By Kim Richters
Vonovia SE said Friday that profit fell in the first nine months of the year, and it backed its outlook for 2022.
The German real-estate company said aftertax profit in the period fell to 2.21 billion euros ($2.15 billion) from EUR3.87 billion a year earlier.
However, adjusted earnings before interest, taxes, depreciation and amortization for the group rose to EUR2.11 billion from EUR1.54 billion.
Group funds from operations--a company key figure also called FFO--increased to EUR1.58 billion from EUR1.17 billion year-prior.
The company backed its guidance for 2022, saying it expects total segment revenue of EUR6.2 billion-EUR6.4 billion, adjusted Ebitda of EUR2.75 billion-EUR2.85 billion and group FFO of EUR2.0 billion-EUR2.1 billion.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
11-04-22 0239ET