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Deutsche Wohnen (DE:DWNI)
XETRA:DWNI

Deutsche Wohnen (DWNI) AI Stock Analysis

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DE:DWNI

Deutsche Wohnen

(XETRA:DWNI)

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Neutral 59 (OpenAI - 5.2)
Rating:59Neutral
Price Target:
€19.50
▼(-14.10% Downside)
Action:ReiteratedDate:03/27/26
The score is primarily held back by weak technicals (below key moving averages with negative MACD) and inconsistent underlying fundamentals, including volatile profitability and weaker cash conversion in 2025. These are partially offset by an attractive valuation profile (low P/E and very high dividend yield) and a balance sheet that appears moderately leveraged for the sector.
Positive Factors
Large residential portfolio and recurring rental income
Deutsche Wohnen's core business is owning and managing a large residential rental portfolio concentrated in major German metros. That scale and focus create durable, recurring rental cash flows and operating leverage, supporting steady income generation and efficient property management over time.
Negative Factors
Earnings volatility driven by valuation items
Net income swings driven by fair-value adjustments and non-recurring items reduce the reliability of reported profits as a measure of operating performance. Persistent dependence on valuation gains limits earnings predictability, complicates long-term planning and investor assessment of true cash-generating ability.
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Positive Factors
Negative Factors
Large residential portfolio and recurring rental income
Deutsche Wohnen's core business is owning and managing a large residential rental portfolio concentrated in major German metros. That scale and focus create durable, recurring rental cash flows and operating leverage, supporting steady income generation and efficient property management over time.
Read all positive factors

Deutsche Wohnen (DWNI) vs. iShares MSCI Germany ETF (EWG)

Deutsche Wohnen Business Overview & Revenue Model

Company Description
Deutsche Wohnen (DWNI) is one of the largest publicly listed residential property companies in Germany, focusing primarily on the acquisition, development, and management of residential real estate. The company operates primarily in urban areas, p...
How the Company Makes Money
Deutsche Wohnen’s earnings have historically been driven mainly by (1) recurring rental income from its residential portfolio and (2) value-related results from property revaluation and transactions, as reflected under fair-value accounting common...

Deutsche Wohnen Financial Statement Overview

Summary
Revenue has improved steadily into 2025, and the balance sheet shows moderate leverage (debt-to-equity ~0.57) supported by a large equity base. However, profitability and margins have been highly volatile (large losses in 2022–2024 followed by an unusually strong 2025), and 2025 free cash flow declined materially despite strong reported earnings—raising concerns about earnings quality and consistency.
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
58
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.28B1.35B1.18B1.06B866.30M1.13B
Gross Profit580.55M7.50M313.10M381.10M261.40M596.30M
EBITDA-121.10M847.90M-352.90M-2.94B-344.10M2.14B
Net Income-708.90M1.15B-590.50M-2.70B-434.10M877.20M
Balance Sheet
Total Assets26.17B26.36B26.36B27.19B31.53B33.23B
Cash, Cash Equivalents and Short-Term Investments466.70M442.20M386.60M157.10M184.30M676.70M
Total Debt86.40M8.06B8.36B8.55B9.07B4.20B
Total Liabilities12.83B11.77B12.95B13.19B14.76B16.03B
Stockholders Equity12.97B14.16B13.03B13.61B16.30B16.73B
Cash Flow
Free Cash Flow979.80M580.00M725.50M384.80M-640.20M-1.08B
Operating Cash Flow807.40M659.00M725.50M384.80M364.90M465.20M
Investing Cash Flow-832.00M-316.90M-121.90M291.30M5.20M-698.20M
Financing Cash Flow-404.80M-332.00M-417.10M-658.90M-862.50M326.40M

Deutsche Wohnen Technical Analysis

Technical Analysis Sentiment
Negative
Last Price22.70
Price Trends
50DMA
21.25
Negative
100DMA
21.12
Negative
200DMA
21.80
Negative
Market Momentum
MACD
-0.82
Positive
RSI
34.94
Neutral
STOCH
22.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DWNI, the sentiment is Negative. The current price of 22.7 is above the 20-day moving average (MA) of 20.12, above the 50-day MA of 21.25, and above the 200-day MA of 21.80, indicating a bearish trend. The MACD of -0.82 indicates Positive momentum. The RSI at 34.94 is Neutral, neither overbought nor oversold. The STOCH value of 22.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:DWNI.

Deutsche Wohnen Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
€1.62B3.6911.82%0.44%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
63
Neutral
€4.36B3.2018.02%4.45%6.91%
59
Neutral
€7.78B7.17-5.37%0.20%20.04%70.70%
53
Neutral
€6.07B75.97-0.36%-9.44%96.54%
52
Neutral
€18.92B5.4914.53%5.08%22.80%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:DWNI
Deutsche Wohnen
19.60
-0.20
-1.03%
DE:GIB
GSW Immobilien
60.00
-17.03
-22.11%
DE:LEG
LEG Immobilien
57.75
-5.08
-8.09%
DE:VNA
Vonovia
22.30
-1.45
-6.09%
DE:GYC
Grand City Properties SA
9.67
-0.14
-1.43%
DE:O5G
CPI PROPERTY GROUP S.A.
0.73
-0.10
-12.65%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 27, 2026