Consolidated Income Statement

in € million	Jan. 1 – Mar. 31, 2024	Jan. 1 – Mar. 31, 2025

Revenue from property letting	1,225.2	1,211.9
Other revenue from property management	34.5	37.6
Revenue from property management	1,259.7	1,249.5

Income from disposal of properties	340.2	844.9
Carrying amount of properties sold	-330.5	-884.5
Revaluation of assets held for sale	9.0	24.9
Profit from the disposal of properties	18.7	-14.7

Revenue from disposal of real estate inventories	30.6	113.4
Cost of sold real estate inventories	-27.3	-52.3
Profit from disposal of real estate inventories	3.3	61.1

Net income from fair value adjustments of investment properties	–	–
Capitalized internal expenses	107.8	158.7
Cost of materials	-569.8	-562.5
Personnel expenses	-188.3	-213.8
Depreciation and amortization	-28.0	-34.5
Other operating income	37.0	51.7
Impairment losses on financial assets	-29.7	-7.7
Net income from the derecognition of financial assets measured at amortized cost	1.3	-9.1
Other operating expenses	-74.9	-89.3
Net income from investments accounted for using the equity method	–	-1.3
Interest income	31.6	18.3
Interest expenses	-202.5	-199.2
Other financial result	43.6	-68.4
Earnings before tax	409.8	338.8
Income taxes	-86.3	165.6
Profit for the period from continuing operations	323.5	504.4
Profit for the period from discontinued operations	12.0	11.0
Profit for the period	335.5	515.4

Attributable to:
Vonovia’s shareholders	306.4	491.6
thereof from continuing operations	295.2	482.0
thereof from discontinued operations	11.2	9.6
Non-controlling interests	29.1	23.8

Earnings per share from continuing operations (diluted) in €	0.37	0.59
Earnings per share from continuing operations (basic) in €	0.37	0.59

Earnings per share total (diluted) in €	0.38	0.60
Earnings per share total (basic) in €	0.38	0.60