Portfolio Information

Vonovia manages its own real estate portfolio with a fair value of € 85.7 billion as of June 30, 2026. The vast majority of our residential units are located in regions with positive economic and demographic development prospects.

Portfolio and Fair by Country

Portfolio and Fair Value by Country
	Fair value*
Jun. 30, 2026	(in € million)	(in €/m²)	Residential units	Vacancy (in %)	In-place rent (in €/m²)**

Vonovia Germany	72,055.9	2,412	468,694	2.0	8.32
Vonovia Sweden	6,950.5	2,259	39,785	5.0	11.82
Vonovia Austria	2,790.8	1,724	19,891	4.7	5.87
Vonovia total	81,797.2	2,366	528,370	2.3	8.51

Portfolio Structure

Portfolio Structure
	Fair value*
Jun. 30, 2026	(in € million)	(in €/m²)	Residential units	Vacancy (in %)	In-place rent (in €/m²)**

Strategic	72,660.4	2,449	466,209	2.0	8.65
Germany	66,528.0	2,452	432,447	1.8	8.36
Urban Quarters	50,616.5	2,451	334,134	1.7	8.26
Urban Clusters	15,911.5	2,455	98,313	2.2	8.69
Sweden	6,132.3	2,410	33,762	4.5	11.90
Recurring Sales	6,549.9	2,080	42,224	3.9	7.13
Germany	3,759.0	2,457	22,333	3.2	8.34
Austria	2,790.8	1,724	19,891	4.7	5.87
Non Core	2,587.0	1,482	19,937	6.2	8.45
Germany	1,768.8	1,457	13,914	5.4	7.11
Sweden	818.2	1,539	6,023	8.1	11.33

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, 2026	(in € million)	(in €/m²)	Residential units	Vacancy (in %)	In-place rent (in €/m²)**

Regional market
Berlin	23,534.2	2,769	138,195	0.8	8.26
Rhine Main Area	6,541.0	2,937	34,578	2.1	10.27
Southern Ruhr Area	5,533.6	2,085	42,510	2.6	7.74
Rhineland	5,274.6	2,501	31,343	2.0	8.83
Dresden	5,091.0	2,061	39,830	2.0	7.47
Hamburg	3,235.2	2,695	18,742	1.2	8.81
Hanover	3,018.1	2,104	22,193	3.3	8.08
Munich	2,895.8	4,078	10,569	1.1	10.75
Kiel	2,734.6	1,900	24,441	2.3	8.15
Stuttgart	2,280.5	2,736	12,949	3.0	9.57
Leipzig	2,186.5	2,053	14,940	2.5	7.46
Northern Ruhr Area	2,040.7	1,436	22,825	2.8	6.99
Bremen	1,472.5	2,018	11,775	2.4	7.37
Westphalia	1,169.2	1,952	9,105	2.9	7.75
Freiburg	757.7	2,870	3,761	0.8	9.21
Other strategic locations	3,478.7	2,019	26,689	3.3	8.17
Total strategic locations Germany	71,244.0	2,425	464,445	1.9	8.33

*Fair value of the developed land excluding € 3,878.5 million, of which € 967.2 million for undeveloped land and inheritable building rights granted, € 533.1 million for assets under construction, € 2,057.3 million for development and € 320.9 million for other.
**Based on the country-specific definition.