Stuttgarter Wohnungs- und Städtebaugesellschaft mbH

The Stuttgarter Wohnungs- und Städtebaugesellschaft mbH (SWSG) is one of the big municipal, economically strong housing associations in Baden-Württemberg, with close to 18,300 of their own rental apartments. On behalf of the City of Stuttgart, the SWSG provides liveable and affordable housing for broad sections of the population. The main activities of the SWSG are the management and development of its own residential property portfolio as well as the property development business. For portfolio optimization, SWSG buys residential units and sells residential units to a limited extent out of fixed assets.The sole shareholder is the state capital, Stuttgart. The activities of the company are based on the social mission of the SWSG, which is anchored in the articles of association. With innovative housing concepts and a high proportion of publicly subsidized apartments in the portfolio, the SWSG ensures access to affordable and liveable housing in the Stuttgart housing market and strengthens social interaction through active neighbourhood development. The SWSG minimizes significant environmental effects through various measures in the area of energy supply and the use of resources. The strong economic performance of recent years, the structure of the SWSG, the stable shareholder structure and the clear strategic orientation of the company are prerequisites for SWSG to be able to fulfil its corporate mission. SWSG has been pursuing this sustainable business model for more than 85 years, which stands for continuity and reliability.   Business development in the year 2017 and the SWSG's business performance are generally satisfactory. Above all, the stable position of the SWSG arises from the constant inflow of liquidity through permanent and long-term stable rental income, which can be used to refinance measures. Sustainable housing management, accompanied by continuous maintenance and constant modernization, stabilizes value while at the same time reducing the cost burden of operating tenants. Long-term mortgage loans and a satisfactory equity ratio guarantee sound financing in the long term.  

Key corporate figures of the SWSG (2017):  

Revenues for property management 144.3 million euro
Balance sheet profit 5.1 million euro
Net income for the year 16.0 million euro
Cash flow from operating activities 65.0 million euro
Total assets 1098.6 million euro
Equity 390.1 million euro
Equity Ratio 35.5 percent
Own rental apartments 18,307
Employees 161

The annual reports and the the SWSG 's current CSR report can be found at: https://www.swsg.de/downloads.html