The property portfolio

At the end of the first half of 2022, ADLER Real Estate AG held a total of 10,010 rental units that are intended to be held permanently and are therefore recognised in the balance sheet as investment properties. They are mainly located in North Rhine-Westphalia and Berlin and comprise a total area of 643,000 square metres. Rental units that were reclassified to the balance sheet item “Non-current assets held for sale“ are not included in this figure. 

The operational performance data for the portfolio consisting of the remaining investment properties was as follows in the first half of 2022: The contracted rent/square metre/month averaged EUR 6.99 at the end of the reporting period, and the vacancy rate (excluding units under renovation) reached 2.3 percent. 

The fair value of this portfolio, calculated according to IFRS, amounted to EUR 1,689.8 million at the end of the first six-month period of 2022.