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*

Dec. 31, 2020

Residential units

Living area
(in thou. m²)

Dec. 31, 2019
(p.a. in € million)

Dec. 31, 2020
(p.a. in € million)

Change
(in %)

Strategic

317,199

19,692

1,598.6

1,635.3

2.3

Operate

102,580

6,404

540.8

556.1

2.8

Invest

214,619

13,289

1,057.8

1,079.1

2.0

Recurring Sales

25,545

1,706

142.2

144.7

1.7

Non-core Disposals

1,230

8.1

8.3

2.4

Vonovia Deutschland

343,974

21,492

1,748.9

1,788.2

2.2

Vonovia Schweden

37,177

2,663

315.9

329.0

4.1

Vonovia Österreich

20,661

1,542

85.5

87.3

2.1

Gesamt

401,812

25,697

2,150.3

2,204.6

2.5

* The underlying portfolio has a fair value of € 52,353.2 million.

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Residential in-place rent like-for-like*

Regional Market

Residential units

Living area
(in thou. m²)

Dec. 31, 2019
(p.a. in € million)

Dec. 31, 2020
(p.a. in € million)

Change
(in %)

Berlin

41,525

2,642

216.8

207.9

–4.1

Rhine Main area

26,776

1,709

170.7

176.2

3.2

Southern Ruhr area

41,989

2,580

191.1

199.1

4.2

Rhineland

27,733

1,843

160.2

164.6

2.8

Dresden

37,297

2,129

158.9

162.0

1.9

Hamburg

19,303

1,228

105.6

109.8

3.9

Kiel

22,773

1,312

100.4

103.6

3.2

Munich

9,497

625

61.9

63.5

2.6

Stuttgart

13,326

837

80.2

82.0

2.2

Hanover

15,811

1,000

80.7

83.3

3.2

Northern Ruhr area

24,317

1,503

105.0

108.1

2.9

Bremen

11,419

694

49.3

50.7

2.7

Leipzig

8,828

568

41.6

42.5

2.2

Westphalia

9,174

598

44.5

46.9

5.4

Freiburg

3,997

273

24.6

25.3

2.8

Other strategic locations

25,706

1,634

132.3

137.5

3.9

Total strategic locations Germany

339,471

21,175

1,723.9

1,762.8

2.3

Non-strategic locations

4,503

317

25.0

25.4

1.7

Vonovia Germany