA per share in EUR 18.31 20.74 25.54 21.95
EPRA Net Initial Yields in % 4.5 4.2 4.1 4.5
EPRA Vacancy Rate in % 4.7 4.4 5.6 6.0
EPRA Cost Ratio (incl. vancancy costs) in % 32.6 30.5 31.9 31.5
EPRA Cost Ratio (excl. vancancy costs) in % 30.0 27.8 29.1 28.4
EPRA Loan to Value in % 48.6 47.6 43.5 ---
E. Employees 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Number of employees (Germany and Poland) 1,816 1,739 1,390 1,354