Current Financial Developments
The current developments at Vonovia are of great interest to investors as they could significantly affect stock prices. In the business year 2024, Vonovia finished positively, with all key figures reaching the upper end of the forecast. The adjusted EBITDA was 2.6 billion euros, and the portfolio was fully rented out. The dividend for 2024 has been increased to 1.22 euros per share, representing a 36% increase compared to the previous year. Additionally, Vonovia has sold the senior care company “Pflegen & Wohnen” to the city of Hamburg, fulfilling the strategic objective of divesting all self-managed nursing facilities.
Growth Strategy
Growth Path
After two years of consolidation and liquidity generation, Vonovia is switching back to growth mode. The company plans to substantially increase its size and efficiency in the next three years. Investments for modernization and new construction are to be increased to 1.2 billion euros in 2025 and doubled to up to 2 billion euros per year by 2028. The launch of around 3,000 new apartments is planned for 2025, after no new projects were started in 2023 and 2024.
Forecasts and Goals
Vonovia aims for an adjusted EBITDA of 2.7 to 2.8 billion euros in 2025 and plans to increase it to 3.2 to 3.5 billion euros by 2028, corresponding to a growth of about 30%. Moreover, the company has sharpened its climate protection goals and plans to achieve a net-zero standard beyond 2045.
Stock Market and Investor Interest
The Vonovia share gained 5.89% on a trading day, although it recorded losses of 2.82% in the last three months. Despite rising interest rates and uncertainties in the capital market, the demand for housing remains high, which benefits Vonovia.