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28 May 2012

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Deutsche Wohnen back in black, eyes capital rise

Berlin-based listed housing group Deutsche Wohnen surged back into the black last year, posting consolidated profit of E23.8m after a E13.3m loss in 2009. FFO rose 30% to E0.56 per share and NAV by 5.4% to E11.78. It plans to accelerate acquisition of core residential assets, continue upscaling its business model and exploit market opportunities via a capital increase at some stage.

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