Consolidated Income Statement

in € million	Notes	Jan. 1–Jun. 30, 2023 (adjusted)	Jan. 1–Jun. 30, 2024	Apr. 1– Jun. 30, 2023 (adjusted)	Apr. 1– Jun. 30, 2024

Revenue from property letting		2,540.9	2,448.9	1,275.8	1,223.7
Other revenue from property management		83.7	73.0	35.9	38.5
Revenue from property management	B6	2,624.6	2,521.9	1,311.7	1,262.2

Income from disposal of properties		238.1	516.6	125.8	176.4
Carrying amount of properties sold		-204.1	-493.2	-112.0	-162.7
Revaluation of assets held for sale		20.4	27.8	13.2	18.8
Profit from the disposal of properties	B7	54.4	51.2	27.0	32.5

Revenue from disposal of real estate inventories		222.5	70.1	188.8	39.5
Cost of sold real estate inventories		-199.0	-59.6	-171.3	-32.3
Profit from disposal of real estate inventories	B8	23.5	10.5	17.5	7.2

Net income from fair value adjustments of investment properties	B9	-6,382.2	-1,432.0	-2,770.0	-1,432.0
Capitalized internal expenses		225.7	235.8	110.3	128.0
Cost of materials		-1,235.1	-1,135.0	-587.9	-565.2
Personnel expenses		-384.8	-378.0	-187.4	-189.7
Depreciation and amortization		-327.8	-61.8	-300.9	-33.8
Other operating income	B11	94.8	99.0	52.0	62.0
Impairment losses on financial assets		-6.5	-37.6	-3.6	-7.9
Net income from the derecognition of financial assets measured at amortized cost		0.5	0.9	-0.6	-0.4
Other operating expenses	B12	-247.4	-172.4	-171.8	-97.5
Net income from investments accounted for using the equity method		-12.3	-18.5	-12.2	-18.5
Interest income	B13	49.9	67.5	16.5	35.9
Interest expenses	B14	-382.6	-424.5	-187.0	-222.0
Other financial result	B15	35.5	84.7	10.5	41.1
Earnings before tax		-5,869.8	-588.3	-2,675.9	-998.1
Income taxes		1,736.3	80.1	638.2	166.4
Profit for the period from continuing operations		-4,133.5	-508.2	-2,037.7	-831.7
Profit for the period from discontinued operations		3.1	-21.0	-4.6	-33.0
Profit for the period		-4,130.4	-529.2	-2,042.3	-864.7

Attributable to:
Vonovia’s shareholders		-3,918.0	-472.7	-1,955.9	-779.1
thereof from continuing operations		-3,920.7	-452.8	-1,951.9	-748.0
thereof from discontinued operations		2.7	-19.9	-4.0	-31.1
Non-controlling interests		-212.4	-56.5	-86.4	-85.6

Earnings per share from continuing operations (diluted) in €		-4.81	-0.56	-2.34	-0.92
Earnings per share from continuing operations (basic) in €		-4.81	-0.56	-2.34	-0.92

Earnings per share total (diluted) in €		-4.81	-0.58	-2.34	-0.95
Earnings per share total (basic) in €		-4.81	-0.58	-2.34	-0.95