Annual Report 2019

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.

 

 

 

 

Residential in-place rent like-for-like*

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
(in %)

*

The underlying portfolio has a fair value of € 45,272.3 million.

 

 

 

 

 

 

 

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

 

 

 

 

Residential in-place rent like-for-like*

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
(in %)

*

The underlying portfolio has a fair value of € 45,272.3 million.

 

 

 

 

 

 

 

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