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Key Figures

Key Figures

Financial Key Figures* in € million

2018

2019

2020

2021

2022

Total Segment Revenue

3,610.7

4,111.7

4,370.0

5,216.6

6,256.9

Adjusted EBITDA Total

1,554.8

1,760.1

1,909.8

2,254.4

2,763.1

Adjusted EBITDA Rental

1,315.1

1,437.4

1,554.2

1,778.5

2,233.5

Adjusted EBITDA Value-add

121.2

146.3

152.3

153.8

126.7

Adjusted EBITDA Recurring Sales

79.1

91.9

92.4

113.2

135.1

Adjusted EBITDA Development

39.4

84.5

110.9

185.4

183.2

Adjusted EBITDA Nursing Business

23.5

84.6

Group FFO

1,132.0

1,218.6

1,348.2

1,694.4

2,035.6

thereof attributable to Vonovia shareholders

1,069.7

1,165.6

1,292.0

1,624.4

1,944.3

thereof attributable to Vonovia hybrid capital investors

40.0

40.0

40.0

30.0

thereof attributable to non-controlling interests

22.3

13.0

16.2

40.0

91.3

Group FFO after non-controlling interests

1,109.7

1,205.6

1,332.0

1,654.4

1,944.3

Group FFO per share in €**

2.04

2.11

2.23

2.18

2.56

Income from fair value adjustments of investment properties

3,517.9

4,131.5

3,719.8

7,393.8

-1,269.8

EBT

3,874.3

3,138.9

5,014.4

5,092.0

-732.7

Profit for the period

2,402.8

1,294.3

3,340.0

2,440.5

-669.4

Cash flow from operating activities

1,132.5

1,555.9

1,430.5

1,823.9

2,084.3

Cash flow from investing activities

-3,892.5

-2,505.7

-1,729.9

-19,115.8

938.2

Cash flow from financing activities

3,041.5

902.8

402.6

18,125.0

-3,145.1

Total cost of maintenance, modernization and new construction

1,569.4

1,971.1

1,935.9

2,185.6

2,300.7

thereof for maintenance expenses and capitalized maintenance

430.4

481.6

592.0

753.3

856.2

thereof for modernization

904.7

996.5

908.4

792.4

837.4

thereof for new construction

234.3

493.0

435.5

639.9

607.1

LTV (%)

43.1

39.4

45.4

45.1

Net Debt/EBITDA

14.3x

15.8x

ICR

5.8x

5.5x

Key Balance Sheet Figures in € million

Dec. 31, 2018

Dec. 31, 2019

Dec. 31, 2020

Dec. 31, 2021

Dec. 31, 2022

Fair value of the real estate portfolio

44,239.9

53,316.4

58,910.7

97,845.3

94,694.5

EPRA NTA

29,762.2

35,488.6

48,640.8

45,744.5

EPRA NTA per share in €**

51.44

58.78

62.63

57.48

Non-financial Key Figures*

2018

2019

2020

2021

2022

Number of units managed

480,102

494,927

489,709

636,507

621,303

thereof own apartments

395,769

416,236

415,688

565,334

548,524

thereof apartments owned by others

84,333

78,691

74,021

71,173

72,779

Number of units bought

63,706

23,987

1,711

155,145

969

Number of apartments sold

15,102

4,784

3,677

6,965

19,760

thereof Recurring Sales

2,818

2,607

2,442

2,803

2,710

thereof Non Core/other

12,284

2,177

1,235

4,162

17,050

Number of new apartments completed

1,108

2,092

2,088

2,200

3,749

thereof own apartments

638

1,301

1,442

1,373

2,071

thereof apartments for sale

470

791

646

827

1,678

Vacancy rate (in %)

2.4

2.6

2.4

2.2

2.0

Monthly in-place rent in €/m²

7.33

7.49

Organic rent increase (in %)

3.8

3.3

Sustainability Performance Index (in%)***

109.0

103.0

Carbon intensity achieved in Germany (in kg CO₂e/m²)

48.8

47.2

39.5

38.4

33.0

Number of employees (as of Dec. 31)

9,923

10,345

10,622

15,871

15,915

  1. * Figures 2018–2020 as reported, previous year's figures 2021 comparable according to current key figure definition/segmentation 2022.
  2. ** Based on the shares carrying dividend rights on the reporting date, 2018–2020 prior-year values TERP-adjusted (1.067).
  3. *** Excl. Deutsche Wohnen.