Shares in Vonovia

Although Vonovia’s share price fell by approximately 4% in the 2018 fiscal year, dropping from a closing price of € 41.39 on December 31, 2017, to a closing price of € 39.59 on December 31, 2018, Vonovia’s shares significantly outperformed the German leading index, the DAX, the index and the eurozone real estate industry as a whole in the course of the year.

We believe that the environment for the German residential real estate sector remains positive in general. In our view, the main drivers behind this will be the imbalance between high demand for and a short supply of affordable housing in urban locations, the ongoing favorable environment of low interest rates and a continued keen interest in German residential real estate.

Vonovia’s market capitalization amounted to € 20.5 billion at the end of 2018.

Share Price Development

Share Price Development (Linechart)

Long-term Yield

An investor who bought shares in Vonovia when the company went public in 2013 and has held them ever since, reinvesting each dividend in more shares in Vonovia, will have seen the value of his/her securities deposit account increase by approx. 180% by December 2018, achieving a result that far outstrips the performance of an investment in the benchmark indices.

Long-term Yield

Long-Term Yield (Linechart)

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Successful Development of Vonovia’s Shares Over a Period of Several Years

 

 

2013

 

2014

 

2015

 

2016

 

2017

 

2018

 

*

Values are TERP-adjusted.

**

Dividend proposed to the Annual General Meeting.

Source of share prices: Factset

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annual closing price (€)

 

17.13*

 

26.75*

 

28.55

 

30.91

 

41.39

 

39.59

 

High (€)

 

18.79*

 

26.75*

 

33.23

 

36.81

 

41.88

 

44.70

 

Low (€)

 

16.75*

 

17.13*

 

24.19

 

24.99

 

29.96

 

36.20

 

No. of shares as of Dec. 31

 

224,242,425*

 

271,622,425*

 

466,000,624

 

466,000,624

 

485,100,826

 

518,077,934

 

Market cap as of Dec. 31 (€ billion)

 

3.84*

 

7.3*

 

13.3

 

14.4

 

20.1

 

20.5

 

Average transaction volume per day (VWAP in € million)

 

1.3*

 

12.3*

 

45.2

 

41.2

 

47.6

 

55.8

 

Dividend per share (€)

 

0.67*

 

0.74*

 

0.94

 

1.12

 

1.32

 

1.44**

 

Dividend yield (%)

 

3.9

 

2.8

 

3.3

 

3.6

 

3.2

 

3.6

 
EPRA (European Public Real Estate Association)
The European Public Real Estate Association (EPRA) is a non-profit organization that has its registered headquarters in Brussels and represents the interests of listed European real estate companies. Its mission is to raise awareness of European listed real estate companies as a potential investment destination that offers an alternative to conventional investments. EPRA is a registered trademark of the European Public Real Estate Association.