Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh (VONOY)
OTHER OTC:VONOY
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Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.25Last Year’s EPS
0.21Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly constructive operational picture: core Rental performance remained robust (occupancy, rent collection, organic rent growth) and Value‑Add accelerated strongly, supporting near‑term earnings momentum. Group adjusted EBITDA showed solid underlying growth once Q1 phasing effects are adjusted. Management confirmed 2026 guidance and reiterated 2028 objectives, and they announced strategic partnerships and operational levers (serial construction, energy rollout) that should drive future growth. Offsetting factors include lower sales/disposal volumes in Q1 due to timing, higher interest expense (≈EUR 20m), short‑term operating free cash flow pressure from investments (~EUR 250m combined effect), and leverage that, while improving, remains above target levels. Macro/financing risk from geopolitical tensions and some dependence on opportunistic land sales for capital release are notable cautions. Overall, positives and visible operational momentum outweigh the transitory and financial headwinds.Company Guidance
Strong Rental Segment Performance
Adjusted EBITDA in the Rental segment grew 6.3% to EUR 630 million despite ~4,000 fewer units year-over-year; supported by ~4% organic rent growth, ~98% occupancy and >99% rent collection.
Value‑Add Segment Acceleration
Value‑Add EBITDA increased ~30% year-over-year to EUR 50 million, driven by higher contributions from the craftsman organization and a fast-growing energy business (PV + heat pump initiatives).
Recurring Sales High Margin and Clear Volume Guidance
Q1 Recurring Sales delivered a very high margin of 42% despite lower disposal volume (c.250-unit phasing effect vs prior year); management reiterates full‑year target of 3,000–3,500 unit disposals for 2026 and expects ramp-up through the year.
Group Adjusted EBITDA Growth (Reported and Adjusted)
Total adjusted EBITDA rose 1.4% to EUR 712 million; when adjusting for Q1 phasing effects (large prior-year land-sale), adjusted EBITDA grew nearly 10%, indicating underlying momentum across segments.
Strategic Partnerships and Operational Initiatives
Entered two strategic partnerships for mass production of heat pump cubes and serial modernization; continued ramp-up of serial construction methods (quoted full cost example ~EUR 3,500) to reduce construction costs and accelerate development pipeline.
Debt KPI Improvements
Net debt/EBITDA improved by 0.1 turns to 13.7x and LTV declined 30 basis points to 45.1%; ICR slightly down by 0.1x but described as remaining in a safe range.
Confirmation of Guidance and 2028 Objectives
Management confirmed 2026 guidance and reiterated 2028 growth and deleveraging objectives (target LTV ~43% by 2028 and continued EBITDA growth run‑rate ~EUR 200 million/year).
Valuation Outlook
Management and external appraisers expect net portfolio valuation gains in H1/2026 in the range of ~2%–4% (excluding CapEx-driven valuation increases).
Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh (VONOY) Earnings, Revenues Date & History
VONOY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VONOY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $13.50 | $13.34 | -1.18% |
Mar 19, 2026 | $14.15 | $12.44 | -12.12% |
Nov 05, 2025 | $14.70 | $14.51 | -1.29% |
Aug 06, 2025 | $15.82 | $16.46 | +4.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh (VONOY) report earnings?
Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh (VONOY) is schdueled to report earning on Aug 05, 2026, TBA (Confirmed).
What is Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh (VONOY) earnings time?
Vonovia SE Shs Unsponsored American Depositary Receipt Repr 1/2 Sh (VONOY) earnings time is at Aug 05, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is VONOY EPS forecast?
VONOY EPS forecast for the fiscal quarter 2026 (Q2) is 0.25.