Consolidated Income Statement

in € million	Notes	Jan. 1–Jun. 30, 2024	Jan. 1–Jun. 30, 2025	Apr. 1– Jun. 30, 2024	Apr. 1– Jun. 30, 2025

Revenue from property letting		2,448.9	2,433.2	1,223.7	1,221.3
Other revenue from property management		73.0	82.9	38.5	45.3
Revenue from property management	B6	2,521.9	2,516.1	1,262.2	1,266.6

Income from disposal of properties		516.6	1,067.3	176.4	222.4
Carrying amount of properties sold		-493.2	-1,086.8	-162.7	-202.3
Revaluation of assets held for sale		27.8	21.7	18.8	-3.2
Profit from the disposal of properties	B7	51.2	2.2	32.5	16.9

Revenue from disposal of real estate inventories		70.1	199.5	39.5	86.1
Cost of sold real estate inventories		-59.6	-133.9	-32.3	-81.6
Profit from disposal of real estate inventories	B8	10.5	65.6	7.2	4.5

Net income from fair value adjustments of investment properties	B9	-1,432.0	520.3	-1,432.0	520.3
Capitalized internal expenses		235.8	313.5	128.0	154.8
Cost of materials	B10	-1,135.0	-1,106.8	-565.2	-544.3
Personnel expenses	B11	-378.0	-437.9	-189.7	-224.1
Depreciation and amortization		-61.8	-402.0	-33.8	-367.5
Other operating income	B12	99.0	112.3	62.0	60.6
Impairment losses on financial assets		-37.6	-14.9	-7.9	-7.2
Net income from the derecognition of financial assets measured at amortized cost		0.9	-8.7	-0.4	0.4
Other operating expenses	B13	-172.4	-260.7	-97.5	-171.4
Net income from investments accounted for using the equity method		-18.5	-7.9	-18.5	-6.6
Interest income	B14	67.5	39.2	35.9	20.9
Interest expenses	B15	-424.5	-509.3	-222.0	-310.1
Other financial result	B16	84.7	-70.0	41.1	-1.6
Earnings before tax		-588.3	751.0	-998.1	412.2
Income taxes	B17	80.1	44.2	166.4	-121.4
Profit for the period from continuing operations		-508.2	795.2	-831.7	290.8
Profit for the period from discontinued operations		-21.0	16.0	-33.0	5.0
Profit for the period		-529.2	811.2	-864.7	295.8

Attributable to:
Vonovia’s shareholders		-472.7	802.4	-779.1	310.8
thereof from continuing operations		-452.8	788.4	-748.0	306.4
thereof from discontinued operations		-19.9	14.0	-31.1	4.4
Non-controlling interests		-56.5	8.8	-85.6	-15.0

Earnings per share from continuing operations (diluted) in €		-0.56	0.96	-0.92	0.37
Earnings per share from continuing operations (basic) in €		-0.56	0.96	-0.92	0.37

Earnings per share total (diluted) in €	C23	-0.58	0.97	-0.95	0.38
Earnings per share total (basic) in €	C23	-0.58	0.97	-0.95	0.38