Like-for-like Rent Increases
The following tables provide an overview of the like-for-like rent increases in the company’s residential property portfolio.
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|
|
|
Residential in-place rent like-for-like* |
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|---|---|---|---|---|---|---|---|---|
Dec. 31, 2019 |
Residential units |
Living area (in thou. m2) |
Residential in-place rent (p.a. in € million) |
Dec. 31, 2018 (in €/m2) |
Dec. 31, 2019 (in €/m2) |
Change |
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|
|
|
|
|
|
|
||
Strategic |
321,980 |
19,926 |
1,581.3 |
6.55 |
6.78 |
3.5 |
||
Operate |
83,986 |
5,266 |
434.9 |
6.83 |
7.14 |
4.6 |
||
Invest |
237,994 |
14,660 |
1,146.4 |
6.46 |
6.65 |
3.0 |
||
Recurring Sales |
28,144 |
1,882 |
151.0 |
6.71 |
6.90 |
2.8 |
||
Non-core disposals |
4,195 |
299 |
20.9 |
6.24 |
6.26 |
0.4 |
||
Vonovia Germany |
354,319 |
22,107 |
1,753.2 |
6.56 |
6.78 |
3.4 |
||
Vonovia Sweden |
14,278 |
1,015 |
111.0 |
8.79 |
9.23 |
5.0 |
||
Vonovia Austria |
22,060 |
1,649 |
86.9 |
4.52 |
4.59 |
1.5 |
||
Total |
390,657 |
24,771 |
1,951.1 |
6.52 |
6.74 |
3.4 |
||
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|
|
|
Residential in-place rent like-for-like* |
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|---|---|---|---|---|---|---|---|---|
Regional market |
Residential units |
Living area (in thou. m2) |
Residential in-place rent (p.a. in € million) |
Dec. 31, 2017 (in €/m2) |
Dec. 31, 2018 (in €/m2) |
Change |
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|
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|
|
|
|
|
|
|
||
Berlin |
41,845 |
2,659 |
215.1 |
6.62 |
6.82 |
3.0 |
||
Rhine Main area |
27,369 |
1,746 |
171.2 |
8.06 |
8.31 |
3.0 |
||
Southern Ruhr area |
43,417 |
2,662 |
191.1 |
5.93 |
6.19 |
4.5 |
||
Rhineland |
28,458 |
1,887 |
160.6 |
7.05 |
7.26 |
2.9 |
||
Dresden |
38,382 |
2,182 |
157.6 |
6.02 |
6.23 |
3.4 |
||
Hamburg |
19,798 |
1,251 |
105.5 |
6.93 |
7.16 |
3.4 |
||
Munich |
9,617 |
632 |
61.7 |
8.04 |
8.22 |
2.1 |
||
Stuttgart |
13,776 |
867 |
82.3 |
7.78 |
8.04 |
3.4 |
||
Kiel |
23,191 |
1,334 |
100.0 |
6.14 |
6.39 |
4.0 |
||
Hanover |
16,285 |
1,028 |
81.0 |
6.49 |
6.75 |
4.0 |
||
Northern Ruhr area |
25,559 |
1,580 |
106.7 |
5.65 |
5.82 |
3.2 |
||
Bremen |
11,819 |
714 |
49.1 |
5.67 |
5.93 |
4.7 |
||
Leipzig |
9,185 |
589 |
41.9 |
5.96 |
6.11 |
2.5 |
||
Westphalia |
9,473 |
616 |
44.5 |
5.96 |
6.25 |
4.9 |
||
Freiburg |
4,031 |
276 |
24.5 |
7.31 |
7.49 |
2.5 |
||
Other strategic locations |
26,485 |
1,679 |
131.6 |
6.56 |
6.76 |
3.0 |
||
Total strategic locations Germany |
348,690 |
21,702 |
1,724.4 |
6.57 |
6.79 |
3.4 |
||
Non-strategic locations |
5,629 |
405 |
28.8 |
6.32 |
6.35 |
0.5 |
||
Vonovia Germany |
354,319 |
22,107 |
1,753.2 |
6.56 |
6.78 |
3.4 |
||
Vonovia Sweden |
14,278 |
1,015 |
111.0 |
8.79 |
9.23 |
5.0 |
||
Vonovia Austria |
22,060 |
1,649 |
86.9 |
4.52 |
4.59 |
1.5 |
||
Total strategic locations |
390,657 |
24,771 |
1,951.1 |
6.52 |
6.74 |
3.4 |
||