Consolidated Financial Statements

The Group’s net assets, financial position and results of operations remain very positive. Total assets rose by € 43.9 billion to € 106.3 billion, mainly due to acquisitions. Earnings per share declined to € 4.22; the earnings contribution made by the Deutsche Wohnen Group in the fourth quarter of 2021 is included in this figure. Real estate assets increased by 58.9% in the 2021 fiscal year to € 97.8 billion. Cash and cash equivalents amounted to around € 1.4 billion at the end of the year.