Vonovia (VNA.DE) Stock Price

Vonovia Price

🇩🇪XETRA·CLOSED
20.57EUR
Market closed
Today +/-
Today %

Vonovia (VNA.DE) Stock | ISIN DE000A1ML7J1 | WKN A1ML7J. The current Vonovia stock price is 20.57 EUR (2026). Revenue is 4.83 B EUR. Net income is 2.04 B EUR. The P/E ratio is 8.27. Market capitalization is 16.85 B EUR. Vonovia operates in the Real Estate sector.

Revenue has compounded at 11.4% per year over the past 14 years to 5.25 B EUR. Earnings per share have grown at 14% per year over the last 11 years. Vonovia's net margin stands at -17.1%, down from 45.4% several years earlier. Vonovia currently offers a dividend yield of about 4.38%. The payout ratio is around 39% of earnings. The dividend has grown at 2.5% per year over the past 10 years.

Vonovia stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Vonovia over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Vonovia stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Vonovia's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Vonovia Stock Price History
DateVonovia Price
Access this data via the Eulerpool API

Vonovia Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2010
1.16 B EUR
501.1 M EUR
190.6 M EUR
Jan 1, 2011
1.39 B EUR
724.2 M EUR
423 M EUR
Jan 1, 2012
1.32 B EUR
646.8 M EUR
171.4 M EUR
Jan 1, 2013
1.67 B EUR
975.5 M EUR
480.2 M EUR
Jan 1, 2014
1.6 B EUR
860.7 M EUR
401.4 M EUR
Jan 1, 2015
3.51 B EUR
2.17 B EUR
923.5 M EUR
Jan 1, 2016
5.55 B EUR
4.31 B EUR
2.3 B EUR
Jan 1, 2017
5.98 B EUR
4.68 B EUR
2.41 B EUR
Jan 1, 2018
6.5 B EUR
5 B EUR
2.27 B EUR
Jan 1, 2019
7.22 B EUR
5.67 B EUR
1.15 B EUR
Jan 1, 2020
7.11 B EUR
5.47 B EUR
3.23 B EUR
Jan 1, 2021
11.32 B EUR
9.42 B EUR
2.25 B EUR
Jan 1, 2022
5.16 B EUR
2.25 B EUR
-643.8 M EUR
Jan 1, 2023
5 B EUR
2.17 B EUR
-6.29 B EUR
Jan 1, 2024
5.25 B EUR
2.31 B EUR
-896 M EUR

Vonovia Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 20, 2026, 3:36 AM
 
REVENUE (B EUR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B EUR)
NET INCOME (B EUR)
NET INCOME GROWTH (%)
DIV. (EUR)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
20212022202320242025e2026e2027e2028e
11.325.1655.254.664.835.043.95
59.21-54.42-3.064.86-11.213.784.26-21.55
91.165.6467.3965.9974.3271.6168.6887.55
10.313.393.373.463.463.463.463.46
2.25-0.64-6.29-0.91.862.042.21-
-30.27-128.57877.45-85.74-307.819.48.39
1.691.660.850.91.221.061.12-
7.64-1.78-48.85.8835.56-13.115.66
626.47788.25806.25819.35819.35819.35819.35819.35
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Vonovia generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Vonovia retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Vonovia's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Vonovia has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Vonovia's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Vonovia stock margins

The Vonovia margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Vonovia. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Vonovia.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2010
54.19 %
43.34 %
16.49 %
Jan 1, 2011
60.61 %
52 %
30.37 %
Jan 1, 2012
61.17 %
48.92 %
12.96 %
Jan 1, 2013
72.46 %
58.3 %
28.7 %
Jan 1, 2014
71.38 %
53.9 %
25.14 %
Jan 1, 2015
77.25 %
61.94 %
26.34 %
Jan 1, 2016
86.64 %
77.72 %
41.47 %
Jan 1, 2017
87.98 %
78.29 %
40.33 %
Jan 1, 2018
88.11 %
76.94 %
34.86 %
Jan 1, 2019
89.26 %
78.43 %
15.88 %
Jan 1, 2020
88.27 %
76.97 %
45.4 %
Jan 1, 2021
91.09 %
83.19 %
19.89 %
Jan 1, 2022
65.65 %
43.65 %
-12.48 %
Jan 1, 2023
67.41 %
43.32 %
-125.65 %
Jan 1, 2024
66 %
43.96 %
-17.08 %

