Consolidated Balance Sheet

in € million	Notes	Dec. 31, 2025	Jun. 30, 2026

Assets
Intangible assets	D17	1,433.7	1,447.3
Property, plant and equipment		808.0	845.1
Investment properties	D18	82,392.8	83,261.1
Trade receivables		107.9	94.9
Financial assets	D19	1,128.6	1,138.2
Investments accounted for using the equity method	D20	498.7	557.5
Other assets		15.9	18.2
Deferred tax assets		8.3	8.4
Total non-current assets		86,393.9	87,370.7

Inventories		27.6	29.7
Trade receivables		233.8	212.7
Financial assets	D19	433.0	382.4
Other assets		400.9	529.9
Income tax receivables		258.4	154.0
Cash and cash equivalents		3,256.9	1,854.2
Real estate inventories		1,865.6	2,100.9
Assets held for sale	D21	385.2	477.6
Total current assets		6,861.4	5,741.4
Total assets		93,255.3	93,112.1

Equity and liabilities
Subscribed capital		848.2	848.4
Capital reserves		2,608.9	2,612.8
Retained earnings		24,130.8	23,973.0
Other reserves		-121.3	-230.5
Total equity attributable to Vonovia shareholders		27,466.6	27,203.7
Non-controlling interests		4,701.1	4,694.2
Total equity	E22	32,167.7	31,897.9

Provisions		550.1	541.4
Trade payables		5.7	5.1
Non-derivative financial liabilities	E23	38,302.9	38,067.8
Derivatives		136.4	185.8
Put options		99.4	84.8
Lease liabilities	E24	633.8	631.6
Liabilities to non-controlling interests		657.9	572.2
Financial liabilities from tenant financing		40.8	41.3
Other liabilities		125.0	143.4
Deferred tax liabilities		14,104.9	14,486.4
Total non-current liabilities		54,656.9	54,759.8

Provisions		419.2	487.0
Trade payables		550.0	542.4
Non-derivative financial liabilities	E23	4,327.4	4,165.8
Derivatives		4.6	4.4
Put options		243.9	264.9
Lease liabilities	E24	45.7	43.2
Liabilities to non-controlling interests		134.3	159.8
Financial liabilities from tenant financing		104.4	102.3
Current income taxes		254.0	163.4
Other liabilities		347.2	521.2
Total current liabilities		6,430.7	6,454.4
Total liabilities		61,087.6	61,214.2
Total equity and liabilities		93,255.3	93,112.1