DUESSELDORF: 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.
The profit of 4.19 billion euros ($4.81 billion) in 2025 compares with a loss of 962.3 million euros in 2024.
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.
“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.
Profit was helped by higher values for its properties, which also rose for the first time after three years of falling prices.
