Vonovia

EQS-News: Stable in a challenging market environment through growth in core business and successful sales

Retrieved on: 
Tuesday, November 7, 2023

7% growth in rental business – Full occupancy - Almost no rent losses – Completion of 1,800 newly built rental units.

Key Points: 
  • 7% growth in rental business – Full occupancy - Almost no rent losses – Completion of 1,800 newly built rental units.
  • Our successful sales and joint venture agreements demonstrate the attractiveness of our portfolio and support our debt reduction,” says Rolf Buch, CEO of Vonovia SE.
  • Sales in all sales categories – New construction projects sold to CBRE for €357 million – Second venture partner agreed.
  • Overall, Vonovia has already generated around €3.7 billion sales revenue for debt reduction through sales and joint venture capital, including €1.7 billion since August.

EQS-News: Vonovia SE: strong rental business in Q2 2023 – Refinancing already covered until well into 2024

Retrieved on: 
Friday, August 4, 2023

Core rental business grows at around 10% in second quarter of 2023 – Virtually full rental occupancy – High customer satisfaction – Full-year 2023 guidance confirmed.

Key Points: 
  • Core rental business grows at around 10% in second quarter of 2023 – Virtually full rental occupancy – High customer satisfaction – Full-year 2023 guidance confirmed.
  • Bochum, 4 August 2023 – Vonovia SE reports a very good result in the rental business in the second quarter of 2023 and has confirmed its full-year guidance for 2023.
  • In July 2023, Vonovia partially repurchased 17 bonds maturing from 2024 onwards with a nominal value of €1.0 billion, at a discount of 11%.
  • According to current data from real estate portals, demand for rental flats remained high throughout Germany in Q2 2023.

EQS-News: Vonovia SE Successfully Completes Tender Offer for Outstanding Bonds at a 11% Discount

Retrieved on: 
Tuesday, July 11, 2023

Bochum, July 11, 2023 – As part of the continued efforts to pro-actively manage its financial liabilities, Vonovia has successfully completed a cash tender offer across various of its bonds.

Key Points: 
  • Bochum, July 11, 2023 – As part of the continued efforts to pro-actively manage its financial liabilities, Vonovia has successfully completed a cash tender offer across various of its bonds.
  • €1.25bn total nominal value offered by bond investors, Vonovia accepted the buyback of €1.0bn nominal value for a total cash consideration of €892m, reflecting a discount of ca.
  • The 2024-2026 bonds were bought back at a fixed price/spread, and Vonovia accepted all offers received for a total nominal value of ca.
  • Following the bond buyback, Vonovia now has unsecured debt of €1.4bn outstanding in 2023 and €1.9bn in 2024.

EQS-News: Vonovia makes a solid start into the new financial year with a healthy core business and sells properties to CBRE Investment Management for €560 million

Retrieved on: 
Thursday, May 4, 2023

Financial results per March 31, 2023

Key Points: 
  • Financial results per March 31, 2023
    Vonovia sells five real estate portfolios to CBRE Investment Management for €560 million.
  • Bochum, May 4, 2023 – Vonovia today sold real estate portfolios to CBRE Investment Management for around €560 million.
  • The book value of the properties as of Dec. 31, 2022, and the anticipated costs for completion amount to around €600 million.
  • Jürgen Fitschen, Chairman of the Supervisory Board of Vonovia SE: “We are delighted to have Ruth Werhahn join Vonovia’s Management Board.

EQS-News: Vonovia publishes Sustainability Report 2022: Carbon neutrality by 2045 remains important goal

Retrieved on: 
Friday, April 28, 2023

Vonovia publishes Sustainability Report 2022: Carbon neutrality by 2045 remains important goal

Key Points: 
  • Vonovia publishes Sustainability Report 2022: Carbon neutrality by 2045 remains important goal
    The issuer is solely responsible for the content of this announcement.
  • Vonovia publishes Sustainability Report 2022: Carbon neutrality by 2045 remains important goal
    Climate protection measures geared to the 1.5° target.
  • Vonovia SE (“Vonovia”) presented its sustainability report for the year 2022 today.
  • However, we must not lose sight of sustainability and climate protection being the most important topics of our time.

