Factsheet 2021
as of November 4, 2021
Company Profile
Vonovia SE is Europe’s leading private residential real estate company. Vonovia currently owns around 414,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,000 apartments. Its portfolio is worth approximately € 63.0 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company’s successful development. Therefore, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.
The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX 30 and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of more than 11,000 employees.
Management Board
Rolf Buch (Chairman of the Management Board); Arnd Fittkau; Helene von Roeder; Daniel Riedl
Supervisory Board
Jürgen Fitschen; Prof Dr. Edgar Ernst; Burkhard Ulrich Drescher; Vitus Eckert; Dr. Florian Funck; Dr. Ute Geipel-Faber; Daniel Just; Hildegard Müller; Prof. Dr. Klaus Rauscher; Dr. Ariane Reinhart; Clara-Christina Streit; Christian Ulbrich
Share Information (as of September 30, 2021) | ||
First day of trading | July 11, 2013 | |
Subscription price | € 16.50 | |
Total number of shares | 575,257,327 | |
Share capital | € 575,257,327 | |
ISIN | DE000A1ML7J1 | |
WKN | A1ML7J | |
Ticker symbol | VNA | |
Common code | 94567408 | |
Share class | Registered shares with no par value | |
Stock exchange | Frankfurt Stock Exchange | |
Market segment | Regulated market | |
Indices | DAX 40, EURO STOXX 50, DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe and GPR 250 World | |
Financial Calendar
November 4, 2021
Publication of the interim financial report for the first nine months of 2021
For information on all of the reporting dates that are already set, please refer to our financial calendar on our IR website.
Key Figures
(excluding Deutsche Wohnen, unless stated otherwise)
Financial Key Figures in € million | 9M 2020 | 9M 2021 | Change in % | 12M 2020 | ||||
Total Segment Revenue | 3,211.6 | 3,517.0 | 9.5 | 4,370.0 | ||||
Adjusted EBITDA Total | 1,432.5 | 1,540.9 | 7.6 | 1,909.8 | ||||
Adjusted EBITDA Rental | 1,178.7 | 1,240.0 | 5.2 | 1,554.2 | ||||
Adjusted EBITDA Value-add | 110.1 | 115.6 | 5.0 | 152.3 | ||||
Adjusted EBITDA Recurring Sales | 74.9 | 105.5 | 40.9 | 92.4 | ||||
Adjusted EBITDA Development | 68.8 | 79.8 | 16.0 | 110.9 | ||||
EBITDA IFRS | 1,380.6 | 1,426.9 | 3.4 | 1,822.4 | ||||
Group FFO** | 1,015.9 | 1,147.3 | 12.9 | 1,348.2 | ||||
thereof attributable to Vonovia shareholders | 973.7 | 1,101.5 | 13.1 | 1,292.0 | ||||
thereof attributable to Vonovia hybrid capital investors | 30.0 | 30.0 | 0.0 | 40.0 | ||||
thereof attributable to non-controlling interests | 12.2 | 15.8 | 29.5 | 16.2 | ||||
Group FFO per share in €*/** | 1.80 | 1.99 | 10.8 | 2.38 | ||||
Income from fair value adjustments of investment properties | 1,830.2 | 5,073.0 | >100 | 3,719.8 | ||||
EBT** | 2,831.7 | 5,833.2 | >100 | 5,014.4 | ||||
Profit for the period** | 1,891.6 | 3,869.1 | >100 | 3,340.0 | ||||
Cash flow from operating activities | 1,016.7 | 1,026.3 | 0.9 | 1,430.5 | ||||
Cash flow from investing activities | -1,204.5 | -8,625.1 | >100 | -1,729.9 | ||||
Cash flow from financing activities | 1,402.0 | 9,161.5 | >100 | 402.6 | ||||
Total cost of maintenance, modernization and new construction | 1,360.0 | 1,355.1 | -0.4 | 1,935.9 | ||||
thereof for maintenance expenses and capitalized maintenance | 399.1 | 453.5 | 13.6 | 592.0 | ||||
thereof for modernization | 659.7 | 547.8 | -17.0 | 908.4 | ||||
thereof for new construction | 301.2 | 353.8 | 17.5 | 435.5 | ||||
Key Balance Sheet Figures in € million | Dec. 31, 2020 | Sep. 30, 2021 | Change in % | |||||
Fair value of the real estate portfolio** | 58,910.7 | 95,378.7 | 61.9 | |||||
EPRA NTA** | 35,488.6 | 40,417.9 | 13.9 | |||||
EPRA NTA per share in €*/** | 62.71 | 70.26 | 12.0 | |||||
LTV (%)** | 39.4 | 44.2 | 4.8 pp | |||||
Non-financial Key Figures | 9M 2020 | 9M 2021 | Change in % | 12M 2020 | ||||
Number of units managed | 488,400 | 639,878 | 31.0 | 489,709 | ||||
thereof own apartments** | 414,570 | 568,451 | 37.1 | 415,688 | ||||
thereof apartments owned by others | 73,830 | 71,427 | -3.3 | 74,021 | ||||
Number of units bought** | – | 154,918 | – | 1,711 | ||||
Number of units sold | 2,712 | 2,987 | 10.1 | 3,677 | ||||
thereof Recurring Sales | 1,883 | 2,367 | 25.7 | 2,442 | ||||
thereof Non-core Disposals | 829 | 620 | -25.2 | 1,235 | ||||
Number of new apartments completed | 1,437 | 1,366 | -4.9 | 2,088 | ||||
thereof own apartments | 1,056 | 786 | -25.6 | 1,442 | ||||
thereof apartments for sale | 381 | 580 | 52.2 | 646 | ||||
Vacancy rate (in %) | 2.6 | 2.7 | 0.1 pp | 2.4 | ||||
Monthly in-place rent in €/m² | 7.07 | 7.34 | 3.8 | 7.16 | ||||
Organic rent increase (in %) | 3.6 | 3.5 | -0.1 pp | 3.1 | ||||
Number of employees (as of Sep. 30/Dec. 31)** | 10,564 | 16,051 | 51.9 | 10,622 | ||||
- * Based on the shares carrying dividend rights on the reporting date September 30, 2020: 565,887,299, September 30, 2021: 575,257,327 and December 31, 2020: 565,887,299.
- ** 2021 incl. Deutsche Wohnen; Group FFO and profit for the period incl. effects of accounting for Deutsche Wohnen using the equity method.