Vonovia Stock Revenue, EBIT, Earnings per Share

The Vonovia earnings per share therefore indicates how much revenue Vonovia has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2010
5.16 EUR
2.23 EUR
0.85 EUR
Jan 1, 2011
6.21 EUR
3.23 EUR
1.89 EUR
Jan 1, 2012
5.9 EUR
2.88 EUR
0.76 EUR
Jan 1, 2013
7.03 EUR
4.1 EUR
2.02 EUR
Jan 1, 2014
5.82 EUR
3.14 EUR
1.46 EUR
Jan 1, 2015
8.14 EUR
5.04 EUR
2.14 EUR
Jan 1, 2016
11.16 EUR
8.67 EUR
4.63 EUR
Jan 1, 2017
11.76 EUR
9.21 EUR
4.74 EUR
Jan 1, 2018
12.05 EUR
9.27 EUR
4.2 EUR
Jan 1, 2019
12.71 EUR
9.97 EUR
2.02 EUR
Jan 1, 2020
12.11 EUR
9.32 EUR
5.5 EUR
Jan 1, 2021
18.07 EUR
15.03 EUR
3.59 EUR
Jan 1, 2022
6.55 EUR
2.86 EUR
-0.82 EUR
Jan 1, 2023
6.2 EUR
2.69 EUR
-7.8 EUR
Jan 1, 2024
6.4 EUR
2.81 EUR
-1.09 EUR

Vonovia business model & stock analysis

Vonovia SE is one of the largest real estate companies in Europe, based in Bochum. It was formed in 2015 from a merger of Deutsche Annington and Gagfah and has since had a portfolio of around 400,000 apartments. The history of Vonovia goes back to 2001, when Deutsche Annington was founded as a large private real estate company. Gagfah was founded in 2004 and quickly acquired housing stocks in East Germany. After a successful merger in 2015, the two companies formed Vonovia SE, which is now considered the leading German real estate company. Vonovia's business model is simple: it is about offering apartments that are safe, comfortable, and modern. The properties are held long-term and rented to both new and existing customers. Customer satisfaction is a central component of the business model. Vonovia also operates an omni-relevant housing offer specifically targeting students and includes tailored housing offerings. Vonovia offers a wide range of products tailored to the needs of customers. This includes apartments of all sizes, from one-room apartments to large family apartments. There is also a wide range of additional services, such as a maintenance service or a 24-hour hotline for emergencies. Vonovia also offers rent-to-own options, allowing customers to gradually purchase their apartments. For students or young nomadic workers, Vonovia offers student housing tailored to their needs, accepting short-term rental agreements of less than one month. In addition to the main business of apartments, Vonovia also operates other divisions, such as the development of construction projects and the sale of apartments. Vonovia plans and builds new apartments to meet increasing demand. Furthermore, Vonovia is also involved in the construction of new assisted living facilities. Here, Vonovia offers specialized, barrier-free apartments for older people or people with disabilities. Vonovia also has its own shopping center, focusing on the needs and desires of tenants. In this store, customers can buy household goods, cleaning supplies, or groceries without leaving their homes. The future of Vonovia looks promising, as the demand for affordable and high-quality housing in Germany continues to rise. Vonovia is committed to further improving customer satisfaction by addressing the needs of its customers and offering future-oriented housing concepts. The long-term perspective is particularly important as apartments only run smoothly when they are well-maintained and meet the needs of customers.

Vonovia SWOT Analysis

Strengths

Vonovia SE holds a dominant position in the residential real estate market.

The company owns a wide range of residential properties, providing stability and mitigating risks.

Weaknesses

Vonovia heavily relies on rental income, which exposes the company to fluctuations in the real estate market and potential economic downturns.

The real estate sector is subject to various regulations and policies, which may impact Vonovia's operations and profitability.

Opportunities

Increasing population, urbanization, and changing social trends create opportunities for Vonovia to meet the rising demand for rental properties.

Vonovia can explore potential expansion into international markets to diversify its geographical presence and tap into new revenue streams.

Threats

Fluctuations in the economy and housing market can pose risks to Vonovia's financial performance and property valuations.

Intense competition within the real estate sector may limit Vonovia's market share and pricing power.

Vonovia Eulerpool Fair Value

Vonovia historical P/E ratio, EBIT multiple, and P/S ratio

Vonovia annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Vonovia shares outstanding

The number of shares was Vonovia in 2025 — This indicates how many shares 819.354 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2010
224.22 M base_Shares
Jan 1, 2011
224.22 M base_Shares
Jan 1, 2012
224.22 M base_Shares
Jan 1, 2013
237.93 M base_Shares
Jan 1, 2014
274.46 M base_Shares
Jan 1, 2015
430.91 M base_Shares
Jan 1, 2016
497.09 M base_Shares
Jan 1, 2017
508.25 M base_Shares
Jan 1, 2018
539.46 M base_Shares
Jan 1, 2019
568.28 M base_Shares
Jan 1, 2020
587.14 M base_Shares
Jan 1, 2021
626.47 M base_Shares
Jan 1, 2022
788.25 M base_Shares
Jan 1, 2023
806.25 M base_Shares
Jan 1, 2024
819.35 M base_Shares

Vonovia Dividend History

12 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20251.22EUR 35.6%
May 29, 20251.22EUR 35.6%1/1
20240.9EUR 5.9%
20230.85EUR 48.8%
20221.66EUR 1.8%
20211.69EUR 7.6%
20201.57EUR 9.0%
20191.44EUR 9.1%
20181.32EUR 17.9%
20171.12EUR 19.1%
20160.94EUR 20.5%

