Overview

Positive business development in the first nine months of 2020 despite ongoing coronavirus pandemic
Tenant services still available in full
Continued focus on preventing social hardship among tenants
Temporary slight impact of the coronavirus on modernization and new construction activities

Vonovia achieved stable business development in the first nine months of 2020 despite the coronavirus pandemic. Group FFO increased considerably by 8.9% from € 932.8 million in the first nine months of 2019 to € 1,015.9 million in the first nine months of 2020 due to acquisitions.

Sustained Earnings

Group FFO

Maintenance, Modernization and New Construction

Investments

Organic Rent Growth

Vacancy

Vacancy Rate

Net Assets

Adjusted NAV

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.