Stuttgarter Wohnungs- und Städtebaugesellschaft mbH
General | General InformationGeneral Information
| Company name | Stuttgarter Wohnungs- und Städtebaugesellschaft mbH |
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| Company website | www.swsg.de | |
| Number of employees | < 250 | |
| Reporting year | 2019 | |
| Indicator set | GRI SRS | |
| Directly affected by the disclosure of non-financial and diversity information | No | |
| Contact | ||
Describe your business model (including type of company, products / services)
With approx. 18,800 own rental apartments, Stuttgarter Wohnungs- und Städtebaugesellschaft mbH (SWSG) is one of the largest and financially-strong communal residential real estate companies in Baden-Württemberg. SWSG provides livable and affordable housing for the state capital Stuttgart. SWSG’s main activities consist of managing and developing its own real estate portfolio and property development business. To optimize its portfolio, SWSG purchases and sells a small number of its residential units.
The sole shareholder is the Baden-Württemberg state capital, Stuttgart. The company’s activities are based on the social mandate enshrined in SWSG’s articles of association. Through innovative housing concepts and a large share of subsidized apartments, SWSG ensures access to affordable and livable homes on the Stuttgart housing market and actively develops local areas to strengthen social ties. SWSG primarily minimizes its ecological impact through various measures related to energy supply and the use of resources. SWSG’s strong economic performance in recent years, its structure, stable shareholder organization and clear strategic focus allow SWSG to fulfill its corporate mandate. For more than 85 years, SWSG has pursued this sustainable business model, which represents continuity and reliability.
SWSG’s business performance and results in 2019 are satisfactory overall. SWSG’s stable situation is primarily due to the steady flow of liquidity from regular and long-term rental income, which can be used to refinance certain measures. Sustainable development of residential space accompanied by continuous maintenance and steady modernization stabilizes values and lowers tenants’ living expenses. Long-term mortgage loans and a satisfactory equity ratio guarantee solid financing, including for the long term.
SWSG’s Key Figures (2019):
Building management revenue: EUR 153.3 million
Balance sheet profit: EUR 5.2 million
Net profit for the year: EUR 15.2 million
Operating cash flow: EUR 53.0 million
Total assets: EUR 1,245.3 million
Equity: EUR 418.5 million
Equity ratio: 33.6%
Own rental apartments: 18,813
Employees: 162
The sole shareholder is the Baden-Württemberg state capital, Stuttgart. The company’s activities are based on the social mandate enshrined in SWSG’s articles of association. Through innovative housing concepts and a large share of subsidized apartments, SWSG ensures access to affordable and livable homes on the Stuttgart housing market and actively develops local areas to strengthen social ties. SWSG primarily minimizes its ecological impact through various measures related to energy supply and the use of resources. SWSG’s strong economic performance in recent years, its structure, stable shareholder organization and clear strategic focus allow SWSG to fulfill its corporate mandate. For more than 85 years, SWSG has pursued this sustainable business model, which represents continuity and reliability.
SWSG’s business performance and results in 2019 are satisfactory overall. SWSG’s stable situation is primarily due to the steady flow of liquidity from regular and long-term rental income, which can be used to refinance certain measures. Sustainable development of residential space accompanied by continuous maintenance and steady modernization stabilizes values and lowers tenants’ living expenses. Long-term mortgage loans and a satisfactory equity ratio guarantee solid financing, including for the long term.
SWSG’s Key Figures (2019):
Building management revenue: EUR 153.3 million
Balance sheet profit: EUR 5.2 million
Net profit for the year: EUR 15.2 million
Operating cash flow: EUR 53.0 million
Total assets: EUR 1,245.3 million
Equity: EUR 418.5 million
Equity ratio: 33.6%
Own rental apartments: 18,813
Employees: 162
Additional remarks:
SWSG’s current financial statements and sustainability reports may be found (in German) at: https://www.swsg.de/downloads.html