Factsheet
as of March 18, 2022
Company Profile
Vonovia SE is Europe’s leading private residential real estate company. Vonovia currently owns around 414,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,000 apartments. Its portfolio is worth approximately € 63.0 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company’s successful development. Therefore, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.
The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX 30 and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of more than 11,000 employees.
Management Board
Rolf Buch (Chairman of the Management Board); Arnd Fittkau; Philip Grosse; Daniel Riedl; Helene von Roeder
Supervisory Board
Jürgen Fitschen; Prof Dr. Edgar Ernst; Burkhard Ulrich Drescher; Vitus Eckert; Dr. Florian Funck; Dr. Ute Geipel-Faber; Daniel Just; Hildegard Müller; Prof. Dr. Klaus Rauscher; Dr. Ariane Reinhart; Clara-Christina Streit; Christian Ulbrich
Share Information (as of December 31, 2021)
Share Information (as of December 31, 2021) | ||
First day of trading | 11.07.2013 | |
Subscription price | € 16.50 | € 14.71* | |
Total number of shares | 776,597,389 | |
Share capital | € 776,597,389 | |
ISIN | DE000A1ML7J1 | |
WKN | A1ML7J | |
Ticker symbol | VNA | |
Common code | 94567408 | |
Share class | Registered shares with no par value | |
Stock exchange | Frankfurt Stock Exchange | |
Market segment | Regulated market | |
Indices | DAX 40, EURO STOXX 50, DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe and GPR 250 World | |
- * TERP adjusted.
Financial Calendar
March 18, 2022
Publication of the 2021 Annual Report
April 29, 2022
Annual General Meeting (virtual)
May 5, 2022
Publication of the interim statement for 3M 2022
August 3, 2022
Publication of the interim financial report for 6M 2022
November 4, 2022
Publication of the interim statement for 9M 2022
Key Figures
(excluding Deutsche Wohnen, unless stated otherwise)
Key Figures
Financial Key Figures in € million | 2017 | 2018 | 2019 | 2020 | 2021 | ||||||
Total Segment Revenue | 2,822.0 | 3,610.7 | 4,111.7 | 4,370.0 | 5,179.9 | ||||||
Adjusted EBITDA Total | 1,319.7 | 1,554.8 | 1,760.1 | 1,909.8 | 2,269.3 | ||||||
Adjusted EBITDA Rental | 1,148.7 | 1,315.1 | 1,437.4 | 1,554.2 | 1,648.0 | ||||||
Adjusted EBITDA Value-add | 102.1 | 121.2 | 146.3 | 152.3 | 148.8 | ||||||
Adjusted EBITDA Recurring Sales | 62.2 | 79.1 | 91.9 | 92.4 | 114.0 | ||||||
Adjusted EBITDA Development | 6.7 | 39.4 | 84.5 | 110.9 | 187.7 | ||||||
Adjusted EBITDA Deutsche Wohnen | – | 170.8 | |||||||||
Group FFO | 975.0 | 1,132.0 | 1,218.6 | 1,348.2 | 1,672.0 | ||||||
thereof attributable to Vonovia shareholders | 920.4 | 1,069.7 | 1,165.6 | 1,292.0 | 1,605.0 | ||||||
thereof attributable to Vonovia hybrid capital investors | 40.0 | 40.0 | 40.0 | 40.0 | 38.4 | ||||||
thereof attributable to non-controlling interests | 14.6 | 22.3 | 13.0 | 16.2 | 28.6 | ||||||
Group FFO per share in €* | 1.88 | 2.04 | 2.11 | 2.23 | 2.15 | ||||||
Income from fair value adjustments of investment properties | 3,434.1 | 3,517.9 | 4,131.5 | 3,719.8 | 7,393.8 | ||||||
EBT | 4,007.4 | 3,874.3 | 3,138.9 | 5,014.4 | 5,482.4 | ||||||
Profit for the period | 2,566.9 | 2,402.8 | 1,294.3 | 3,340.0 | 2,830.9 | ||||||
Cash flow from operating activities | 946.0 | 1,132.5 | 1,555.9 | 1,430.5 | 1,823.9 | ||||||
