Overview
- Positive business development despite ongoing coronavirus pandemic
- Tenant services available in full with no significant disruption of business operations
- Continued focus on preventing social hardship
- Impact of the coronavirus on modernization and new construction activities only temporary
Vonovia achieved stable business development in the first half of 2020 in spite of the coronavirus pandemic. Group FFO increased by 11.0% from € 609.1 million in the first half of 2019 to € 676.3 million in the first half of 2020, largely due to acquisitions.
Sustained Earnings
Group FFO
Maintenance, Modernization and New Construction
Investments
Organic Rent Growth
Organic Rent Growth
Vacancy
Vacancy Rate
Net Assets
Adjusted NAV
Fair Value of the Real Estate Portfolio
Fair Value of the Real Estate Portfolio
Group FFO
Group FFO reflects the recurring earnings from the operating business. In addition to the adjusted EBITDA for the Rental, Value-add, Recurring Sales and Development segments, Group FFO allows for recurring current net interest expenses from non-derivative financial instruments as well as current income taxes. This key figure is not determined on the basis of any specific international reporting standard but is to be regarded as a supplement to other performance indicators determined in accordance with IFRS.