Act reliably
Our Annual Report
Overview
- Strong operational performance.
- Financial performance in line with expectations for Q1.
- Maintenance, modernization investments, and new construction rise by 8% in the first quarter.
- For the year 2026, Vonovia continues to expect strong growth from the ramp-up of new development projects, disposals of development projects as well as opportunistic land sales.
- Confident for remainder of the year and for 2028 objectives.
Loading...
Luka Mucic, CEO:
“We have had a good start into 2026 and a strong performance in our core operations with more than 6% Adj. EBITDA growth in our Rental segment and 30% Adj. EBITDA growth in our Value-add segment. Market fundamentals remain very supportive, and we are confident not only for the remainder of this year but also with a view towards our 2028 growth and deleveraging objectives, as our rental business remains a rock-solid foundation and our non-rental activities will continue to accelerate their momentum.”
“We are at the center of a crucial megatrend – affordable housing – and we are the market leader in this very critical infrastructure segment. We cover the whole life cycle including new constructions and best-in-class full-service management. In doing so, we are and will remain a reliable and fair partner for our tenants because we are fully aware of our special responsibility that we take very seriously. That is why customer satisfaction is a key metric we monitor closely. At 75.2% for Q1 it remains at very high levels for our sector. We will not relent in our efforts to become even better and to further optimize the services we offer our customers.”
Loading...
Philip Grosse, CFO:
“All our debt KPIs are at comfortable levels and will continue to move towards our leverage targets. Our access to the market remains excellent. After an encouraging start into 2026 the war in the Middle East has led to increased volatility and slightly higher financing rates for now. At the current level, we’re still in line with our expectations for medium and longer-term financing costs, and we will monitor the situation closely.”