Vonovia dividend history and estimates

In 2025, Vonovia paid a dividend amounting to 1.22 EUR. Dividend means that Vonovia distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2014
0.7 EUR
0 EUR
Invalid Date
0 EUR
0.78 EUR
Jan 1, 2016
0.94 EUR
0 EUR
Jan 1, 2017
1.12 EUR
0 EUR
Jan 1, 2018
1.32 EUR
0 EUR
Jan 1, 2019
1.44 EUR
0 EUR
Jan 1, 2020
1.57 EUR
0 EUR
Invalid Date
0 EUR
1.69 EUR
Jan 1, 2022
1.66 EUR
0 EUR
Jan 1, 2023
0.85 EUR
0 EUR
Jan 1, 2024
0.9 EUR
0 EUR
Jan 1, 2025
1.22 EUR
0 EUR
Invalid Date
0 EUR
1.06 EUR
Invalid Date
0 EUR
1.12 EUR

Vonovia dividend payout ratio

In 2025, Vonovia had a payout ratio of 42.99%. The payout ratio indicates the percentage of the company's profits that Vonovia distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2010
45.91 %
Jan 1, 2011
45.91 %
Jan 1, 2012
45.91 %
Jan 1, 2013
45.91 %
Jan 1, 2014
42.77 %
Jan 1, 2015
32.51 %
Jan 1, 2016
19.03 %
Jan 1, 2017
22.15 %
Jan 1, 2018
29.46 %
Jan 1, 2019
66.83 %
Jan 1, 2020
26.76 %
Jan 1, 2021
44.13 %
Jan 1, 2022
-204.94 %
Jan 1, 2023
45.91 %
Jan 1, 2024
38.93 %
Price targets and forecasts for Vonovia are not yet available.

Vonovia Earnings Estimates

Vonovia Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/2/20240.49EUR797.84 MEUR2024 Q1
3/15/20240.51EUR1.01 BEUR2023 Q4
8/1/20230.64EUR867.52 MEUR2023 Q2
5/3/20230.67EUR881.85 MEUR2023 Q1
3/16/20230.59EUR794.82 MEUR2022 Q4
11/4/20220.63EUR792.01 MEUR2022 Q3
8/26/20220.65EUR865.77 MEUR2022 Q2
5/5/20220.54EUR872.79 MEUR2022 Q1
3/18/20220.77EUR926.27 MEUR2021 Q4
8/6/20210.62EUR612.86 MEUR2021 Q2

EESG©

Eulerpool ESG Scorecard© for the Vonovia stock

96/100
99
Environment
99
Social
89
Governance
E

Environment

20
Scope 1 - Direct Emissions548,394
Scope 2 - Indirect emissions from purchased energy341,016
Scope 3 - Indirect emissions within the value chain1,057,399
Total CO₂ emissions889,410
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees28.9
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Vonovia shareholder structure

% Name
14.96363%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
7.74522%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
3.97701%
APG Asset Management N.V.
APG Asset Management N.V.
3.22626%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.03753%
DWS Investment GmbH
DWS Investment GmbH
1.78208%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.71095%
UBS Asset Management (UK) Ltd.
UBS Asset Management (UK) Ltd.
1.04373%
PGGM Vermogensbeheer B.V.
PGGM Vermogensbeheer B.V.
0.85084%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
0.8301%
Union Investment Privatfonds GmbH
Union Investment Privatfonds GmbH
...

Vonovia Executives and Management Board

RB

Mr. Rolf Buch

(60)

Chairman of the Management Board, Chief Executive Officer

Compensation3.93 M EUR
DR

Mr. Daniel Riedl

(56)

Chief Development Officer, Member of the Management Board

Compensation2.12 M EUR
AF

Mr. Arnd Fittkau

(52)

Chief Rental Officer, Member of the Management Board

Compensation2.06 M EUR
RW

Ms. Ruth Werhahn

(54)

Chief Human Resources Officer, Member of the Management Board

Compensation1.76 M EUR
PG

Mr. Philip Grosse

(55)

Chief Financial Officer, Member of the Management Board

Compensation1.75 M EUR

Vonovia Supply Chain

Frequently asked questions about Vonovia

The business model of Vonovia SE revolves around being one of Europe's leading residential real estate companies. Vonovia provides value-added services to its customers by managing and modernizing a diverse portfolio of rental apartments. The company aims to create sustainable living spaces, focusing on tenant satisfaction, social responsibility, and energy efficiency. With a strong presence in Germany and other European countries, Vonovia acquires, develops, and maintains properties, ensuring a high-quality living experience for its residents. Their commitment to long-term, profitable growth and continuous investment in the housing market cements Vonovia's position as a reliable and innovative player in the real estate industry.

All fundamentals and in-depth analysis of Vonovia

Our stock analysis for Vonovia Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Vonovia Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.