Based on the first nine months, 2017 is proving to be a very successful year for Vonovia. With over € 500 million invested in modernizing our properties as well as in new construction projects, the investment program is the driver of our organic growth of almost 4%. The conwert portfolio has been fully integrated in operational terms and Value-add Business showed positive development in the first nine months of the year, as expected. Thanks to these success stories, FFO 1 rose by 20.8% as against the same period in the previous year.

Increase in Sustained Earnings


FFO 1 (Bar chart)

Sharp Rise in Modernization Investments


Investments (Bar chart)

Organic Rent Growth

Organic Increase in Rent

Organic Increase in Rent (Bar chart)

Vacancy Rate up Slightly due to Investments

Vacancy Rate

Vacancy Rate (Bar chart)

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


EPRA NAV (Bar chart)

Growth in Property Assets Following Increase in Value and conwert

Fair Value of Real Estate Portfolio

Fair Value of Real Estate Portfolio (Bar chart)