Cash flow from investing activities | -1,350.1 | -3,892.5 | -2,505.7 | -1,729.9 | -19,115.8 | ||||||
Cash flow from financing activities | -870.5 | 3,041.5 | 902.8 | 402.6 | 18,125.0 | ||||||
Total cost of maintenance, modernization and new construction | 1,124.8 | 1,569.4 | 1,971.1 | 1,935.9 | 2,185.6 | ||||||
thereof for maintenance expenses and capitalized maintenance | 346.2 | 430.4 | 481.6 | 592.0 | 666.4 | ||||||
thereof for modernization | 712.9 | 904.7 | 996.5 | 908.4 | 758.6 | ||||||
thereof for new construction | 65.7 | 234.3 | 493.0 | 435.5 | 526.6 | ||||||
thereof Deutsche Wohnen | – | – | – | – | 234.0 | ||||||
Key Balance Sheet Figures in € million | Dec. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2021 | ||||||
Fair value of the real estate portfolio | 33,436.3 | 44,239.9 | 53,316.4 | 58,910.7 | 97,845.3 | ||||||
EPRA NTA | 29,762.2 | 35,488.6 | 51,826.1 | ||||||||
EPRA NTA per share in €* | 51.44 | 58.78 | 66.73 | ||||||||
LTV (%) | 39.8 | 42.8 | 43.1 | 39.4 | 45.3 | ||||||
Non-financial Key Figures | 2017 | 2018 | 2019 | 2020 | 2021 | ||||||
Number of units managed | 409,275 | 480,102 | 494,927 | 489,709 | 636,507 | ||||||
thereof own apartments | 346,644 | 395,769 | 416,236 | 415,688 | 565,334 | ||||||
thereof apartments owned by others | 62,631 | 84,333 | 78,691 | 74,021 | 71,173 | ||||||
Number of units bought | 24,847 | 63,706 | 23,987 | 1,711 | 155,145 | ||||||
Number of units sold | 11,780 | 15,102 | 4,784 | 3,677 | 6,870 | ||||||
thereof Recurring Sales | 2,608 | 2,818 | 2,607 | 2,442 | 2,747 | ||||||
thereof Non-core Disposals | 9,172 | 12,284 | 2,177 | 1,235 | 723 | ||||||
thereof Deutsche Wohnen | – | 3,400 | |||||||||
Number of new apartments completed | 250 | 1,108 | 2,092 | 2,088 | 2,200 | ||||||
thereof own apartments | 250 | 638 | 1,301 | 1,442 | 1,373 | ||||||
thereof apartments for sale | – | 470 | 791 | 646 | 827 | ||||||
thereof Deutsche Wohnen | – | – | |||||||||
Vacancy rate (in %) | 2.5 | 2.4 | 2.6 | 2.4 | 2.2 | ||||||
Monthly in-place rent in €/m² | 6.27 | 6.52 | 6.93 | 7.16 | 7.33 | ||||||
Organic rent increase (in %) | 4.2 | 4.4 | 3.9 | 3.1 | 3.8 | ||||||
Carbon intensity achieved in Germany (in kg CO₂e/m²)** | 50.7 | 48.8 | 47.2 | 39.5 | 38.4 | ||||||
Number of employees (as of Dec. 31) | 8,448 | 9,923 | 10,345 | 10,622 | 15,871 | ||||||
EPRA Key Figures in € million | 2017 | 2018 | 2019 | 2020 | 2021 | ||||||
EPRA NTA | 29,762.2 | 35,488.6 | 51,826.1 | ||||||||
EPRA NTA per share in €* | 51.44 | 58.78 | 66.73 | ||||||||
EPRA NRV | 37,065.9 | 43,677.3 | 64,216.1 | ||||||||
EPRA NRV per share in €* | 64.06 | 72.34 | 82.69 | ||||||||
EPRA NDV | 17,161.9 | 20,543.4 | 30,155.4 | ||||||||
EPRA Earnings | 838.2 | 932.5 | 1,075.8 | 1,196.9 | 1,361.7 | ||||||
EPRA Net initial yield in % | 3.7 | 3.5 | 3.3 | 3.0 | 2.6 | ||||||
EPRA Topped-up net initial yield in % | 3.7 | 3.5 | 3.3 | 3.0 | 2.6 | ||||||
EPRA Vacancy rate in % | 2.3 | 2.3 | 2.4 | 2.3 | 2.0 | ||||||
EPRA Cost ratio (incl. direct vacancy costs) in % | 26.3 | 25.9 | 25.8 | 26.8 | 25.5 | ||||||
EPRA Cost ratio (excl. direct vacancy costs) in % | 24.8 | 24.6 | 24.5 | 25.6 | 24.4 | ||||||
- * Based on the shares carrying dividend rights on the reporting date, prior-year values TERP-adjusted (1.067).
- ** From 2020 Change in CO₂-emissions calculation (update of data sources and harmonization of emission factors), therefore limited comparability with previous years.