Investor Relations Activities

In the first nine months of 2018, Vonovia participated in a total of 19 investors’ conference days and organized 18 roadshow days in the most important European, Asian and North American financial centers. In addition, our company representatives held numerous one-on-one meetings and conference calls with investors and analysts to keep them informed of current developments and special issues. Active participation in various shareholder association forums is also a key component of our IR work.

In order to provide information, the Investor Relations team and their colleagues from the operational areas once again gave numerous property tours to interested members of the financial community.

Analyst Assessments

At the end of the third quarter of 2018, 32 national and international analysts were covering Vonovia. As of September 30, 2018, two of these brokers have currently suspended their coverage of Vonovia due to the ongoing takeovers. The average target share price was € 46.60, with 60% of analysts issuing a “buy” recommendation, 37% issuing a “hold” recommendation and 3% issuing a “sell” recommendation.