VNA.DE · GER DAX

Vonovia SE

Real estate · Real Estate Services

€16.89 −€0.215 (−1.26%) today

Closing price on Nov 11, 2026 · Source: Yahoo Finance

Consensus of 17 analysts

Hold

Median price target €21.75 +28.8%

Open: €17.18
Day range: 16.85 – €17.19
52-week range: 15.26 – €28.90
Volume: 870,235
Market cap: €14,326M
P/E (TTM): 9.2x
EPS (TTM): €1.84
EPS est. 2026: €1.69
P/E est. 2026: 10.0x
Dividend yield: 7.4%
Beta: 1.49
Payout: 65%

Vonovia financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	€1,385M	+3.2%
Net income	€232M	−90.1%
Earnings per share	€0.21	−92.1%
Net margin	16.8%	−158.0 pp
Free cash flow	€418M	+16.7%
Debt / equity	0.03	−6.0%

Revenue and net income (€M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	€1,342M	€2,345M
Q4 2025	€1,274M	€575M
Q1 2026	€1,303M	€211M
Q2 2026	€1,386M	€737M
Q3 2026	€1,385M	€232M

Vonovia earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 1	€0.4560.46 – 0.46	+221.1%€0.142
Next quarterQ1 2027 · Analysts: 1	€0.4580.46 – 0.46	+6.5%€0.430
Current year2026 · Analysts: 5	€1.6911.57 – 1.80	−8.6%€1.850
Next year2027 · Analysts: 5	€1.7061.52 – 1.88	+0.9%€1.691

Forward P/E: 10.0x (2026) and 9.9x (2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	€2.670	—
Q4 2025	€0.142	€0.428
Q1 2026	€0.430	€0.388
Q2 2026	€0.480	€0.400
Q3 2026	€0.410	€0.449
Q4 2026	—	€0.456
Q1 2027	—	€0.458

Year	Actual EPS	Estimated EPS
2022	−€0.815	—
2023	−€7.800	—
2024	−€1.090	—
2025	€4.330	—
2026	—	€1.691
2027	—	€1.706

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	€0.458	+6.5%
Q4 2026Estimated	€0.456	+221.1%
Q3 2026	€0.410est. €0.449 · surprise −8.7%	−84.6%
Q2 2026	€0.480est. €0.400 · surprise +20.0%	n/a
Q1 2026	€0.430est. €0.388 · surprise +10.9%	n/a
Q4 2025	€0.142est. €0.428 · surprise −66.8%	n/a
Q3 2025	€2.670	n/a

Year	EPS	Annual change
2027Estimated	€1.706	+0.9%
2026Estimated	€1.691	−61.0%
2025	€4.330	n/s
2024	−€1.090	n/s
2023	−€7.800	n/s
2022	−€0.815	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Vonovia dividend

Yield and payments

Dividend yield (TTM)	7.4%
Forward yield (next 12m)	7.4%
Dividend per share (TTM)	€1.25
Forward dividend (next 12m)	€1.25
Payout (TTM)	65%
Last dividend	€1.25May 22, 2026
Next ex-dividend date	n/a

Dividend per share by year (€)

PaidEstimated

Year	Dividend per share
2019	€1.14
2020	€1.24
2021	€1.34
2022	€1.65
2023	€0.85
2024	€0.90
2025	€1.22
est. 12m	€1.25

Vonovia forecasts

17 analyst ratings

Buy47% Hold35% Sell18%

Consensus: Hold · 8 buy, 6 hold, 3 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	€45.00	+166.5%
Median	€21.75	+28.8%
Low	€14.00	−17.1%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	€26.12
Dec 30, 2025	€24.54
Jan 30, 2026	€24.61
Feb 27, 2026	€28.69
Mar 31, 2026	€21.56
Apr 30, 2026	€22.91
May 29, 2026	€21.43
Jun 30, 2026	€21.59
Jul 31, 2026	€21.03
Aug 31, 2026	€19.25
Sep 30, 2026	€17.00
Oct 30, 2026	€16.18
Nov 11, 2026	€16.89

Vonovia peers

Ticker	Company	Market cap (€M)	P/E	Price (€)	1-day change	52-week range
VNA.DE	Vonovia	14,326	9.2x	16.89	−1.26%	15.2628.90
CLNX.MC	Cellnex	17,279	n/a	26.34	−0.53%	21.8432.71
INW.MI	INWIT	6,624	20.4x	7.34	+0.69%	5.989.09
CBRE	CBRE	38,846	28.9x	134.79 $	−2.45%	121.44174.27
CSGP	CoStar	12,203	70.5x	30.33 $	−2.91%	25.8970.57
URW.PA	Unibail-Rodamco-Westfield	13,559	8.8x	93.80	−1.45%	85.98106.65

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