Interim Statement Q3 2020

Investor Relations Activities

Vonovia SE is committed to a transparent, ongoing dialogue with its shareholders and potential investors. We are continuing with our road shows and meetings during the coronavirus pandemic, albeit on a virtual basis. In the first nine months of 2020, Vonovia participated in a total of 22 investors’ conferences (18 of them virtual conferences) and organized 21 (of which 18 were virtual) road shows in the most important European and North American financial centers.

In addition, numerous one-on-one meetings, video conferences and conference calls were held with investors and analysts to keep them informed of current developments and special issues.

We will continue to communicate openly with the capital market. Various road shows, conferences and participation in investor forums have already been planned. Information can be found in the Financial Calendar on our Investor Relations website.

Analyst Assessments

28 international analysts currently publish studies on Vonovia on a regular basis (September 30, 2020). The average target share price was € 60.00 as of September 30, 2020. Of these analysts, 61% issued a “buy” recommendation, with 36% issuing a “hold” recommendation and 4% recommending that investors sell the company’s shares.