Deutsche Wohnen reported a sharp rise in earnings and said it would increase dividend payments.
The announcement comes as the company seeks to persuade shareholders to reject a €14bn hostile takeover bid by Vonovia.
Funds from operations excluding acquisitions rose by 38% last year to around €300m, and are expected to rise by a further 20% this year, to at least €360m, it said. It added it plans to lift its payout ratio to 65% of funds from operations from next year, up from 60% currently.
