Net Asset Value
Vonovia’s net asset value (NAV) figures are based on the best practice recommendations of the EPRA (European Public Real Estate Association). At the end of the first half of 2020, the EPRA NAV, by EPRA definition, came to € 31,078.2 million, up by 5.0% on the value of € 29,592.5 million seen at the end of 2019. EPRA NAV per share increased from € 54.57 at the end of 2019 to € 57.31 at the end of the first half of 2020. The Adjusted NAV of € 29,673.2 million at the end of the first half of 2020 was an increase of 5.4% over € 28,161.9 million at the end of 2019. This represents an increase of 5.4% in the Adjusted NAV per share from € 51.93 at the end of 2019 to € 54.72 at the end of the first half of 2020.
in € million |
Dec. 31, 2019* |
June 30, 2020 |
Change in % |
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Total equity attributable to Vonovia shareholders |
19,308.3 |
19,985.8 |
3.5 |
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Deffered taxes on investment properties |
10,288.9 |
11,078.6 |
7.7 |
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Fair value of derivative financial instruments** |
1.6 |
22.5 |
>100 |
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Deferred taxes on derivative financial instruments |
-6.3 |
-8.7 |
38.1 |
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EPRA NAV |
29,592.5 |
31,078.2 |
5.0 |
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Goodwill |
-1,430.6 |
-1,405.0 |
-1.8 |
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Adjusted NAV |
28,161.9 |
29,673.2 |
5.4 |
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EPRA NAV per share in €*** |
54.57 |
57.31 |
5.0 |
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Adjusted NAV per share in €*** |
51.93 |
54.72 |
5.4 |