Consolidated Income Statement

in € million	Jan. 1 – Mar. 31, 2023 (adjusted)	Jan. 1 – Mar. 31, 2024

Revenue from property letting	1,265.1	1,225.2
Other revenue from property management	47.8	34.5
Revenue from property management	1,312.9	1,259.7

Income from disposal of properties	112.3	340.2
Carrying amount of properties sold	-92.1	-330.5
Revaluation of assets held for sale	7.2	9.0
Profit from the disposal of properties	27.4	18.7

Revenue from disposal of real estate inventories	33.7	30.6
Cost of sold real estate inventories	-27.7	-27.3
Profit from disposal of real estate inventories	6.0	3.3

Net income from fair value adjustments of investment properties	-3,612.2	–
Capitalized internal expenses	115.4	107.8
Cost of materials	-647.2	-569.8
Personnel expenses	-197.4	-188.3
Depreciation and amortization	-26.9	-28.0
Other operating income	42.9	37.0
Impairment losses on financial assets	-2.9	-29.7
Net income from the derecognition of financial assets measured at amortized cost	1.1	1.3
Other operating expenses	-75.6	-74.9
Net income from investments accounted for using the equity method	-0.1	–
Interest income	33.3	31.6
Interest expenses	-195.6	-202.5
Other financial result	25.0	43.6
Earnings before tax	-3,193.9	409.8
Income taxes	1,098.1	-86.3
Profit for the period from continuing operations	-2,095.8	323.5
Profit for the period from discontinued operations	7.7	12.0
Profit for the period	-2,088.1	335.5

Attributable to:
Vonovia’s shareholders	-1,962.0	306.4
Non-controlling interests	-126.1	29.1

Earnings per share from continuing operations (diluted) in €	-2.46	0.37
Earnings per share from continuing operations (basic) in €	-2.46	0.37

Earnings per share total (diluted) in €	-2.47	0.38
Earnings per share total (basic) in €	-2.47	0.38