Net Assets
Vonovia’s net asset value figures are based on the best practice recommendations of the EPRA (European Public Real Estate Association).
As of March 31, 2022, the EPRA NTA, based on the new definition for 2022, came to € 49,350.7 million, up by 1.2% on the value of € 48,748.8 million seen at the end of 2021. EPRA NTA per share increased from € 62.77 at the end of 2021 to € 63.55 at the end of the first quarter of 2022.
EPRA Net Tangible Assets (EPRA NTA)
EPRA Net Tangible Assets (EPRA NTA) | ||||||
in € million | Dec. 31, 2021 | Mar. 31, 2022 | Change in % | |||
Total equity attributable to Vonovia shareholders | 33,287.1 | 33,256.2 | -0.1 | |||
Deferred tax in relation to fair value gains of investment properties* | 18,438.4 | 18,021.2 | -2.3 | |||
Fair value of financial instruments** | 28.6 | -9.0 | – | |||
Goodwill as per the IFRS balance sheet | -2,766.5 | -1,684.0 | -39.1 | |||
Intangibles as per the IFRS balance sheet | -238.8 | -233.7 | -2.1 | |||
EPRA NTA*** | 48,748.8 | 49,350.7 | 1.2 | |||
EPRA NTA per share in €*** | 62.77 | 63.55 | 1.2 | |||
- * Proportion of hold portfolio.
- ** Adjusted for effects from cross currency swaps.
- *** Based on the new 2022 definition excluding real estate transfer tax and taking into account the total deferred taxes on investment properties of Deutsche Wohnen. EPRA NTA per share based on the shares carrying dividend rights on the reporting date.