Portfolio Information

Vonovia manages its own real estate portfolio with a fair value of € 82.9 billion as of June 30, 2025. The vast majority of our residential units are located in regions with positive economic and demographic development prospects.

Portfolio Structure

Portfolio Structure
	Fair value*
Jun. 30, 2025	(in € million)	(in €/m²)	Residential units	Vacancy (in %)	In-place rent (in €/m²)**

Strategic	64,315.1	2,341	438,222	1.7	8.08
Urban Quarters	48,464.8	2,335	336,077	1.6	7.97
Urban Clusters	15,850.3	2,361	102,145	2.0	8.39
Recurring Sales	3,839.0	2,336	23,330	2.9	7.87
Non Core	1,521.7	1,466	11,617	4.8	7.28
Vonovia Germany	69,675.8	2,311	473,169	1.8	8.05
Vonovia Sweden	6,701.9	2,186	39,647	4.5	11.30
Vonovia Austria	2,730.2	1,657	20,248	4.4	5.76
Vonovia total	79,107.9	2,269	533,064	2.1	8.22

In order to boost the level of transparency in the presentation of our portfolio, we also break our portfolio down into 15 regional markets. These markets are core towns/cities and their surroundings, the majority of which are urban areas. Our decision to focus on the regional markets that are particularly relevant to Vonovia is our way of looking ahead to the future and provides an overview of our strategic core portfolio in Germany.

Breakdown of Strategic Housing Stock by Regional Market

Breakdown of Strategic Housing Stock by Regional Market
	Fair value*
Jun. 30, 2025	(in € million)	(in €/m²)	Residential units	Vacancy (in %)	In-place rent (in €/m²)**

Regional market
Berlin	22,720.6	2,669	138,412	0.8	8.06
Rhine Main Area	6,421.5	2,812	35,331	2.2	9.89
Southern Ruhr Area	5,224.4	1,956	42,729	2.4	7.47
Rhineland	5,139.6	2,445	31,194	1.7	8.55
Dresden	5,019.4	1,924	42,275	2.3	7.27
Hamburg	3,232.9	2,527	19,999	1.4	8.43
Hanover	2,869.8	2,019	21,977	2.5	7.83
Munich	2,735.3	3,861	10,508	1.0	10.12
Kiel	2,687.3	1,832	24,846	1.9	7.75
Stuttgart	2,251.4	2,666	13,078	1.7	9.29
Leipzig	2,101.8	1,968	14,898	2.9	7.07
Northern Ruhr Area	2,051.3	1,370	24,056	2.7	6.77
Bremen	1,400.0	1,944	11,614	2.1	7.02
Westphalia	1,131.2	1,828	9,398	2.8	7.47
Freiburg	745.9	2,782	3,834	0.7	9.00
Other strategic Locations	3,339.2	1,930	26,822	3.3	7.87
Total strategic locations Germany	69,071.8	2,318	470,971	1.8	8.05

*Fair value of the developed land excluding € 3.796,0 million, of which € 1.007,4 million for undeveloped land and inheritable building rights granted, € 270,5 million for assets under construction, € 1.783,7 million for development, € 346,8 million for nursing care properties (discontinued operations) and € 387,6 million for other.
**Based on the country-specific definition.