Consolidated Balance Sheet

in € million	Dec. 31, 2025	Mar. 31, 2026

Assets
Intangible assets	1,433.7	1,433.3
Property, plant and equipment	808.0	808.5
Investment properties	82,392.8	82,258.1
Trade receivables	107.9	103.9
Financial assets	1,128.6	1,124.3
Investments accounted for using the equity method	498.7	511.4
Other assets	15.9	15.9
Deferred tax assets	8.3	8.3
Total non-current assets	86,393.9	86,263.7

Inventories	27.6	28.1
Trade receivables	233.8	218.0
Financial assets	433.0	430.0
Other assets	400.9	482.1
Income tax receivables	258.4	152.2
Cash and cash equivalents	3,256.9	1,801.5
Real estate inventories	1,865.6	2,008.5
Assets held for sale	385.2	615.4
Total current assets	6,861.4	5,735.8
Total assets	93,255.3	91,999.5

Equity and liabilities
Subscribed capital	848.2	848.4
Capital reserves	2,608.9	2,615.2
Retained earnings	24,130.8	24,358.4
Other reserves	-121.3	-175.7
Total equity attributable to Vonovia shareholders	27,466.6	27,646.3
Non-controlling interests	4,701.1	4,725.5
Total equity	32,167.7	32,371.8

Provisions	550.1	540.3
Trade payables	5.7	5.4
Non-derivative financial liabilities	38,302.9	36,929.3
Derivatives	136.4	139.5
Put options	99.4	99.9
Lease liabilities	633.8	629.3
Liabilities to non-controlling interests	657.9	657.9
Financial liabilities from tenant financing	40.8	41.8
Other liabilities	125.0	139.1
Deferred tax liabilities	14,104.9	14,186.1
Total non-current liabilities	54,656.9	53,368.6

Provisions	419.2	400.9
Trade payables	550.0	510.4
Non-derivative financial liabilities	4,327.4	4,073.9
Derivatives	4.6	3.3
Put options	243.9	243.6
Lease liabilities	45.7	45.2
Liabilities to non-controlling interests	134.3	134.1
Financial liabilities from tenant financing	104.4	100.1
Current income taxes	254.0	246.0
Other liabilities	347.2	501.6
Total current liabilities	6,430.7	6,259.1
Total liabilities	61,087.6	59,627.7
Total equity and liabilities	93,255.3	91,999.5