Vonovia (VNA) Corporate presentation summary

Market position and portfolio

• Leading European residential real estate provider with ~531,000 apartments focused on urban growth regions and middle-income tenants.

• Largest European real estate value with a market capitalization of ~€17 billion and property assets of ~€85 billion.

Business model and growth strategy

• Covers the full property lifecycle: rental, asset management, value-add services, development, and recurring sales.

• Scalable business model with a focus on performance, technological innovation, and sustainable energy investments.

• Strategy includes acquisition, modernization, and resale of unsanitary stock, and industrialized construction methods.

Market environment and trends

• Persistent supply-demand imbalance in housing, with a need for 320,000 new apartments annually in Germany.

• Market supported by megatrends: demographic change, climate action, and urbanization.

• Significant investment required for decarbonization and age-appropriate housing.