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Key Figures

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

  1. *Based on the shares carrying dividend rights on the reporting date, prior-year values TERP-adjusted (1.067).
  2. **From 2020 Change in CO₂-emissions calculation (update of data sources and harmonization of emission factors), therefore limited comparability with previous years.