Vonovia successfully continued its positive business development in the third quarter of 2018. With over € 650 million invested in modernization and new construction projects, the investment program continues to be the driver of our organic growth. The expansion of our portfolio in Sweden and Austria significantly strengthened our market position.

Further Increase in Sustained Earnings


FFO 1 (Bar chart)

Further Increase in Maintenance and Modernization Services


Investments (Bar chart)

Organic Rent Growth

Organic Increase in Rent

Organic Increase in Rent (Bar chart)

Vacancy Rate Lowered

Vacancy Rate

Vacancy Rate (Bar chart)

Increase in Net Assets


EPRA NAV (Bar chart)

Growth in Property Assets Following Revaluation and Inclusion
of BUWOG and Victoria Park

Fair value of the real estate portfolio

Fair Value of the Real Estate Portfolio (Bar chart)