Vonovia is looking back on a successful first half of 2017: the implementation of the investment program is going to plan, further efficiency potential has been exploited in the property management sector and the Value-add Business segment is expand. In addition, conwert’s portfolio has been successfully integrated into the Group and contributed to an additional improvement in the company’s operational and financial key data.

Increase in Sustained Earnings


FFO 1 (Bar chart)FFO 1 (Bar chart)

Sharp Rise in Modernization Investments


Investments (Bar chart)Investments (Bar chart)

In-place rent in €/m2 rose by 3.9 % in a half-yearly comparison, with FFO climbing by 18.0 % on the back of positive core business development and the conwert acquisition.

We expect this positive business development to continue in the second half of the year and predict that the values forecast for the year as a whole will be achieved in full.

Organic Rent Growth

Organic Increase in Rent

Organic Increase in Rent (Bar chart)Organic Increase in Rent (Bar chart)

Slight Increase in Vacancies due to Investement Activities

Vacancy Rate

Vacancy Rate (Bar chart)Vacancy Rate (Bar chart)

Net Assets Increase due to Profit for the Period and Inclusion of conwert


EPRA NAV (Bar chart)EPRA NAV (Bar chart)

Growth in Property Assets following Inclusion of conwert and Increase in Value

Fair Value of Real Estate Portfolio

Fair Value of Real Estate Portfolio (Bar chart)Fair Value of Real Estate Portfolio (Bar chart)