Vonovia
Germany’s largest landlord, with around 530,000 homes.
52-week range
As of 5 Oct 2026, 16:52What does Vonovia do?
Bochum-based Vonovia owns around 530,000 apartments, mostly in Germany, plus some in Sweden and Austria. Deutsche Wohnen is part of Vonovia too. Most of its money comes from rent. It also sells individual flats and new builds and offers tenants extra services such as repairs or energy. The split shows each part’s share of operating profit, not of revenue.
Vonovia might be your landlord: in cities like Berlin, Dresden or across the Ruhr area, it owns entire neighbourhoods.
How Vonovia makes money
- Renting87 %
- Extra services for tenants7 %
- Sales of individual flats3 %
- New-build projects3 %
Strengths
- Many cities are short of housing, and only about 2% of Vonovia flats stand empty.
- Rent brings in regular, predictable income.
- Its sheer size lets Vonovia run management and renovation more cheaply.
Risks
- High debt: rising interest rates make loans more expensive and lower property values.
- Rent controls and other rules limit how much rents can rise.
- Making many old buildings energy-efficient is very expensive.
- Founded
- 2001
- Headquarters
- Bochum, Germany
- Employees
- about 12,700
What if you had invested in Vonovia earlier?
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This page explains the company and is not a recommendation to buy or sell.