Strong H1 Performance
Vonovia reported a strong first half with a 1.3% like-for-like value growth of their standing portfolio and double-digit growth in EBITDA, EBITA, and operating free cash flow.
Organic Rent Growth
The Rental segment reported organic rent growth of 4.4% year-on-year, contributing to the company's strong performance.
Increased Guidance
Vonovia increased its 2025 guidance: organic rent growth greater than 4%, adjusted EBITDA range increased by EUR 100 million, and rental income expected at the upper end of the guided range.
Successful Financing Management
The company successfully managed its financing position with EUR 1.3 billion of convertibles at attractive cash coupons and a bond buyback with an aggregate volume of EUR 800 million.
Deutsche Wohnen Integration
The DPLTA process between Vonovia and Deutsche Wohnen has been completed, allowing full integration and potential leverage of the larger scale.