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2023

Vonovia SE

Annual Report
2023

Letter from the Management Board

Letter from the Management Board

“Last year, in the face of growing uncertainties, we took matters into our own hands. Rather than watching from the sidelines, we took decisive action.”

Rolf Buch, CEO
Key Figures

Key Figures

Total Segment Revenue 
(continuing operations) 1

5,151.1 million
–7.5%

Adjusted EBITDA Total 
(continuing operations) 1

2,583.8 million
–0.9%

Group FFO
(continuing operations) 1

1,801.6 million
–9.1%

EPRA NTA per Share 2

46.82
–18.5%

Total Housing Portfolio

545,919 units
–0.5%

Investments 1

1,484.5 million
–34.5%
Share

Share

Share Price Development in %
Portfolio Information

Portfolio Information

as of December 31, 2023

Total Vonovia Austria Sweden Germany 22,155 38,248 355,285 415,688
9,677 Munich 4,036 Freiburg 13,609 Stuttgart 27,290 Rhine Main Area 38,505 Dresden 9,136 Leipzig 28,421 Rhineland 43,428 Southern Ruhr Area 25,076 Northern Ruhr Area 43,171 Berlin 9,489 Westphalia 16,190 Hanover 11,849 Bremen 19,724 Hamburg 24,274 Kiel 26,598 4,812 415,688
  1. 1 Fair value of the developed land excluding € 4.135,4 million, of which € 494,5 million for undeveloped land and inheritable building rights granted, € 226,0 million for assets under construction, € 2.104,2 million for development, € 936,9 million for nursing portfolio and € 373,8 million for other.
  2. 2 Shown based on the country-specific definition (see glossary Monthly In-place Rent).
  3. 3 10-year horizon higher (see chapter on fair values in the management report).
  4. 4 Fair value of the developed land excluding undeveloped land and inheritable building rights granted, assets under construction, development, care portfolio and other.
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