Added to YB: 2026-08-10
Pitch date: 2026-08-06
VNA.DE [neutral]
Vonovia SE
+1.01%
current return
Author Info
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Company Info
Vonovia SE operates as an integrated residential real estate company in Europe. The company operates through Rental, Value-Add, Recurring Sales, and Development segments.
Market Cap
EUR 17.6B
Pitch Price
EUR 20.84
Price Target
N/A
Dividend
6.03%
EV/EBITDA
25.55
P/E
4.86
EV/Sales
10.65
Sector
Real Estate Management and Development
Category
N/A
Vonovia (VNA Germany): Resilient rental ops
VNA.DE (earnings): H1 rental ops resilient — 3.6% organic rent growth, 2.3% vacancy, ~100% collection. Adj EBITDA up modestly; adj earnings fell on higher interest & minority contributions. Value-add/energy expanding; residential dev weak. Property values recovering, deleveraging on track via refi & disposals. 2026/2028 targets reaffirmed; FY organic rent guide cut slightly on conservative Berlin approach.
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