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Deutsche Wohnen:Minority shareholder buyout (DPLTA): Difference between revisions
Deutsche Wohnen:Minority shareholder buyout (DPLTA) (view source)
Revision as of 15:32, 20 September 2024
, 20 September 2024→Past DPLTA Real Estate Actions In Germany
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* The fair value of both companies was determined by discounting the future earnings. However, the discounted value was compared with the NAV at the end of 2023. The NAV for GSW exceeded the discounted value by 16.9%. "When making this comparison, it should, however, be noted that capital market returns and in particular the risk free rate have been decreased since end of 2013 indicating slightly higher discounted earnings valuations," the valuation expert noted. "In summary, this consideration does not give any indication that the discounted earnings values determined by us on the basis of the existing business plannings are not reasonable." | * The fair value of both companies was determined by discounting the future earnings. However, the discounted value was compared with the NAV at the end of 2023. The NAV for GSW exceeded the discounted value by 16.9%. "When making this comparison, it should, however, be noted that capital market returns and in particular the risk free rate have been decreased since end of 2013 indicating slightly higher discounted earnings valuations," the valuation expert noted. "In summary, this consideration does not give any indication that the discounted earnings values determined by us on the basis of the existing business plannings are not reasonable." | ||
[[File:EPRA NAV.png|left|thumb|564x564px]] | [[File:EPRA NAV.png|left|thumb|564x564px]] | ||