Portfolio Information

Vonovia manages its own real estate portfolio with a fair value of € 53.2 billion as of March 31, 2020. The majority of our apartments are located in regions with positive economic and demographic development prospects.

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Portfolio Structure

Fair value*

March 31, 2020

(in € million)

(in €/m²)

Residential units

Vacancy (in %)

In-place rent (in €/m²)**

*	Fair value of the developed land excluding € 1,836.2 million, of which € 573.3 million for undeveloped land and inheritable building rights granted, € 443.3 million for assets under construction, € 504.2 million for development and € 315.4 million for other.
**	Shown based on the country-specific definition.

Strategic

39,099.4

1,901

323,447

2.6

6.83

Operate

11,058.9

1,909

85,251

2.8

7.23

Invest

28,040.4

1,898

238,196

2.6

6.68

Recurring Sales

3,825.7

2,030

27,589

3.2

6.94

Non-core Disposals

476.7

1,448

3,888

6.5

6.42

Vonovia Germany

43,401.8

1,905

354,924

2.7

6.83

Vonovia Sweden

5,328.1

1,794

38,089

2.6

9.20

Vonovia Austria

2,633.7

1,453

22,310

4.8

4.65

Total

51,363.5

1,864

415,323

2.8

6.94

In order to make the presentation of our portfolio more transparent, we also split our portfolio into 15 regional markets. These markets are core towns/cities and their surroundings, mainly metropolitan areas. Our decision to focus on the regional markets that are particularly relevant to Vonovia is our way of looking ahead to the future and provides an overview of our strategic core portfolio in Germany.

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Breakdown of Strategic Housing Stock by Regional Market

Fair value*

March 31, 2020

(in € million)

(in €/m²)

Residential units

Vacancy (in %)

In-place rent (in €/m²)**

*	Fair value of the developed land excluding € 1,836.2 million, of which € 573.3 million for undeveloped land and inheritable building rights granted, € 443.3 million for assets under construction, € 504.2 million for development and € 315.4 million for other.
**	Shown based on the country-specific definition.

Regional market

Berlin

7,478.5

2,685

42,271

1.4

6.88

Rhine Main Area

4,434.1

2,491

27,428

1.7

8.37

Southern Ruhr Area

3,881.0

1,432

43,491

3.4

6.25

Rhineland

3,842.4

1,980

28,508

2.4

7.30

Dresden

3,606.4

1,572

38,519

3.6

6.26

Hamburg

2,766.9

2,158

19,758

1.9

7.25

Munich

2,285.0

3,500

9,665

1.4

8.29

Stuttgart

2,127.0

2,393

13,753

1.7

8.06

Kiel

2,109.5

1,528

23,220

2.4

6.43

Hanover

1,881.4

1,798

16,264

2.7

6.77

Northern Ruhr Area

1,701.9

1,068

25,505

3.7

5.86

Bremen

1,192.2

1,610

11,852

3.2

5.99

Leipzig

959.9

1,548

9,179

3.8

6.12

Westphalia

914.3

1,465

9,475

3.3

6.28

Freiburg

660.7

2,368

4,041

2.2

7.56

Other strategic locations

2,913.2

1,681

26,773

3.5

6.79

Total strategic locations Germany

42,754.3

1,913

349,702

2.7

6.84

Fair Value

Fair value is particularly relevant with regard to valuation in accordance with IAS 40 in conjunction with IFRS 13. The fair value is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transaction.

Interim Statement Q1 2020

Service

Portfolio Information