Overview

• Vonovia aims to boost operational profit by 30% by 2028, targeting €3.2 to €3.5 billion, leveraging its market leadership and modernization strategies.
• The company reduced its 2024 net loss to €962 million, a significant improvement from the €6.8 billion loss in 2023 during the real estate crisis.
• Vonovia plans to increase its dividend to €1.22 per share for 2024, up from €0.90 in 2023, despite ongoing financial losses.
• Rising interest rates and construction costs linked to Germany's €500 billion infrastructure plan may delay some capital-intensive projects.
• Average rents rose 3.5% in 2024 to €8.01 per square meter, driven by high demand in urban areas, fueling both growth and public criticism over affordability.