Investor Relations Activities

Vonovia SE is committed to transparent, ongoing dialogue with its shareholders and potential investors. In the first three months of 2019, Vonovia participated in a total of four investors’ conferences and organized seven roadshow days in the most important European and North American financial centers. In addition, numerous one-on-one meetings and conference calls were held with investors and analysts to keep them informed of current developments and particular issues.

The Investor Relations team also organized and carried out property tours for interested investors and analysts on location with people from the operational areas of the company. The aim of these events was to provide the participants with firsthand insight into Vonovia’s real estate portfolio and processes. Investor Relations also held presentations in which they provided detailed information on Vonovia and the situation on the German residential real estate market at an informational event for private shareholders.

We will continue to communicate openly with the capital market. Various roadshows, conferences and participation in investor forums have already been planned. Information can be found in the Financial Calendar on our Investor Relations website.

Analyst Assessments

At present, 30 international analysts publish studies on Vonovia on a regular basis (as of March 31, 2019). The average target share price was € 49.60 as of March 31, 2019. Of these analysts, 75% issued a “buy” recommendation, with 21% issuing a “hold” recommendation and 4% recommending that investors sell the company’s shares. One analyst has currently suspended coverage of Vonovia due to previous acquisitions.