Vonovia went public on July 11, 2013 with an issuance price of EUR 16.50 per share.
The international securities identification number (ISIN) is DE000A1ML7J1, and the German securities code number (WKN) is A1ML7J.
The Vonovia shares are registered no-par value ordinary shares with a notional value of EUR 1.00.
Vonovia shares are listed on the Frankfurt Stock Exchange (Prime Market).
Vonovia shares belong to following indices: DAX, STOXX Europe 600, MSCI Germany, GPR 250, FTSE EPRA / NAREIT Europe.
For an overview of Vonovia’s shareholder structure, please click here.
Provided that the Group’s business performance remains stable, Vonovia aims to distribute an annual dividend of around 70% of FFO 1.
Vonovia currently complies with the recommendations in the German Corporate Governance Code as described in the company’s securities prospectus dated June 19, 2013 under “Description of the Governing Bodies of Vonovia SE – Corporate Governance”.
Vonovia’s accounts are prepared in accordance with IAS/IFRS (International Accounting Standards/International Financial Reporting Standards).
Vonovia’s more recent history begins with the privatisation of railway workers’ residential housing companies through the German Railway Estate (BEV). It acquired these eleven companies with an approximate total of 65,000 flats in 2001. In 2003, the acquisition of Heimbau AG in Kiel followed, which managed approximately 10,000 flats. At the end of 2004, Vonovia then purchased 4,500 flats from the RWE corporation. In August of 2005, Vonovia acquired Viterra from E.ON AG, with 138,000 flats. As of June 30, 2016, Vonovia owned about 340.000 residential units in Germany with an aggregate fair value of EUR 23.7 billion.
Vonovia has a balanced portfolio across Germany. The detailed allocation of the units separated into postcodes can be found here. The TOP 25 cities are as follows:
- Frankfurt am Main
- Heidenheim an der Brenz
Vonovia employs about 10.000 employees.
Vonovia’s supervisory board consists of twelve independent members. All subcommittees are chaired by independent members. For further information click here.