March 29, 2017 7:16 PM ET

Real Estate Management and Development

Company Overview of Vonovia SE

Company Overview

Vonovia SE operates as an integrated real estate company in Germany. It operates through three segments: Rental, Extension, and Sales. The company offers apartments; and sells single units and buildings or plots of land, as well as provides property-related services. As of December 31, 2016, it managed 333,381 residential units, 85,421 garages and parking spaces, and 3,405 commercial units, as well as managed 58,969 units for other owners. The company was formerly known as Deutsche Annington Immobilien SE and changed its name to Vonovia SE in August 2015. Vonovia SE is headquartered in Bochum, Germany.

Philippstrasse 3

Bochum,  44803

Germany

7,437 Employees

Phone:

49 234 314 0

Fax:

49 234 314 1314

Key Executives for Vonovia SE

Chairman of the Management Board and Chief Executive Officer
Age: 51
Total Annual Compensation: €1.7M
Chief Financial Officer and Member of the Management Board
Age: 55
Total Annual Compensation: €1.0M
Chief Operating Officer and Member of the Management Board
Age: 54
Total Annual Compensation: €1.0M
Chief Controlling Officer and Member of the Management Board
Age: 47
Total Annual Compensation: €1.0M
Compensation as of Fiscal Year 2016.

Vonovia SE Key Developments

Vonovia SE, 2016 Earnings Call, Mar 07, 2017

Vonovia SE, 2016 Earnings Call, Mar 07, 2017

Vonovia SE Reports Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017

The company reported earnings results for the year ended December 31, 2016. For the year, the company reported rental income from property management of €1,538.1 million against €1,414.6 million a year ago. FFO 1 was €760.8 million against €608.0 million a year ago. FFO 2 was €823.8 million against €662.1 million a year ago. FFO 1 per share was €1.63 against €1.30 a year ago. Profit for the period was €2,512.9 million against €994.7 million a year ago. Thereof expenses for maintenance and capitalized maintenance was €320.1 million against €330.7 million a year ago. For the year 2017, the company FFO 1 to rise to around €830 million to €850 million. Around €60 million in FFO 1 contribution expected from acquisition of conwert.

Vonovia Seeks Acquisition

Rolf Buch, Chief Executive Officer of Vonovia SE (DB:VNA) said-"I think we have shown you today that without any acquisitions this Company has a lot of growth potential in the next years, so we don't need to do acquisitions. We don't need to have the Deutsche Wohnen to fulfill the cost target. But, of course, again, we are looking on all portfolios in Germany, and I repeat this (inaudible); and if we find a price that is suitable for us to acquire, we will try to acquire for this price."

Similar Private Companies By Industry

Company Name Region
1A Immobilien AG Europe
2. VITUS Beteiligungsgesellschaft mbH Europe
7x7sachwerte GmbH & Co. KG Europe
A. K. Bauträger KG Europe
A. W. Kisker GmbH & Co. KG Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 17, 2017
The Building Complex in Wilhelmsburg
Merger/Acquisition
September 5, 2016
Conwert Immobilien Invest SE
 

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