Investor Relations Activities
Vonovia SE is committed to a transparent, ongoing dialogue with its shareholders and potential investors. We continued with our road shows and meetings in the first nine months of 2023, both as virtual and face-to-face events. We took part in a total of 19 investor conferences and organized 15 roadshow days.
In addition, numerous one-on-one meetings, video conferences and conference calls were held with investors and analysts to keep them informed of current developments and special issues. The following topics in particular dominated the meetings held in the first nine months of 2023: interest rates, inflation, rising rents, energy prices, capital structure and sustainability.
Vonovia’s eighth Capital Markets Day was held as a purely face-to-face event in Bochum on September 28, 2023. With an emphasis on the topic of rental price development, approximately 50 of our international analysts and investors took part in breakout sessions on the implementation of rent increases, regulatory issues and Vonovia’s approach to sustainable, intelligent and interconnected housing. The event was rounded off with a property tour of our Energiesprong projects in Bochum and Witten.
We will continue to communicate openly with the capital market. Various road shows, conferences and participation in investor forums have already been planned. Information can be found in the Financial Calendar on our Investor Relations website.
Annual General Meeting
The Annual General Meeting of Vonovia SE was held as a virtual event on May 17, 2023. The shareholders approved all of the resolution proposals put forward by the Supervisory Board and the Management Board as required. They also formally approved the actions of the Supervisory Board and the Management Board for the 2022 fiscal year with a large majority in each case.
The Annual General Meeting approved the dividend proposal of € 0.85 made by the Supervisory Board and the Management Board, which corresponds to a dividend yield of 3.9 % based on the closing price for 2022 of € 22.02. Shareholders were free to choose between a cash dividend and a scrip dividend. 44.87% opted for a dividend in the form of shares.
A total of 68.08% of the company’s share capital was represented.
As of September 30, 2023, 24 international analysts were publishing research studies on Vonovia. The average target share price was € 29.32. Of these analysts, 67% issued a “buy” recommendation, with 21% issuing a “hold” recommendation and 12% a “sell” recommendation.