Overview
- Vonovia said Q1 adjusted EBITDA rose 1.4% to about €712 million, while adjusted profit to shareholders fell 7.2% to roughly €366 million due to higher financing costs, and it reaffirmed full-year guidance.
- Strong demand kept homes nearly fully let, with average rents at €8.26 per square meter across Germany and €8.46 across the group, both up 3.8% year over year, and a national vacancy rate of 1.9%.
- Ancillary services such as handyman work and energy sales added to the increase in operating results alongside rental income.
- The company manages about 471,000 apartments in Germany and around 531,000 across Germany, Sweden, and Austria.
- Regional data show about 138,000 units in Berlin with 0.8% vacancy, the highest average rent in Munich at €10.57 per square meter, the lowest in Bremen at €7.27, and the highest vacancy in Hannover at 3.3%.