both sustainable and suitable for modular construction. Highly flexible financing strategy During the first quarter of the year Vonovia issued its first EUR 600 million Green Bond. This ten-year bond bearing 0.625 % interest is continuing the company's sustainability strategy. Together with the EUR 500 million bond issued in January with a maturity of 20 years, Vonovia has created a highly flexible basis for financing. The Loan-to-Value (LTV) ratio was 39.1 % at the end of March 2021, i.e. 0.3 percentage points below the level at the end of 2020. At the end of the first quarter of 2021, the EPRA NTA, the key performance indicator for the net asset value, was EUR 35,772.9 million - 0.8% higher than the value at the end of 2020, EUR 35,488.6 million. The EPRA NTA has been mirroring the increase in equity. The EPRA NTA per share increased from EUR 62.71 at the end of 2020 to EUR 63.22 at the end of the first quarter of 2021. Forecast confirmed Given the strong start to Vonovia's new financial year and its resilient business model, the company has confirmed the forecast for 2021. In 2021, Vonovia is planning to invest between EUR 1,300 million and EUR 1,600 million in modernization and construction. Total Segment Revenue is expected to be within a range of approximately EUR 4,900 million to EUR 5,100 million, and the Adjusted EBITDA Total between EUR 1,975 million and EUR 2,025 million. As a result, Vonovia is expecting its Group FFO to rise between EUR 1,415 million and EUR 1,465 million. At the same time, Vonovia reckons that its Sustainability Performance Index will be around 100 % in relation to various indicators such as carbon savings from existing buildings and customer satisfaction. Interim Statement for the First Quarter of 2021: DE: https://reports.vonovia.de/2021/q1/de EN: https://reports.vonovia.de/2021/q1/en You can find further information, photos and footage in the press section 2021 Financial Calendar: August 6, 2021: Interim Financial Report for 2021 November 4, 2021: Interim Statement for the first nine months of 2021 Change Financial Key Figures in EUR million 3M 2020 3M 2021 in % Total Segment Revenue 998.8 1,145.5 14.7 Adjusted EBITDA Total 456.1 506.1 11.0 Adjusted EBITDA Rental 381.1 403.1 5.8 Adjusted EBITDA Value-add 37.2 45.8 23.1 Adjusted EBITDA Recurring Sales 26.4 47.1 78.4 Adjusted EBITDA Development 11.4 10.1 -11.4 EBITDA IFRS 428.1 475.4 11.0 Group FFO 335.5 382.9 14.1 Profit for the Period 211.6 247.0 16.7 Total Cost of Maintenance, Modernization and New Construction (to Hold) 414.5 379.9 -8.3 Thereof for Maintenance Expenses and Capitalized Maintenance 123.0 135.7 10.3 Thereof for Modernization 208.1 165.1 -20.7 Thereof for New Construction (to Hold) 83.4 79.1 -5.2 Change Key Balance Sheet Figures in EUR million Dec. 31, 2020 Mar. 31, 2021 in % Fair Value of the Real Estate Portfolio 58,910.7 58,984.6 0.1 EPRA NTA 35,488.6 35,772.9 0.8 EPRA NTA per Share in EUR* 62.71 63.22 0.8 LTV (in %) 39.4 39.1 -0.3 pp Change Nicht-finanzielle Kennzahlen 3M 2020 3M 2021 in % Number of Units Managed 488,294 487,191 -0.2 Thereof Own Apartments 415,323 414,715 -0.1 Thereof Apartments Owned by Others 72,971 72,476 -0.7 Number of New Apartments Completed 122 379 >100 Thereof Own Apartments 122 149 22.1 Thereof Apartments for Sale - 230 - Vacancy Rate (in %) 2.8 2.8 - Monthly in-place rent in EUR/m² 6.94 7.18 3.5 Number of employees (as of Mar. 31) 10,499 10,684 1.8
* Based on the shares carrying dividend rights on the reporting date: Mar. 31, 2020: 542,273,611; Mar. 31, 2021: 565,887,299; Dec. 31, 2020: 565,887,299. About Vonovia Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 415,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 72,500 apartments. Its portfolio is worth approximately EUR 59.0 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Therefore, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.
The company, which is based in Bochum, has been listed on the stock exchange since 2013. Since September 2015 Vonovia has been a constituent in the DAX 30 and since September 2020 in the EURO STOXX 50. Vonovia SE is also a constituent of additional national and international indices, including DAX 50 ESG, Dow Jones Sustainability Index Europe, STOXX Global ESG Leaders, EURO STOXX ESG Leaders 50, STOXX Europe ESG Leaders 50, FTSE EPRA/NAREIT Developed Europe, and GPR 250 World. Vonovia has a workforce of more than 10,000 employees. Additional Information: Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange ISIN: DE000A1ML7J1 WKN: A1ML7J Common code: 094567408 Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court, HRB 16879 Business address of Vonovia SE: Universitaetsstrasse 133, 44803 Bochum, Germany
This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release. ----------------------------------------------------------------------------------------------------------------------- Additional features: File: Focus on climate strategy and social responsibility - Vonovia off to a good start in 2021_210504 -----------------------------------------------------------------------------------------------------------------------
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Language: English Company: Vonovia SE Universitätsstraße 133 44803 Bochum Germany Phone: +49 234 314 1609 Fax: +49 234 314 2995 E-mail: investorrelations@vonovia.de Internet: www.vonovia.de ISIN: DE000A1ML7J1 WKN: A1ML7J Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1192000 End of News DGAP News Service =------------
1192000 2021-05-04
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May 04, 2021 01:07 ET (05:07 GMT)