Key Figures

Key Financial Figures in € million

 

H1 2017

 

H1 2016

 

Change in %

 

12M 2016

*

previously “Adjusted EBITDA Extension”

**

Based on the shares carrying dividend rights on the reporting date Jun. 30, 2017: 476,460,248, Jun. 30, 2016: 466,000,624, Dec. 31, 2016: 466,000,624

Rental income

 

833.2

 

774.7

 

7.6

 

1,538.1

Adjusted EBITDA Operations

 

607.6

 

558.1

 

8.9

 

1,094.0

Adjusted EBITDA Rental

 

573.5

 

535.6

 

7.1

 

1,046.2

Adjusted EBITDA Value-add Business*

 

45.6

 

26.0

 

75.4

 

57.0

Adjusted EBITDA Other

 

-11.5

 

-3.5

 

228.6

 

-9.2

Income from disposal of properties

 

701.9

 

850.5

 

-17.5

 

1,227.9

Adjusted EBITDA Sales

 

44.3

 

46.5

 

-4.7

 

92.5

Adjusted EBITDA

 

651.9

 

604.6

 

7.8

 

1,186.5

EBITDA IFRS

 

651.4

 

543.9

 

19.8

 

1,083.7

FFO 1

 

457.7

 

387.8

 

18.0

 

760.8

thereof attributable to Vonovia shareholders

 

431.1

 

362.3

 

19.0

 

713.4

thereof attributable to Vonovia hybrid capital investors

 

20.0

 

20.0

 

 

40.0

thereof attributable to non-controlling interests

 

6.6

 

5.5

 

20.0

 

7.4

FFO 2

 

481.9

 

409.3

 

17.7

 

823.8

AFFO

 

427.2

 

358.7

 

19.1

 

689.2

FFO 1 per share in €**

 

0.96

 

0.83

 

15.7

 

1.63

Income from fair value adjustments of investment properties

 

1,164.7

 

 

100.0

 

3,236.1

EBT

 

1,652.6

 

257.8

 

541.0

 

3,859.8

Profit for the period

 

1,064.6

 

147.9

 

619.8

 

2,512.9

Cash flow from operating activities

 

475.4

 

432.9

 

9.8

 

828.9

Cash flow from investing activities

 

-1,179.0

 

318.0

 

 

416.4

Cash flow from financing activities

 

-459.1

 

-748.9

 

-38.7

 

-2,812.4

Maintenance and modernization

 

456.4

 

295.3

 

54.6

 

792.4

thereof for maintenance expenses and capitalized maintenance

 

158.8

 

148.3

 

7.1

 

320.1

thereof for modernization (incl. new construction)

 

297.6

 

147.0

 

102.4

 

472.3

Key Balance Sheet Figures in € million

 

Jun. 30, 2017

 

Jun. 30, 2016

 

Change in %

 

Dec. 31, 2016

*

Based on the shares carrying dividend rights on the reporting date Jun. 30, 2017: 476,460,248, Jun. 30, 2016: 466,000,624, Dec. 31, 2016: 466,000,624

Fair value of the real estate portfolio

 

30,830.2

 

23,794.1

 

29.6

 

27,115.6

Adjusted NAV

 

15,771.0

 

10,952.8

 

44.0

 

14,328.2

Adjusted NAV per share in €*

 

33.10

 

23.50

 

40.9

 

30.75

LTV in %

 

43.2

 

47.4

 

-4.2 pp

 

41.6

Non-Financial Key Figures

 

H1 2017

 

H1 2016

 

Change in %

 

12M 2016

Number of units managed

 

416,282

 

394,285

 

5.6

 

392,350

thereof own apartments

 

352,815

 

340,442

 

3.6

 

333,381

thereof apartments owned by others

 

63,467

 

53,843

 

17.9

 

58,969

Number of units bought

 

23,745

 

2,440

 

873.2

 

2,815

Number of units sold

 

4,484

 

19,135

 

-76.6

 

26,631

thereof Privatize

 

1,160

 

1,441

 

-19.5

 

2,701

thereof Non-Core

 

3,324

 

17,694

 

-81.2

 

23,930

Vacancy rate in %

 

2.9

 

2.8

 

0.1 pp

 

2.4

Monthly in-place rent in €/m2

 

6.12

 

5.89

 

3.9

 

6.02

Organic rent increase in %

 

3.7

 

2.8

 

0.9 pp

 

3.3

Number of employees (as at Jun. 30/Dec. 31)

 

8,257

 

6,909

 

19.5

 

7,437

EPRA Key Figures in € million

 

Jun. 30, 2017

 

Jun. 30, 2016

 

Change in %

 

Dec. 31, 2016

*

Based on the shares carrying dividend rights on the reporting date Jun. 30, 2017: 476,460,248, Jun. 30, 2016: 466,000,624, Dec. 31, 2016: 466,000,624

EPRA NAV

 

18,702.8

 

13,671.7

 

36.8

 

17,047.1

EPRA NAV per share in €*

 

39.25

 

29.34

 

33.8

 

36.58