Vonovia SE in the Capital Market

• Dividend increased for the seventh time in a row
• Share price performance in 2020: +24.5%
• Admission to DAX 50 ESG and DJSI Europe indices underscores Vonovia’s successful focus on sustainability
• Membership of EURO STOXX 50 illustrates international significance and perception of Vonovia’s shares

Developments on the International Capital Markets

The global coronavirus pandemic had a huge impact on the international capital markets from February 2020 onwards. At the end of 2020, the capital markets, as well as the German leading index DAX, were showing clear signs of a recovery. While the DAX shed around 25% in the first quarter of 2020, the loss incurred by the DAX as against December 31, 2019, came to only 3% by September 30, 2020. The DAX moved largely sideways in the fourth quarter of 2020, closing the year up by 3.5%.

Developments varied very considerably from sector to sector in the course of 2020. The tourism, leisure and events industries as well as the aircraft manufacturing sector suffered the heftiest losses. Varying developments also emerged within the real estate sector: The EPRA index, for example, which serves as a barometer for European real estate stocks, slid by 11% in 2020. This negative development can be attributed primarily to the drastic share price losses affecting commercial, hotel and office real estate companies, which were dealt a particularly hefty blow by income losses. German residential real estate stocks, on the other hand, once again proved to be stable.

Sector Development in 2020