on HOWOGE Wohnungsbaugesellschaft Mit Beschränkter Haftung
HOWOGE's 2024 Financial Performance and Sustainability Commitment
HOWOGE Wohnungsbaugesellschaft mbH announced a solid financial performance for 2024, showcasing robust growth despite market challenges. The publicly owned housing company reported a positive consolidated result and expanded its portfolio by 5,200 housing units, raising its total to over 81,600 apartments.
Financial highlights include an FFO of approximately EUR 208 million for the residential segment and a loan-to-value ratio of 29%. Revenue from lettings rose by 4.8%, reaching EUR 403.8 million. HOWOGE's diversified financing strategy includes a EUR 300 million Social Bond launched in 2024.
The organisation emphasises sustainable growth, with a significant focus on social housing and reducing its CO2 emissions. It plans to achieve climate neutrality by 2045. The company remains optimistic for 2025, projecting a stable market and further growth.
R. H.
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