D
eutsche Wohnen, a German real estate firm, has turned the corner on its financial woes. The company's fiscal year 2024 results show a significant narrowing of net losses, with a €590.5 million loss attributable to shareholders compared to last year's €2.70 billion.

    A key driver of this improvement is revenue growth from property management, which reached €1.38 billion in the latest period, up from €1.31 billion previously. This increase has contributed to a 1.4% rise in total adjusted EBITDA from continuing operations to €643.8 million.

    While borrowing costs have increased sharply, Deutsche Wohnen expects its positive momentum to continue into 2025 and beyond. The company projects largely stable business development for the current year, with adjusted EBITDA significantly above last year's level. This is expected to be driven by rising rental growth and price expectations in the Development segment.

    Looking ahead, Deutsche Wohnen anticipates a slight increase in enterprise value and net asset value (NAV) per share in 2025. The company's confidence in its future prospects is reflected in its outlook for adjusted earnings before taxes (EBT), which are expected to be moderately higher than last year's level.