Factsheet
as of September 30, 2023
Company Profile
Vonovia SE is Europe’s leading private residential real estate company. Vonovia currently owns around 548,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 70,700 apartments. Its portfolio is worth approximately € 88.7 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 (today DAX 40) 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, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of approximately 15,800 employees.
Management Board
Rolf Buch (Chairman of the Management Board); Arnd Fittkau; Philip Grosse; Daniel Riedl; Ruth Werhahn
Supervisory Board
Clara-Christina Streit; Vitus Eckert; Jürgen Fenk; Dr. Florian Funck; Dr. Ute Geipel-Faber; Dr. Daniela Gerd tom Markotten; Matthias Hünlein; Hildegard Müller; Dr. Ariane Reinhart; Christian Ulbrich
Share Information (as of September 30, 2023)
Share Information (as of September 30, 2023) | ||
First day of trading | July 11, 2013 | |
Subscription price | € 16.50 | € 14.71* | |
Total number of shares | 814,644,998 | |
Share capital | € 814,644,998 | |
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, DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe and GPR 250 World | |
- * TERP-adjusted.
Financial Calendar
November 3, 2023
Publication of the interim statement for 9M 2023
Key Figures
Key Figures
Financial Key Figures* | 9M 2022 | 9M 2023 | Change | 12M 2022 | ||||
Total Segment Revenue | 4,606.3 | 4,232.3 | -8.1 | 6,256.9 | ||||
Adjusted EBITDA Total | 2,110.1 | 2,010.0 | -4.7 | 2,763.1 | ||||
Adjusted EBITDA Rental | 1,685.3 | 1,803.3 | 7.0 | 2,233.5 | ||||
Adjusted EBITDA Value-add | 125.3 | 73.3 | -41.5 | 126.7 | ||||
Adjusted EBITDA Recurring Sales | 112.8 | 51.6 | -54.3 | 135.1 | ||||
Adjusted EBITDA Development | 122.1 | 28.0 | -77.1 | 183.2 | ||||
Adjusted EBITDA Care | 64.6 | 53.8 | -16.7 | 84.6 | ||||
Group FFO | 1,577.8 | 1,446.0 | -8.4 | 2,035.6 | ||||
thereof attributable to non-controlling | 62.0 | 69.6 | 12.3 | 91.3 | ||||
Group FFO after non-controlling interests | 1,515.8 | 1,376.4 | -9.2 | 1,944.3 | ||||
Group FFO per share in €** | 1.98 | 1.78 | -10.1 | 2.56 | ||||
Income from fair value adjustments of | 3,137.6 | -6,318.9 | – | -1,269.8 | ||||
EBT | 3,379.7 | -5,343.6 | – | -732.7 | ||||
Profit for the period | 2,211.7 | -3,808.9 | – | -669.4 | ||||
Cash flow from operating activities | 1,488.9 | 1,282.7 | -13.8 | 2,084.3 | ||||
Cash flow from investing activities | 923.2 | -584.1 | – | 938.2 | ||||
Cash flow from financing activities | -2,483.0 | -1,044.2 | -57.9 | -3,145.1 | ||||
Total cost of maintenance, modernization and | 1,739.8 | 1,021.7 | -41.3 | 2,300.7 | ||||
thereof for maintenance expenses and | 594.8 | 493.4 | -17.0 | 856.2 | ||||
thereof for modernization | 631.3 | 358.7 | -43.2 | 837.4 | ||||
thereof for new construction | 513.7 | 169.6 | -67.0 | 607.1 | ||||
Key Balance Sheet Figures/Financial Covenants | Dec. 31, 2022 | Sep. 30, 2023 | Change | |||||
Fair value of the real estate portfolio | 94,694.5 | 88,693.7 | -6.3 | |||||
EPRA NTA | 45,744.5 | 41,148.3 | -10.0 | |||||
EPRA NTA per share in €** | 57.48 | 50.51 | -12.1 | |||||
LTV (%) | 45.1% | 46.8% | 1.7 pp | |||||
Net Debt/EBITDA | 15.8x | 16.1x | 0.3x | |||||
ICR | 5.5x | 4.4x | -1.1x | |||||
Non-financial Key Figures* | 9M 2022 | 9M 2023 | Change | 12M 2022 | ||||
Number of units managed | 621,396 | 618,679 | -0.4 | 621,303 | ||||
thereof own apartments | 549,010 | 547,998 | -0.2 | 548,524 | ||||
thereof apartments owned by others | 72,386 | 70,681 | -2.4 | 72,779 | ||||
Number of units bought | 910 | 63 | -93.1 | 969 | ||||
Number of apartments sold | 18,598 | 1,713 | -90.8 | 19,760 | ||||
thereof Recurring Sales | 1,853 | 958 | -48.3 | 2,710 | ||||
thereof Non Core/other | 16,745 | 755 | -95.5 | 17,050 | ||||
Number of new apartments completed | 1,543 | 1,799 | 16.6 | 3,749 | ||||
thereof own apartments | 907 | 1,292 | 42.4 | 2,071 | ||||
thereof apartments for sale | 636 | 507 | -20.3 | 1,678 | ||||
Vacancy rate (in %) | 2.1 | 2.1 | – | 2.0 | ||||
Monthly in-place rent in €/m² | 7.47 | 7.67 | 2.7 | 7.49 | ||||
Organic rent increase (in %) | 3.3 | 3.8 | 0.5 pp | 3.3 | ||||
Number of employees (as of Sep. 30/Dec. 31) | 15,851 | 15,798 | -0.3 | 15,915 | ||||
- * Previous year’s figures for 2022 comparable according to current key figure definition/segmentation for 2023.
- ** Based on the shares carrying dividend rights on the reporting date.