DGAP-Ad-hoc: Deutsche Wohnen SE / Key word(s): Real Estate
Public Disclosure of Inside Information according to Article 17 para. 1 of the Regulation (EU) No 596/2014 on Market Abuse (Market Abuse Regulation - MAR)
Deutsche Wohnen SE: Expected significant revaluation of property portfolio as of 31 December 2020
Berlin, 12 November 2020. As of today, the Management Board of Deutsche Wohnen SE assumes, supported also by the findings of the work of the responsible appraiser now available, that the annual valuation of the residential property portfolio of the Group as of 31 December 2020 is expected to lead to an uplift of around 6% of the values previously reported in the Group's balance sheet at the end of the year.
The positive revaluation is driven by the continuing high demand and price dynamics on the transaction market for residential properties in German metropolitan areas.
This publication is neither an offer to sell nor a solicitation to buy securities.
To the extent that this document contains forward-looking statements, these are not facts and are recognisable by such words as 'will', 'expect', 'believe', 'estimate', 'intend', 'endeavour', 'assume' and similar expressions. These statements express the intentions, opinions or current expectations and assumptions of Deutsche Wohnen and the individuals acting in concert with it. The forward-looking statements are based on current plans, estimates and forecasts that Deutsche Wohnen and the individuals acting in concert with it have made to the best of their knowledge, but do not make any claims as to their future accuracy. Forward-looking statements are subject to risks and uncertainties that are generally difficult to predict and are usually not within the control of Deutsche Wohnen or the individuals acting in concert with it. It should be remembered that the actual results or consequences may differ considerably from those mentioned or contained in the forward-looking statements.
12-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Deutsche Wohnen SE|
|Mecklenburgische Straße 57|
|Phone:||+49 (0)30 89786-5413|
|Fax:||+49 (0)30 89786-5419|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1147855|
|End of Announcement||DGAP News Service|
1147855 12-Nov-2020 CET/CEST