DUESSELDORF, March 19 (Reuters) - Vonovia, Germany's largest real estate group, on Thursday reported that it returned to profit in 2025, as it recovered from the nation's worst property crisis in
Germany's Vonovia returns to profit in 2025 after years of losses
Vonovia's Financial Recovery and Outlook
By Matthias Inverardi and Tom Sims
Return to Profitability
DUESSELDORF, March 19 (Reuters) - Vonovia, Germany's largest real estate group, on Thursday reported that it returned to profit in 2025, recovering from the nation's worst property crisis in decades and benefiting from a rise in property values.
The figures from Germany's biggest residential landlord follow three consecutive years of losses.
2025 Financial Results
The profit of 4.19 billion euros ($4.81 billion) in 2025 compares with a loss of 962.3 million euros in 2024.
Strategic Initiatives and Future Plans
Debt Reduction and Asset Sales
The company said it was sticking to its 2026 forecasts and the 2028 medium-term outlook, but would aim to cut debt further by selling some 5 billion euros in assets, including non-core assets, such as commercial real estate.
Management Perspective
"The fact of the matter is that we have to be mindful of the headwind from higher financing expenses," the company's new CEO, Luka Mucic, said.
Property Value Trends
Profit was helped by higher values for its properties, which also rose for the first time after three years of falling prices.
($1 = 0.8719 euros)
(Reporting by Matthias Inverardi and Tom Sims, Editing by Friederike Heine and Tomasz Janowski)
