Key Figures

(without BUWOG and without Victoria Park unless otherwise indicated)

Financial Key Figures in € million

 

H1 2017

 

H1 2018

 

Change in %

 

12M 2017

Rental income

 

833.2

 

838.8

 

0.7

 

1,667.9

Adjusted EBITDA Operations

 

607.6

 

632.6

 

4.1

 

1,224.2

Adjusted EBITDA Rental

 

573.5

 

597.0

 

4.1

 

1,150.0

Adjusted EBITDA Value-add Business

 

45.6

 

51.7

 

13.4

 

102.1

Adjusted EBITDA Other

 

-11.5

 

-16.1

 

40.0

 

-27.9

Income from disposal of properties

 

701.9

 

354.2

 

-49.5

 

1,206.4

Adjusted EBITDA Sales

 

44.3

 

48.3

 

9.0

 

110.8

Adjusted EBITDA

 

651.9

 

680.9

 

4.4

 

1,335.0

EBITDA IFRS*

 

651.4

 

692.8

 

6.4

 

1,271.8

thereof EBITDA IFRS BUWOG*

 

 

40.7

 

 

FFO 1

 

457.7

 

510.3

 

11.5

 

920.8

thereof attributable to Vonovia shareholders

 

431.1

 

484.7

 

12.4

 

866.2

thereof attributable to Vonovia hybrid capital investors

 

20.0

 

20.0

 

 

40.0

thereof attributable to non-controlling interests

 

6.6

 

5.6

 

-15.2

 

14.6

FFO 2

 

481.9

 

544.8

 

13.1

 

1,012.4

AFFO

 

427.2

 

461.2

 

8.0

 

835.1

FFO 1 per share in €**

 

0.96

 

0.98

 

2.5

 

1.90

Net income from fair value adjustments of investment properties*

 

1,164.7

 

1,372.9

 

17.9

 

3,434.1

EBT*

 

1,652.6

 

1,846.7

 

11.7

 

4,007.4

Profit for the period*

 

1,064.6

 

1,200.0

 

12.7

 

2,566.9

Cash flow from operating activities*

 

475.4

 

513.5

 

8.0

 

946.0

Cash flow from investing activities*

 

-1,179.0

 

-3,158.7

 

167.9

 

-1,350.1

Cash flow from financing activities*

 

-459.1

 

3,244.8

 

 

-870.5

Maintenance and modernization

 

456.4

 

542.4

 

18.8

 

1,124.8

thereof for maintenance expenses and capitalized maintenance

 

158.8

 

182.1

 

14.7

 

346.2

thereof for modernization (incl. new construction)

 

297.6

 

360.3

 

21.1

 

778.6

Key Balance Sheet Figures in € million

 

June 30, 2017

 

June 30, 2018

 

Change in %

 

Dec. 31, 2017

Fair value of the real estate portfolio*

 

30,830.2

 

41,732.3

 

35.4

 

33,436.3

Adjusted NAV*

 

15,771.0

 

20,634.4

 

30.8

 

18,671.1

Adjusted NAV per share in €**

 

33.10

 

39.83

 

20.3

 

38.49

LTV in %*

 

43.2

 

43.9

 

0.7 pp

 

39.8

Non-financial Key Figures

 

H1 2017

 

H1 2018

 

Change in %

 

12M 2017

Number of units managed*

 

416,282

 

486,531

 

16.9

 

409,275

thereof own apartments*

 

352,815

 

403,926

 

14.5

 

346,644

thereof apartments owned by others*

 

63,467

 

82,605

 

30.2

 

62,631

Number of units bought*

 

23,745

 

63,444

 

167.2

 

24,847

Number of units sold

 

4,484

 

6,115

 

36.4

 

11,780

thereof Privatize

 

1,160

 

1,030

 

-11.2

 

2,608

thereof Sell portfolio cluster

 

3,324

 

5,085

 

53.0

 

9,172

Vacancy rate in %

 

2.9

 

2.8

 

-0.1 pp

 

2.5

Monthly in-place rent in €/m2

 

6.12

 

6.41

 

4.7

 

6.27

Organic rent increase in %

 

3.7

 

4.1

 

0.4 pp

 

4.2

Number of employees (as of June 30/Dec. 31)*

 

8,257

 

9,685

 

17.3

 

8,448

EPRA Key Figures in € million

 

June 30, 2017

 

June 30, 2018

 

Change in %

 

Dec. 31, 2017

*

All values without BUWOG and without Victoria Park except key figures marked separately with*.

**

Based on the shares carrying dividend rights on the reporting date: June 30, 2018: 518,077,934, June 30, 2017: 476,460,248, December 31, 2017: 485,100,826.

EPRA NAV*

 

18,702.8

 

24,238.3

 

29.6

 

21,284.6

EPRA NAV per share in €**

 

39.25

 

46.79

 

19.2

 

43.88