Key Figures

(without BUWOG unless otherwise indicated)

Financial Key Figures in € million

 

9M 2017

 

9M 2018

 

Change in %

 

12M 2017

Rental income

 

1,249.4

 

1,287.6

 

3.1

 

1,667.9

Adjusted EBITDA Operations

 

922.1

 

976.2

 

5.9

 

1,224.2

Adjusted EBITDA Rental

 

865.9

 

912.0

 

5.3

 

1,150.0

Adjusted EBITDA Value-add Business

 

76.0

 

90.7

 

19.3

 

102.1

Adjusted EBITDA Other

 

-19.8

 

-26.5

 

33.8

 

-27.9

Income from disposal of properties*

 

951.2

 

673.6

 

-29.2

 

1,206.4

Adjusted EBITDA Sales

 

81.3

 

87.0

 

7.0

 

110.8

Adjusted EBITDA

 

1,003.4

 

1,063.2

 

6.0

 

1,335.0

EBITDA IFRS*

 

945.5

 

1,075.4

 

13.7

 

1,271.8

thereof adjusted EBITDA BUWOG*

 

 

91.8

 

 

FFO 1

 

690.5

 

778.2

 

12.7

 

920.8

thereof attributable to Vonovia shareholders

 

650.6

 

739.8

 

13.7

 

866.2

thereof attributable to Vonovia hybrid capital investors

 

30.0

 

30.0

 

 

40.0

thereof attributable to non-controlling interests

 

9.9

 

8.4

 

-15.2

 

14.6

FFO 2

 

748.0

 

854.3

 

14.2

 

1,012.4

AFFO

 

640.2

 

703.8

 

9.9

 

835.1

FFO 1 per share in €**

 

1.42

 

1.50

 

5.6

 

1.90

Net income from fair value adjustments of investment properties*

 

1,164.7

 

1,386.7

 

19.1

 

3,434.1

EBT*

 

1,869.0

 

2,127.8

 

13.8

 

4,007.4

Profit for the period*

 

1,205.2

 

1,399.0

 

16.1

 

2,566.9

Cash flow from operating activities*

 

719.0

 

876.0

 

21.8

 

946.0

Cash flow from investing activities*

 

-1,165.2

 

-3,781.1

 

224.5

 

-1,350.1

Cash flow from financing activities*

 

-754.8

 

3,146.2

 

 

-870.5

Maintenance and modernization

 

752.8

 

935.1

 

24.2

 

1,124.8

thereof for maintenance expenses and capitalized maintenance

 

244.2

 

278.7

 

14.1

 

346.2

thereof for modernization (incl. new construction)

 

508.6

 

656.4

 

29.1

 

778.6

Key Balance Sheet Figures in € million

 

Sept. 30, 2017

 

Sept. 30, 2018

 

Change in %

 

Dec. 31, 2017

Fair value of the real estate portfolio*

 

30,948.1

 

41,948.6

 

35.5

 

33,436.3

Adjusted NAV*

 

16,263.5

 

20,967.2

 

28.9

 

18,671.1

Adjusted NAV per share in €**

 

33.53

 

40.47

 

20.7

 

38.49

LTV in %*

 

42.4

 

45.1

 

2.7 pp

 

39.8

Non-financial Key Figures

 

9M 2017

 

9M 2018

 

Change in %

 

12M 2017

Number of units managed*

 

413,703

 

484,363

 

17.1

 

409,275

thereof own apartments*

 

350,134

 

400,735

 

14.5

 

346,644

thereof apartments owned by others*

 

63,569

 

83,628

 

31.6

 

62,631

Number of units bought*

 

24,847

 

63,450

 

155.4

 

24,847

Number of units sold

 

8,304

 

9,331

 

12.4

 

11,780

thereof Privatize

 

1,704

 

1,666

 

-2.2

 

2,608

thereof Sell portfolio cluster

 

6,600

 

7,665

 

16.1

 

9,172

Vacancy rate in %

 

2.9

 

2.7

 

-0.2 pp

 

2.5

Monthly in-place rent (portfolio Germany) in €/m2

 

6.19

 

6.45

 

4.2

 

6.27

Organic rent increase in %

 

3.9

 

4.1

 

0.2 pp

 

4.2

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

 

8,378

 

9,876

 

17.9

 

8,448

EPRA Key Figures in € million

 

Sept. 30, 2017

 

Sept. 30, 2018

 

Change in %

 

Dec. 31, 2017

*

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

**

Based on the shares carrying dividend rights on the reporting date: Sept. 30, 2017: 485,100,826, Sept. 30, 2018: 518,077,934 and Dec. 31, 2017: 485,100,826.

EPRA NAV*

 

19,195.3

 

24,467.1

 

27.5

 

21,284.6

EPRA NAV per share in €**

 

39.57

 

47.23

 

19.4

 

43.88