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
Sharp Rise in Modernization Investments
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.