EQS-News: Vonovia SE: Vonovia’s economic development is robust and adapting to changes in its general environment

Retrieved on: 
Thursday, March 16, 2023

Operating within a challenging environment, the company recorded a positive year-on-year development in corporate KPIs.

Key Points: 
  • Operating within a challenging environment, the company recorded a positive year-on-year development in corporate KPIs.
  • Despite a challenging market environment, Vonovia’s economic performance was positive in the 2022 financial year.
  • Overall, Vonovia is optimistic about the future and is expecting the market environment for residential properties to pick up again in the medium term.
  • For the financial year, Vonovia is forecasting to increase total segment revenues to a level between €6.4 billion and €7.2 billion.

EQS-News: Vonovia SE: Vonovia invests in Gropyus

Retrieved on: 
Thursday, February 2, 2023

A clear statement for the European housing sector: Vonovia invests in affordable serial construction and digital building operation.

Key Points: 
  • A clear statement for the European housing sector: Vonovia invests in affordable serial construction and digital building operation.
  • GROPYUS AG and Vonovia SE are taking the next step in their collaboration.
  • In connection with this investment, Daniel Riedl, the Vonovia SE board member responsible for development and new construction projects, will be appointed to the supervisory board of GROPYUS AG.
  • “We are delighted that we have been able to impress Europe's largest residential real estate company, Vonovia, with our products.

EQS-News: Vonovia SE: Clara C. Streit to take over as Chair of Vonovia’s Supervisory Board in 2023

Retrieved on: 
Sunday, December 18, 2022

Bochum, 8 December 2022 – Following the AGM on 17 May 2023, the Supervisory Board of Vonovia SE intends to appoint Clara C. Streit – subject to her re-election – as Chair of the company’s Supervisory Board.

Key Points: 
  • Bochum, 8 December 2022 – Following the AGM on 17 May 2023, the Supervisory Board of Vonovia SE intends to appoint Clara C. Streit – subject to her re-election – as Chair of the company’s Supervisory Board.
  • This was decided unanimously by the Supervisory Board at its ordinary meeting today.
  • Clara C. Streit will be taking over from Jürgen Fitschen who decided in November not to stand for re-election, due to Vonovia’s age limit of 75.
  • Clara C. Streit (53) has been a member of Vonovia's Supervisory Board since June 2013 and has chaired the Finance Committee and been a member of the Executive and Nomination Committee since that time.

EQS-News: Vonovia SE: development remains stable and confirms forecast for year as a whole

Retrieved on: 
Monday, November 7, 2022

Bochum, 4 November 2022 Vonovia SE (Vonovia) continued its stable development during the first nine months of 2022.

Key Points: 
  • Bochum, 4 November 2022 Vonovia SE (Vonovia) continued its stable development during the first nine months of 2022.
  • On this basis, the company has confirmed its forecast for the full financial year 2022 and is anticipating a stable development for 2023.
  • At the same time, climate change will require decisive action, says Rolf Buch, CEO of Vonovia.
  • In economic terms, Vonovia has continued the positive development it saw during the first half of the year.

DGAP-News: Vonovia SE: Vonovia remained a guarantor of stability in turbulent times during the first half of 2022

Retrieved on: 
Wednesday, August 3, 2022

Its an important message, especially in turbulent times for our tenants, our workforce and our investors, says Rolf Buch, CEO of Vonovia.

Key Points: 
  • Its an important message, especially in turbulent times for our tenants, our workforce and our investors, says Rolf Buch, CEO of Vonovia.
  • Vonovias segment revenue total rose by 34.5%, from 2,312.3m in the first half of 2021 to 3,111m in the first half of 2022.
  • During the first half of 2022, Vonovia sold 1,253 flats (1st half of 2021:1,865) in the Recurring Sales segment.
  • During the first half of 2022, Vonovia invested 1,100.7m in maintenance, modernisation and new builds (1st half of 2021: 868.0m).