Consolidated Income Statement

in € million	Notes	Jan. 1 –Jun. 30, 2025	Jan. 1– Jun. 30, 2026	Apr. 1– Jun. 30, 2025	Apr. 1– Jun. 30, 2026

Revenue from property letting		2,433.2	2,435.9	1,221.3	1,217.1
Other revenue from property management		82.9	93.0	45.3	47.6
Revenue from property management	B6	2,516.1	2,528.9	1,266.6	1,264.7

Income from disposal of properties		1,067.3	375.2	222.4	219.3
Carrying amount of properties sold		-1,086.8	-341.9	-202.3	-201.9
Revaluation of assets held for sale		21.7	37.9	-3.2	6.5
Profit from the disposal of properties	B7	2.2	71.2	16.9	23.9

Revenue from disposal of real estate inventories		199.5	160.7	86.1	121.5
Cost of sold real estate inventories		-133.9	-130.7	-81.6	-110.9
Profit from disposal of real estate inventories	B8	65.6	30.0	4.5	10.6

Net income from fair value adjustments of investment properties	B9	520.3	848.1	520.3	848.1
Capitalized internal expenses		313.5	348.7	154.8	178.3
Cost of materials	B10	-1,106.8	-1,046.8	-544.3	-521.1
Personnel expenses		-437.9	-470.8	-224.1	-236.8
Depreciation and amortization		-402.0	-87.0	-367.5	-51.2
Other operating income	B11	112.3	133.4	60.6	79.4
Impairment losses on financial assets		-14.9	-21.0	-7.2	-13.0
Net income from the derecognition of financial assets measured at amortized cost		-8.7	0.5	0.4	0.2
Other operating expenses	B12	-260.7	-180.2	-171.4	-91.0
Net income from investments accounted for using the equity method		-7.9	-10.1	-6.6	-12.1
Interest income	B13	39.2	30.8	20.9	14.7
Interest expenses	B14	-509.3	-483.7	-310.1	-247.8
Other financial result	B15	-70.0	-27.2	-1.6	29.9
Earnings before tax		751.0	1,664.8	412.2	1,276.8
Income taxes		44.2	-599.5	-121.4	-461.8
Profit for the period from continuing operations		795.2	1,065.3	290.8	815.0
Profit for the period from discontinued operations		16.0	–	5.0	–
Profit for the period		811.2	1,065.3	295.8	815.0

Attributable to:
Vonovia’s shareholders		802.4	947.3	310.8	736.8
thereof from continuing operations		788.4	947.3	306.4	736.8
thereof from discontinued operations		14.0	–	4.4	–
Non-controlling interests		8.8	118.0	-15.0	78.2

Earnings per share from continuing operations (diluted) in €		0.96	1.06	0.37	0.81
Earnings per share from continuing operations (basic) in €		0.96	1.12	0.37	0.87

Earnings per share total (diluted) in €		0.97	1.06	0.38	0.81
Earnings per share total (basic) in €		0.97	1.12	0.38	0.87