The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

VNA.DE

Concerning the House

Vonovia SE operates as an integrated residential real estate company in Europe. The company operates through Rental, Value-Add, Recurring Sales, and Development segments. It offers property management services; property-related services; and value-added services, including maintenance and modernization of properties, craftsmen and residential environment organization, multimedia, energy supply, metering, condominium administration, and insurance services. The company is also involved in the sale of individual condominiums and single-family houses; and project development activities to build new homes. In addition, it engages in construction of owner-occupied and rented apartments; sale of projects to investors; and construction of new properties on existing land held in the portfolio. The company was formerly known as Deutsche Annington Immobilien SE and changed its name to Vonovia SE in August 2015. Vonovia SE was founded in 1998 and incorporated in October 10th, 2017 is headquartered in Bochum, Germany.

Germany · www.vonovia.com

The Ledger
LineDec 2024Mar 2025Jun 2025Sep 2025
Revenue$1.94B$1.36B$1.35B$1.34B
Gross profit$453.20M$22.30M$679.30M$797.40M
Operating income$87.00M-$263.60M-$23.10M$535.70M
Net income-$349.30M$491.60M$310.80M$2.35B
Diluted EPS0.600.382.80
Free cash flow$756.10M$804.30M$785.80M$357.90M
Quotation

$20.96

+0.07 (+0.3%)

52w hi$27.12
52w lo$19.70
Vol1.94M
As ofAug 13
The Verdict

Hold

Our score +0.06

Short-0.12
Medium+0.01
Long+0.50

computed 2026-08-13

By the Numbers

Vonovia SE

Real Estate · Real Estate Services

Market cap$17.82B
Enterprise value$63.72B
Trailing P/E4.76x
Forward P/E11.01x
EV / EBITDA26.00x
P / S (ttm)2.99x
Profit margin64.8%
Return on equity14.6%
Revenue growth+1.6%
Earnings growth+113.2%
Debt / equity135.10
Risk Metrics
Beta vs SPX0.04
Corr SPX0.02
Annual vol28.8%
Annual ret-13.9%
Sharpe-0.48
Max DD-41.3%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.47
Sector+0.04
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$20.98$21.18$20.881.94M
Aug 12$20.93$21.25$20.82$20.961.73M
Aug 11$20.98$21.00$20.79$20.891.49M
Aug 10$20.98$21.26$20.85$21.001.88M
Aug 7$20.84$21.20$20.69$21.052.27M