Key Figures

Financial Key Figures in € million

 

2013

 

2014

 

2015

 

2016

 

2017

*

Previously “Adjusted EBITDA Extension”

The key figures from prior years have been adjusted to match the definitions of the 2017 fiscal year. The key figures per share are based on the shares carrying dividend rights on the corresponding reporting date: values for 2014, 2013 TERP adjusted.

Rental income

 

728.0

 

789.3

 

1,414.6

 

1,538.1

 

1,667.9

Adjusted EBITDA Operations

 

442.4

 

503.4

 

957.6

 

1,094.0

 

1,224.2

Adjusted EBITDA Rental

 

433.0

 

482.6

 

924.4

 

1,046.2

 

1,150.0

Adjusted EBITDA Value-add Business*

 

10.5

 

23.6

 

37.6

 

57.0

 

102.1

Adjusted EBITDA Other

 

-1.1

 

-2.8

 

-4.4

 

-9.2

 

-27.9

Income from disposal of properties

 

353.5

 

287.3

 

726.0

 

1,227.9

 

1,206.4

Adjusted EBITDA Sales

 

27.7

 

50.1

 

71.1

 

92.5

 

110.8

Adjusted EBITDA

 

470.1

 

553.5

 

1,028.7

 

1,186.5

 

1,335.0

EBITDA IFRS

 

431.0

 

500.3

 

838.4

 

1,083.7

 

1,271.8

FFO 1

 

223.5

 

286.6

 

608.0

 

760.8

 

920.8

thereof attributable to Vonovia shareholders

 

218.4

 

275.1

 

555.5

 

713.4

 

866.2

thereof attributable to Vonovia hybrid capital investors

 

 

 

33.0

 

40.0

 

40.0

thereof attributable to non-controlling interests

 

5.1

 

11.5

 

19.5

 

7.4

 

14.6

FFO 2

 

251.2

 

336.7

 

662.1

 

823.8

 

1,012.4

AFFO

 

203.5

 

258.3

 

520.5

 

689.2

 

835.1

FFO 1 per share in €

 

0.95

 

1.00

 

1.30

 

1.63

 

1.90

Income from fair value adjustments of investment properties

 

553.7

 

371.1

 

1,323.5

 

3,236.1

 

3,434.1

EBT

 

689.6

 

589.1

 

1,734.5

 

3,859.8

 

4,007.4

Profit for the period

 

484.2

 

409.7

 

994.7

 

2,512.9

 

2,566.9

Cash flow from operating activities

 

259.6

 

453.2

 

689.8

 

828.9

 

946.0

Cash flow from investing activities

 

171.3

 

-1,177.9

 

-3,239.8

 

416.4

 

-1,350.1

Cash flow from financing activities

 

-353.2

 

1,741.7

 

4,093.1

 

-2,812.4

 

-870.5

Maintenance and modernization

 

228.4

 

345.5

 

686.3

 

792.4

 

1,124.8

thereof for maintenance expenses and capitalized maintenance

 

157.6

 

173.8

 

330.7

 

320.1

 

346.2

thereof for modernization

 

70.8

 

171.7

 

355.6

 

472.3

 

778.6

Key Balance Sheet Figures in € million

 

Dec. 31, 2013

 

Dec. 31, 2014

 

Dec. 31, 2015

 

Dec. 31, 2016

 

Dec. 31, 2017

The key figures from prior years have been adjusted to match the definitions of the 2017 fiscal year. The key figures per share are based on the shares carrying dividend rights on the corresponding reporting date: values for 2014, 2013 TERP adjusted.

Fair value of the real estate portfolio

 

10,326.7

 

12,759.1

 

24,157.7

 

27,115.6

 

33,436.3

Adjusted NAV

 

5,123.4

 

6,472.0

 

11,273.5

 

14,328.2

 

18,671.1

Adjusted NAV per share in €

 

21.74

 

22.67

 

24.19

 

30.75

 

38.49

LTV in %

 

48.1

 

49.3

 

46.9

 

41.6

 

39.8

Non-Financial Key Figures

 

2013

 

2014

 

2015

 

2016

 

2017

*

Previously “Non-Core/Non-Strategic”

The key figures from prior years have been adjusted to match the definitions of the 2017 fiscal year. The key figures per share are based on the shares carrying dividend rights on the corresponding reporting date: values for 2014, 2013 TERP adjusted.

Number of units managed

 

201,737

 

232,246

 

397,799

 

392,350

 

409,275

thereof own apartments

 

175,258

 

203,028

 

357,117

 

333,381

 

346,644

thereof apartments owned by others

 

26,479

 

29,218

 

40,682

 

58,969

 

62,631

Number of units bought

 

0

 

31,858

 

168,632

 

2,815

 

24,847

Number of units sold

 

6,720

 

4,081

 

15,174

 

26,631

 

11,780

thereof Privatize

 

2,576

 

2,238

 

2,979

 

2,701

 

2,608

thereof Sell portfolio*

 

4,144

 

1,843

 

12,195

 

23,930

 

9,172

Vacancy rate in %

 

3.5

 

3.4

 

2.7

 

2.4

 

2.5

Monthly in-place rent in €/m2

 

5.40

 

5.58

 

5.75

 

6.02

 

6.27

Organic rent increase in %

 

1.9

 

2.5

 

2.9

 

3.3

 

4.2

Number of employees (as of Dec. 31)

 

2,935

 

3,850

 

6,368

 

7,437

 

8,448

EPRA Key Figures in € million

 

2013

 

2014

 

2015

 

2016

 

2017

The key figures from prior years have been adjusted to match the definitions of the 2017 fiscal year. The key figures per share are based on the shares carrying dividend rights on the corresponding reporting date: values for 2014, 2013 TERP adjusted.

EPRA NAV

 

5,123.4

 

6,578.0

 

13,988.2

 

17,047.1

 

21,284.6

EPRA NAV per share in €

 

21.74

 

23.04

 

30.02

 

36.58

 

43.88

EPRA NNNAV

 

 

 

9,739.8

 

12,034.4

 

14,657.5

EPRA earnings

 

 

 

329.2

 

450.0

 

573.1

EPRA net initial yield in %

 

 

 

4.5

 

4.1

 

3.7

EPRA topped-up net initial yield in %

 

 

 

4.5

 

4.1

 

3.7

EPRA vacancy rate in %

 

3.1

 

3.0

 

2.5

 

2.2

 

2.3

EPRA cost ratio (incl. direct vacancy costs) in %

 

 

 

31.9

 

28.4

 

26.2

EPRA cost ratio (excl. direct vacancy costs) in %

 

 

 

30.2

 

27.0

 

24.7