Strong Half-Year Performance: Vonovia reported a like-for-like portfolio value growth of 1.3% in H1 2025, alongside organic rent growth of 4.4% year-on-year. This growth is underpinned by a solid rental segment performance, indicating strong operating fundamentals and market demand.

Increased Guidance for 2025: The company has raised its 2025 guidance, forecasting organic rent growth to exceed 4% and adjusted EBITDA to reach the upper end of the previously set range. Notably, adjusted EBT guidance was increased by EUR 100 million to a range of EUR 1.85 billion to EUR 1.95 billion, signaling confidence in continued growth.

Integrated Operations with Deutsche Wohnen: The completion of the domination agreement allows Vonovia to fully leverage Deutsche Wohnen's operations. Increased efficiency and profit opportunities are anticipated, particularly by reducing reliance on subcontractors and increasing cash liquidity. However, it may take time to realize these efficiencies.