Reconciliation of Profit for the Period/FFO

In the 2018 reporting period, the profit for the period amounted to € 129.2 million and was thus on the same level as in the previous year.

Reconciliation of Profit for the Period/FFO

in € million

 

3M 2017

 

3M 2018

 

Change in %

 

12M 2017

 

 

 

 

 

 

 

 

 

*

Excluding income from investments

**

Incl. financial income from investments in other real estate companies

***

Based on the shares carrying dividend rights on the reporting date Mar. 31, 2017: 468,796,936, Mar. 31, 2018: 485,100,826 and Dec. 31, 2017: 485,100,826

Profit for the period

 

130.7

 

129.2

 

-1.1

 

2,566.9

Financial result*

 

83.0

 

83.0

 

 

326.3

Income taxes

 

83.0

 

78.2

 

-5.8

 

1,440.5

Depreciation and amortization

 

7.1

 

9.0

 

26.8

 

372.2

Net income from fair value adjustments of investment properties

 

 

 

 

-3,434.1

= EBITDA IFRS

 

303.8

 

299.4

 

-1.4

 

1,271.8

Non-recurring items

 

13.9

 

27.9

 

100.7

 

86.9

Total period adjustments from assets held for sale

 

1.5

 

4.1

 

173.3

 

-10.7

Financial income from investments in other real estate companies

 

 

 

 

-13.0

= Adjusted EBITDA

 

319.2

 

331.4

 

3.8

 

1,335.0

Adjusted EBITDA Sales

 

-19.1

 

-15.7

 

-17.8

 

-110.8

= Adjusted EBITDA operations

 

300.1

 

315.7

 

5.2

 

1,224.2

Interest expense FFO**

 

-76.8

 

-67.7

 

-11.8

 

-287.5

Current income taxes FFO 1

 

-5.1

 

-4.4

 

-13.7

 

-15.9

= FFO 1

 

218.2

 

243.6

 

11.6

 

920.8

Capitalized maintenance

 

-13.6

 

-21.6

 

58.8

 

-85.7

= AFFO

 

204.6

 

222.0

 

8.5

 

835.1

Current income taxes Sales

 

-11.0

 

-7.4

 

-32.7

 

-19.2

FFO 2 (FFO 1 incl. adjusted EBITDA Sales/current income taxes Sales)

 

226.3

 

251.9

 

11.3

 

1,012.4

 

 

 

 

 

 

 

 

 

FFO 1 per share in €***

 

0.47

 

0.50

 

7.9

 

1.90

AFFO per share in €***

 

0.44

 

0.46

 

4.9

 

1.72