Factsheet
as of August 1, 2024
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 | |
- *TERP-adjusted.
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 | 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 | 1.11 | 0.99 | -10.9 | 2.12 | ||||
Income from fair value adjustments of | -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, | 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 | 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 | ||||
- *Previous year’s values (2023) adjusted to current key figure and segment definition.
- **Based on the weighted average number of shares carrying dividend rights.
- ***Based on the shares carrying dividend rights on the reporting date.