Net Assets

At the end of the third quarter of 2023, the EPRA NTA came to € 41,148.3 million, down by 10.0% on the value of € 45,744.5 million seen at the end of 2022.  EPRA NTA per share increased from € 57.48 at the end of 2022 to € 50.51 at the end of the third quarter of 2023.

EPRA Net Tangible Assets (EPRA NTA)

EPRA Net Tangible Assets (EPRA NTA)

in € million

Dec. 31, 2022

Sep. 30, 2023

Change
in %

Total equity attributable to Vonovia shareholders

31,331.5

27,854.5

-11.1

Deferred tax in relation to fair value gains of investment properties*

16,190.0

14,880.6

-8.1

Fair value of financial instruments**

-117.5

-139.4

18.6

Goodwill as per the IFRS balance sheet

-1,529.9

-1,391.7

-9.0

Intangibles as per the IFRS balance sheet

-129.6

-55.7

-57.0

EPRA NTA

45,744.5

41,148.3

-10.0

EPRA NTA per share in €***

57.48

50.51

-12.1

  1. *Proportion of hold portfolio.
  2. **Adjusted for effects from cross currency swaps.
  3. ***EPRA NTA per share based on the shares carrying dividend rights on the reporting date.