Mobiles Menu Mobiles Menu Close

Factsheet

as of August 1, 2024

graphic

Company Profile

Vonovia SE is Europe’s leading private residential real estate company. Vonovia currently around 543,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,000 apartments. Its portfolio is worth approximately € 82.5 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 Bochum based company has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX. 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 12,000 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; Birgit M. Bohle; Jürgen Fenk; Dr. Florian Funck; Dr. Ute Geipel-Faber; Dr. Daniela Gerd tom Markotten; Matthias Hünlein; Hildegard Müller; Dr. Ariane Reinhart

Share Information (as of June 30, 2024)

Share Information (as of June 30, 2024)

First day of trading

July 11, 2013

Subscription price

€ 16.50 | € 14.71*

Total number of shares

822,852,925

Share capital

€  822,852,925

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

  1. *TERP-adjusted.
Dividend Development
Dividend Development

Financial Calendar

August 1, 2024

Publication of the interim financial report for 6M 2024

November 6, 2024

Publication of the interim statement for 9M 2024

Key Figures

Key Figures

Financial Key Figures
in € million

H1 2023*

H1 2024

Change in %

12M 2023

Adjusted EBITDA Total (continuing operations)*

1,299.8

1,266.5

-2.6

2,583.8

Adjusted EBITDA Rental

1,209.0

1,191.6

-1.4

2,401.7

Adjusted EBITDA Value-add

44.1

56.8

28.8

105.5

Adjusted EBITDA Recurring Sales

37.0

22.2

-40.0

63.4

Adjusted EBITDA Development*

9.7

-4.1

13.2

Adjusted EBITDA from discontinued operations

24.2

25.1

3.7

53.9

Adjusted EBT (continuing operations)*

945.8

887.2

-6.2

1,866.2

Adjusted EBT (continuing operations) per share in €**

1.19

1.09

-8.3

2.31

Adjusted EBT (continuing operations) after minorities

882.5

804.3

-8.9

1,730.2

Adjusted EBT (continuing operations) after minorities
per share in €**

1.11

0.99

-10.9

2.12

Income from fair value adjustments of
investment properties*

-6,382.2

-1,432.0

-77.6

-10,651.2

Earnings before tax (EBT)*

-5,869.8

-588.3

-90.0

-9,185.2

Profit for the period

-4,130.4

-529.2

-87.2

-6,756.2

Operating Free Cash-Flow

764.5

800.3

4.7

1,414.8

Cash flow from operating activities

911.4

1,127.8

23.7

1,901.2

Cash flow from investing activities

-346.2

114.4

-825.9

Cash flow from financing activities

-186.3

-1,107.8

>100

-961.0

Total sum of maintenance, modernization,
portfolio investments and new construction*

706.4

673.8

-4.6

1,527.0

thereof for maintenance measures*

313.6

332.3

6.0

722.5

thereof for modernization & portfolio investments*

254.3

243.2

-4.4

513.3

thereof for new construction*

138.5

98.3

-29.0

291.2

Key Balance Sheet Figures/Financial Covenants
in € million

Dec. 31, 2023

June 30, 2024

Change in %

Fair value of the real estate portfolio

83,927.7

82,464.7

-1.7

EPRA NTA

38,140.9

36,603.7

-4.0

EPRA NTA per share in €***

46.82

44.48

-5.0

LTV (%)

47.3

48.2

0.9 pp

Net debt/EBITDA

15.6x

16.1x

0.5x

ICR

4.0x

3.6x

-0.4x

Non-financial Key Figures

H1 2023

H1 2024

Change in %

12M 2023

Number of units managed

618,516

614,578

-0.6

617,343

thereof own apartments

548,080

542,881

-0.9

545,919

thereof apartments owned by others

70,436

71,697

1.8

71,424

Number of units bought

63

-100.0

63

Number of apartments sold

1,282

3,869

>100

3,838

thereof Recurring Sales

628

921

46.7

1,590

thereof Non Core/other

654

2,948

>100

2,248

Number of new apartments completed

1,193

1,655

38.7

2,425

thereof own apartments

962

637

-33.8

1,309

thereof apartments for sale

231

1,018

>100

1,116

Vacancy rate (in %)

2.2

2.2

2.0

Monthly in-place rent in €/m²

7.58

7.86

3.7

7.74

Organic rent increase (in %)

3.5

3.8

0.3 pp

3.8

Carbon intensity achieved in Germany (in kg CO₂e/m²)

32.6

31.5

-3.4

31.7

Number of employees (as of June 30/Dec. 31)*

11,891

12,087

1.6

11,977

  1. *Previous year’s values (2023) adjusted to current key figure and segment definition.
  2. **Based on the weighted average number of shares carrying dividend rights.
  3. ***Based on the shares carrying dividend rights on the reporting date.
To Top