Vonovia stock gains 1.18% to EUR 17.09 before Xetra
Published on 11/05/2026 at 08:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat matters before the open
- Vonovia reported 3.5 percent growth in adjusted rental EBITDA for the first nine months of 2026.
- Adjusted EBITDA in the value-add segment increased 31.4 percent, while higher financing costs weighed on earnings.
- The company retained its 2026 outlook and expects adjusted EBITDA toward the lower half of its range.
Vonovia's nine-month results showed continued growth in its core operating business, although higher financing costs weighed on earnings. In an EQS News release, the company said adjusted EBITDA from the rental segment rose 3.5 percent to EUR 1.9122 billion in the first nine months of 2026 despite a smaller residential portfolio.
Operating growth meets financing pressure
Adjusted EBITDA in the value-add segment increased 31.4 percent to EUR 197.2 million, supported by the craftsmen organization and energy activities. At the same time, sales-related operations remained constrained by difficult market conditions and financing costs increased.
Vonovia stock traded at EUR 17.09 on Lang & Schwarz at 08:26 CET on Thursday, November 5, 2026, 1.18 percent above the Xetra close of Wednesday, November 4.
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Vonovia retained its 2026 outlook, with adjusted EBITDA from continuing operations expected in the EUR 2.95 billion to EUR 3.05 billion range and positioned toward the lower half. The company also expects organic rent growth of about 3.8 percent.
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