Key Developments: Deutsche Wohnen AG (DWHHF.PK)
18.24USD
5 Jun 2013
$-0.58 (-3.08%)
$18.82
$18.24
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5,000
1,517
$20.11
$16.59
Latest Key Developments (Source: Significant Developments)
Deutsche Wohnen AG Comments on FY 2013 FFO Guidance
Deutsche Wohnen AG announced that it expects its fiscal year 2013 Funds from Operations (FFO) (without disposals) of EUR 100 million. Full Article
Deutsche Wohnen AG Places Capital Increase
Deutsche Wohnen AG announced that it has increased its share capital by 10%, from EUR 146,142,858.00 to EUR 160,757,143.00, through the partial exercise of its authorized capital, and under exclusion of shareholders' subscription rights. The 14,614,285 new no-par value ordinary bearer shares were placed with institutional investors in Germany and abroad at a price of EUR 13.35 per new share by way of an accelerated bookbuilding. The Company accrues gross proceeds amounting to approximately EUR 195.1 million from the capital increase. The new shares shall be admitted to trading on the regulated market (regulierter Markt) without a prospectus and are expected to be included in the existing quotation for the Company's shares in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) on the Frankfurt Stock Exchange within the next days. The new shares carry full dividend rights as of January 1, 2012. The Company agreed to a three months lock-up. Full Article
Deutsche Wohnen AG Raises FY 2012 Outlook
Deutsche Wohnen AG announced that after raising its forecast for the fiscal year 2012 in its half-year report, the Company has increased its forecast for recurring Funds from Operations (without disposals) for the fiscal year 2012 to EUR 65 million. Funds from Operations (including disposals) are forecast to be at least EUR 85 million for the fiscal year 2012. Full Article
Deutsche Wohnen AG Takes Over BauBeCon-Portfolio
Deutsche Wohnen AG announced that on August 17, 2012, it took over the BauBeCon-Portfolio acquired from Barclays Bank PLC in May 2012. The Company purchased the BauBeCon companies for approximately EUR 1.235 billion (Enterprise Value). A combination of approximately EUR 430 million in equity and approximately EUR 700 million in borrowed capital will be used to finance the purchase price. Full Article
Deutsche Wohnen AG Raises FY 2012 Guidance
Deutsche Wohnen AG announced that based on the positive development in the first half of fiscal year 2012, it is raising its guidance for the entire fiscal year 2012. In consideration of acquisitions and disposals, the recurring FFO (without disposals) will rise to a range of between EUR 60 million and EUR 65 million - an increase in comparison to the previous fiscal year of between EUR 12.5 million and EUR 17.5 million. Full Article
Deutsche Wohnen AG Completes Capital Increase
Deutsche Wohnen AG announced that it has completed its cash capital increase from authorized capital resolved on June 11, 2012. The take-up quota for the offered new shares was 99.05%. The new shares not subscribed for as part of the subscription offer have entirely been placed with institutional investors in a private placement involved in the capital increase at EUR 12.30 per share. Following the registration of the implementation of the capital increase with the commercial register, which is expected to take place on June 27, 2012, the Company's share capital will be increased from EUR 102,300,000 by EUR 43,842,858 to EUR 146,142,858 through the issue of 43,842,858 new no par value bearer shares, each with a notional value of the Company's share capital of EUR 1.00. The new shares will carry full dividend rights from the fiscal year beginning January 1, 2012. The new shares are expected to be included in the existing quotation for the Company's listed bearer shares on the Frankfurt Stock Exchange on June 28, 2012. The aggregate gross proceeds from the capital increase will amount to approximately EUR 461.1 million. Full Article
Deutsche Wohnen AG Announces Capital Increase
Deutsche Wohnen AG announced that it resolved on capital increase against cash contributions with shareholders' subscription rights. The Company's share capital shall be increased through the exercise of the new authorized capital in the amount of EUR 51,150,000 resolved by the general shareholders' meeting on June 6, 2012 and entered into the commercial register on June 8, 2012 by up to EUR 43,842,858 to up to EUR 146,142,858 against contribution in cash. For this purpose, up to 43,842,858 new no par value ordinary bearer shares shall be issued by the Company. The new shares carry full dividend rights as of January 1, 2012. The new shares will be offered to shareholders for indirect subscription at a ratio of 7:3. The subscription period is expected to begin on June 12, 2012 and end on June 25, 2012. Any new share not subscribed for by the end of the subscription period will be offered by way of a private placement. The subscription price per new share is expected to be set at the latest after the close of trading on June 19, 2012, taking into account the volume-weighted average price for the bearer shares of Deutsche Wohnen AG on the electronic trading system XETRA on the Frankfurt Stock Exchange from the beginning of the subscription period on June 12, 2012, until at the latest the close of trading on June 19, 2012, less a discount to be determined by the Management Board of the Company with the approval of the Supervisory Board. Full Article
Deutsche Wohnen AG and Barclays Bank PLC to Acquire Companies of BauBeCon Group
Deutsche Wohnen AG announced that have entered into an agreement with Barclays Bank PLC regarding the acquisition of companies of the BauBeCon Group. The BauBeCon Group companies to be acquired comprise approximately 23,500 residential units. The geographic focus of the portfolio lies on metropolitan areas with a share of approx. 82 % (in excess of 19,000 residential units); the share of units situated in the urban area of Hanover/Braunschweig/Magdeburg accounts for approximately 40 % and approximately 30% for the greater Berlin area, respectively. Deutsche Wohnen AG will finance the acquisition through a combination of equity and debt, whereby an LTV ratio of less than 60 % shall be maintained in the mid-term post completion of the acquisition. As of March 2012, the total annualized net rent contracted of the BauBeCon Group. Full Article
Deutsche Wohnen AG to Propose FY 2011 Dividend; Issues FY 2012 FFO Guidance
Deutsche Wohnen AG announced that the Management Board and Supervisory Board will be proposing at the Annual General Meeting the payment of a dividend of EUR 0.23 per share for the fiscal year 2011. Furthermore, the Company announced that in the fiscal year 2012 it is aiming to achieve an FFO (without disposals) of EUR 55 million. Full Article
Deutsche Wohnen AG Gives Further Details on Completed Capital Increase
Deutsche Wohnen AG announced that it completed its capital increase from authorized capital on November 28, 2011. The new shares which were not obtained within the scope of the capital increase were placed to the institutional investors at the subscription price of EUR 9.45 per share. After the registration of the capital increase, which is expected on November 30, 2011, the share capital of the Company will be increased from EUR 81,840,000 by EUR 20,460,000 to EUR 102,300,000. The new shares will be listed on the Frankfurt Stock Exchange as of December 1, 2011. Full Article
UPDATE 1-Deutsche Wohnen buys Berlin flats for 400 mln euros
FRANKFURT, April 26 - German real estate company Deutsche Wohnen AG has agreed to buy two property portfolios comprising a total of 7,800 flats in Berlin in a deal worth about 400 million euros ($521 million).
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