Consolidated Balance Sheet

in € million	Dec. 31, 2024	Mar. 31, 2025

Assets
Intangible assets	1,424.4	1,433.8
Property, plant and equipment	743.8	751.0
Investment properties	78,343.1	79,729.6
Financial assets	1,181.1	1,118.2
Investments accounted for using the equity method	344.3	344.4
Other assets	267.0	201.9
Deferred tax assets	23.2	23.2
Total non-current assets	82,326.9	83,602.1

Inventories	13.2	13.9
Trade receivables	584.6	463.1
Financial assets	866.8	674.4
Other assets	674.5	672.6
Income tax receivables	177.0	220.7
Cash and cash equivalents	1,756.7	2,179.2
Real estate inventories	1,608.0	1,647.5
Assets held for sale	1,498.7	661.8
Assets from discontinued operations	729.9	491.4
Total current assets	7,909.4	7,024.6
Total assets	90,236.3	90,626.7

Equity and liabilities
Subscribed capital	822.9	822.9
Capital reserves	2,451.1	2,451.1
Retained earnings	21,149.1	21,654.7
Other reserves	-426.7	-160.2
Total equity attributable to Vonovia shareholders	23,996.4	24,768.5
Non-controlling interests	4,130.5	4,155.3
Total equity	28,126.9	28,923.8

Provisions	584.5	565.9
Trade payables	6.0	5.7
Non-derivative financial liabilities	37,448.3	35,566.8
Derivatives	59.6	49.2
Lease liabilities	630.6	636.9
Liabilities to non-controlling interests	176.2	176.3
Financial liabilities from tenant financing	41.6	43.1
Other liabilities	84.3	100.3
Deferred tax liabilities	15,613.5	15,720.3
Total non-current liabilities	54,644.6	52,864.5

Provisions	340.6	347.0
Trade payables	524.2	506.1
Non-derivative financial liabilities	5,202.7	6,599.3
Derivatives	1.1	2.0
Put options	311.2	314.2
Lease liabilities	45.1	43.7
Liabilities to non-controlling interests	32.6	32.6
Financial liabilities from tenant financing	109.0	107.9
Current income taxes	244.7	255.6
Other liabilities	373.1	571.9
Liabilities associated with assets classified as held for sale	203.1	–
Liabilities from discontinued operations	77.4	58.1
Total current liabilities	7,464.8	8,838.4
Total liabilities	62,109.4	61,702.9
Total equity and liabilities	90,236.3	90,626.7