Net asset value: Indicates the net asset value or inner value of a property company. It is the sum of all assets minus liabilities (= equity) and is adjusted for deferred taxes related to property. The deferred taxes related to property apply here to the deferred tax assets and liabilities from the investment properties, deferred tax assets from loss carry-forwards as far as these are offset by deferred tax liabilities related to property, deferred tax liabilities from loans related to property, as well as deferred tax assets from provisions related to property and deferred tax liabilities from received investment subsidies. In international usage, the NAV corresponds to the Net Net Asset Value because at Deutsche Wohnen, the equity has already been corrected by the deferred taxes related to property.


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