Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Deutsche Wohnen SE is a prominent German holding company specializing in the development and management of residential real estate properties across dynamic metropolitan regions, particularly in Berlin where it operates as one of the largest landlords with units in all twelve districts. The company functions through four key segments: Rental, which provides value-enhancing management for its residential portfolio; Value-add, focusing on core letting activities including multimedia services and energy supply; Recurring Sales, involving the sale of individual condominiums and single-family homes; and Development, dedicated to creating new housing projects. Founded in 1863 and headquartered in Berlin at Mecklenburgische Strasse 57, Deutsche Wohnen SE now operates as a subsidiary of Vonovia SE, which holds a significant majority stake following its 2021 acquisition. With approximately 739-749 employees and leadership including CEO Lars Urbansky, it plays a vital role in Germany's real estate sector by managing extensive portfolios, optimizing assets, and addressing housing needs in urban conurbations. Its operations contribute to the DAX index, underscoring its market significance in residential property services.
18.35% operating margin is respectable but not wide. ROIC at 1.00%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 1.6%, essentially flat. Margins also contracted 30.4pp. This is a business that needs a catalyst.
Net debt of €7.17B represents 9.0x FCF, leverage limits flexibility. Operating margin contracted 30.4pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
€1.20B
▲ +1.6% YoY
Net Income (TTM)
€1.18B
▲ +299.6% YoY
Op. Margin
18.35%
▼ -30.4pp YoY
ROIC
1.00%
▼ -1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€794M
▲ +9.4% YoY
Op. Cash Flow (TTM)
€1.31B
▲ +80.3% YoY
Net Debt
€7.17B
Cash & Equiv.
€442M
3Y CAGR: +11.4%
3Y CAGR: +29.6%
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