Vonovia SE on the Capital Market

Shares in Vonovia

The assessment of macroeconomic development in general and interest rates in particular was the dominant factor driving the stock markets in the first nine months of the year. In particular, the first moves by the US Federal Reserve and the European Central Bank to cut key rates provided a boost to share prices. Further rate cuts are generally expected by the market, fueling an overall positive mood on the stock markets.

In this environment, the DAX climbed by 15.4% in an upward trend that was largely stable.  Following a number of temporary setbacks, shares in Vonovia rose by 14.7% in the same period and by the end of the third quarter, they were trading at € 32.73, close to their 52-week high.  The EPRA Europe benchmark index, which lists Europe’s 104 biggest real estate stocks, reported an increase of 6.1%. 

The residential property markets in which we operate are characterized by a high level of excess demand, which is increasingly having a positive impact on rental growth.

As a result, we remain confident that the fundamental conditions in our markets will ensure positive development in the long run. Besides the favorable relationship (from an owner’s point of view) between supply and demand in urban regions, the relevant factors here include, above all, structural momentum on the revenue side as well as support from the key megatrends.

Vonovia’s market capitalization amounted to around € 26.9 billion as of September 30, 2024. 

Share Price Development