Key Figures

Key Financial Figures in € million

 

9M 2017

 

9M 2016

 

Change in %

 

12M 2016

*

previously “Adjusted EBITDA Extension”

**

Based on the shares carrying dividend rights on the reporting date September 30, 2017: 485,100,826, September 30, 2016: 466,000,624, Dec. 31, 2016: 466,000,624

Rental income

 

1,249.4

 

1,156.1

 

8.1

 

1,538.1

Adjusted EBITDA Operations

 

922.1

 

832.3

 

10.8

 

1,094.0

Adjusted EBITDA Rental

 

865.9

 

794.1

 

9.0

 

1,046.2

Adjusted EBITDA Value-add Business*

 

76.0

 

45.1

 

68.5

 

57.0

Adjusted EBITDA Other

 

-19.8

 

-6.9

 

187.0

 

-9.2

Income from disposal of properties

 

951.2

 

988.2

 

-3.7

 

1,227.9

Adjusted EBITDA Sales

 

81.3

 

65.5

 

24.1

 

92.5

Adjusted EBITDA

 

1,003.4

 

897.8

 

11.8

 

1,186.5

EBITDA IFRS

 

945.5

 

825.9

 

14.5

 

1,083.7

FFO 1

 

690.5

 

571.6

 

20.8

 

760.8

thereof attributable to Vonovia shareholders

 

650.6

 

536.2

 

21.3

 

713.4

thereof attributable to Vonovia hybrid capital investors

 

30.0

 

30.0

 

 

40.0

thereof attributable to non-controlling interests

 

9.9

 

5.4

 

83.3

 

7.4

FFO 2

 

748.0

 

604.0

 

23.8

 

823.8

AFFO

 

640.2

 

524.3

 

22.1

 

689.2

FFO 1 per share in €**

 

1.42

 

1.23

 

15.4

 

1.63

Income from fair value adjustments of investment properties

 

1,164.7

 

 

 

3,236.1

EBT

 

1,869.0

 

455.4

 

310.4

 

3,859.8

Profit for the period

 

1,205.2

 

278.3

 

333.1

 

2,512.9

Cash flow from operating activities

 

719.0

 

636.7

 

12.9

 

828.9

Cash flow from investing activities

 

-1,165.2

 

326.5

 

 

416.4

Cash flow from financing activities

 

-754.8

 

-2,953.0

 

-74.4

 

-2,812.4

Maintenance and modernization

 

752.8

 

516.7

 

45.7

 

792.4

thereof for maintenance expenses and capitalized maintenance

 

244.2

 

232.1

 

5.2

 

320.1

thereof for modernization (incl. new construction)

 

508.6

 

284.6

 

78.7

 

472.3

Key Balance Sheet Figures in € million

 

Sep. 30, 2017

 

Sep. 30, 2016

 

Change in %

 

Dec. 31, 2016

*

Based on the shares carrying dividend rights on the reporting date September 30, 2017: 485,100,826, September 30, 2016: 466,000,624, Dec. 31, 2016: 466,000,624

Fair value of the real estate portfolio

 

30,948.1

 

23,851.1

 

29.8

 

27,115.6

Adjusted NAV

 

16,263.5

 

11,016.9

 

47.6

 

14,328.2

Adjusted NAV per share in €*

 

33.53

 

23.64

 

41.8

 

30.75

LTV in %

 

42.4

 

47.1

 

-4.7 pp

 

41.6

Non-Financial Key Figures

 

9M 2017

 

9M 2016

 

Change in %

 

12M 2016

Number of units managed

 

413,703

 

397,254

 

4.1

 

392,350

thereof own apartments

 

350,134

 

337,720

 

3.7

 

333,381

thereof apartments owned by others

 

63,569

 

59,534

 

6.8

 

58,969

Number of units bought

 

24,847

 

2,440

 

918.3

 

2,815

Number of units sold

 

8,304

 

21,922

 

-62.1

 

26,631

thereof Privatize

 

1,704

 

2,150

 

-20.7

 

2,701

thereof Non-Core

 

6,600

 

19,772

 

-66.6

 

23,930

Vacancy rate in %

 

2.9

 

2.8

 

0.1 pp

 

2.4

Monthly in-place rent in €/m2

 

6.19

 

5.94

 

4.2

 

6.02

Organic rent increase in %

 

3.9

 

2.8

 

1.1 pp

 

3.3

Number of employees (as of Sep. 30/Dec. 31)

 

8,378

 

7,074

 

18.4

 

7,437

EPRA Key Figures in € million

 

Sep. 30, 2017

 

Sep. 30, 2016

 

Change in %

 

Dec. 31, 2016

*

Based on the shares carrying dividend rights on the reporting date September 30, 2017: 485,100,826, September 30, 2016: 466,000,624, Dec. 31, 2016: 466,000,624

EPRA NAV

 

19,195.3

 

13,735.8

 

39.7

 

17,047.1

EPRA NAV per share in €*

 

39.57

 

29.48

 

34.2

 

36.58