Vonovia
Vonovia SE is Germany's largest residential real estate company, managing roughly 613,153 rental apartments across Germany, Sweden, and Austria via long-term leases and digital tenant services. It serves approximately one million residents through the Mein Vonovia app, regional offices, and an integrated property management platform.
- Company typePublic
- Founded2013
- HeadquartersBochum, Germany
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Vonovia does
Vonovia SE is Germany's largest residential real estate company and a DAX-listed constituent, owning and managing approximately 613,153 residential units with a portfolio value of EUR 82 billion at end-2024. Operations span Germany, Sweden, and Austria, serving roughly one million residents through long-term rental contracts under the Vonovia, BUWOG, and Deutsche Wohnen brands. Revenue is generated primarily through recurring monthly rent on standardized residential leases priced per square meter, supplemented by ancillary property management and modernization services; Q1 2026 rental adjusted EBITDA was EUR 630 million with ~98% occupancy and >99% rent collection.
The company operates a direct-to-tenant distribution model centered on the Mein Vonovia mobile app, an online property search portal, regional customer service offices across major German cities, and dedicated portals for investors and business partners. The digital platform supports apartment search, digital lease signing, contract management, document access, maintenance request tracking, and utility billing, with a chat-based AI assistant embedded in the app. Strategic priorities include deleveraging (LTV 45.1% in Q1 2026, target ~43% by 2028), organic rent growth (~5% target by 2028), and expansion of energy-efficient new construction and retrofit programs via partnerships with Gropyus AG and Nokera.
Vonovia firmographics
Firmographics- Name
- Vonovia
- Legal name
- Vonovia SE
- Website
- https://vonovia.de
- Company type
- Public
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Vonovia SE is Germany's largest residential real estate company, managing roughly 613,153 rental apartments across Germany, Sweden, and Austria via long-term leases and digital tenant services. It serves approximately one million residents through the Mein Vonovia app, regional offices, and an integrated property management platform.
- Ownership category
- akta.pro rank
Vonovia industry classification
Industry- Product category
- Residential Real Estate
- NAICS
- Residential Property Managers (531311), Lessors of Real Estate (5311)
- SIC
- Operators Of Apartment Buildings (6513), Real Estate Operators (No Developers) & Lessors (6510)
- akta.pro primary industry
- Multifamily (Apartment) Property Management (BPAJAGAD)
Keywords
Where Vonovia is headquartered
LocationHeadquarters
- HQ city
- Bochum
- HQ country
- Germany
- HQ region
- Europe
Offices8 records
Markets served
Vonovia business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain, Technology or R&D, Others
Revenue model
- Residential Rental Income: Primary revenue stream from long-term rental contracts for residential apartments. Income driven by occupancy rates and average rent per square meter. The company also earns from ancillary services including property management and modernization services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Rental pricing varies by location, size, and amenities |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Vonovia product offering
Product offeringCore offering
Vonovia owns, manages, and rents residential apartments to individual tenants across Germany, Sweden, and Austria, operating a portfolio of more than 500,000 units (613,153 units as of end-2024) valued at approximately EUR 82 billion. The company provides long-term rental housing, property management, modernization, and energy-efficiency services, supported by digital tenant platforms including the Mein Vonovia app and an online apartment search portal.
Product overview
Vonovia operates as a residential real estate company offering a unified platform of digital services centered around its 'Mein Vonovia' customer app and web portal. The core product portfolio includes the property search platform (Wohnungssuche) for apartment hunting, the customer service portal for tenant support, and dedicated portals for investors and business partners. The services are integrated through Vonovia's website, providing tenants with access to contract management, document storage, maintenance requests, and utility billing through a single digital touchpoint.
Differentiator
Problem solved
Functional benefit
Brands
- BUWOG: Subsidiary focused on residential real estate development and property management
- Mein Vonovia
Products and services
- Mein Vonovia App
Quantifiable outcome
- ~98% occupancy rate
- +3 more outcomes
Companies that use Vonovia
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Vonovia technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Vonovia partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- NokeracoreCollaboration to accelerate serial energetic modernization of residential buildings using prefabricated facade elements. Aims to improve energy efficiency of existing building stock.
- Gropyus AGcoreStrategic partnership combining Vonovia's expertise in apartment development, management, and operations with Gropyus's digitalized sustainable wood-hybrid construction methods. Joint development of housing projects including new construction and densification, with buildings equipped with energy- and cost-efficient building management technology.
- RWEminorLeadership transition partnership: Katja Wünschel, former CEO of RWE Renewables Europe & Australia, will join Vonovia as Chief Development Officer. Represents talent acquisition from strategic partner.
Scale indicators17 records
Recent moves8 records
Expansion highlights6 records
Vonovia competitors and assessment
Company assessmentDirect peers
- Akelius Residential Property: Akelius owns and operates residential properties primarily in Germany, Sweden, and Canada. Comparable to Vonovia in its European multifamily rental focus and exposure to urban housing markets.
- LEG Immobilien: LEG Immobilien is a DAX-listed German residential real estate company managing approximately 166,000 rental units. It is the closest pure-play German residential peer to Vonovia, competing for tenants, acquisitions, and capital markets attention.
- Aroundtown: Aroundtown is a European real estate company focused on prime city-center office and hotel properties, with growing residential exposure. Competes with Vonovia in major German and European metros for institutional real estate assets and tenant demand.
- TAG Immobilien: TAG Immobilien is a German residential real estate company with a portfolio of approximately 85,000 units focused on northern Germany and B-cities. Directly comparable to Vonovia in business model (rental housing, asset-light management, regional concentration).
- Samhallsbyggnadsbolaget i Norden (SBB): SBB is a Nordic real estate company focused on residential, social infrastructure, and community service properties across Sweden and Norway. Comparable to Vonovia's Nordic residential exposure and large-scale landlord profile.
- Heimstaden Bostad: Heimstaden Bostad is a major European residential landlord with a portfolio of over 160,000 homes across Germany, Sweden, Denmark, Norway, and the Czech Republic. Operates a similar pan-European multifamily rental model with comparable regulatory and rate sensitivities.
Broad incumbents
- Klepierre: Klepierre is a pan-European retail REIT operating large shopping centers. As a fellow major European REIT with a continental real estate portfolio, it serves as a broad comparable for capital structure, scale, and investor base, though focused on retail rather than residential.
- Gecina: Gecina is a leading French REIT with a portfolio of residential, office, and retail properties. Comparable to Vonovia as a European institutional landlord with significant residential exposure and similar regulatory and ESG pressures.
Regional players
- Castellum: Castellum is one of Sweden's largest commercial real estate companies with growing residential exposure. Comparable to Vonovia's Nordic operations in Sweden and competes for similar tenant and capital markets in the Scandinavian region.
Emerging players
- Patrizia SE: Patrizia is a German real estate investment manager active in residential, commercial, and infrastructure across Europe. While more focused on asset management for third-party capital than direct ownership, it competes with Vonovia in German residential investment and management mandates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Vonovia social profiles
Digital presenceVonovia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vonovia leadership team
Management profileNumber of profiles
Profiles7 records
Vonovia subsidiaries and ownership
Company hierarchySubsidiaries3 records
Vonovia funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vonovia M&A and investment
M&A and investmentM&A5 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vonovia
What does Vonovia do?
Vonovia owns, manages, and rents residential apartments to individual tenants across Germany, Sweden, and Austria, operating a portfolio of more than 500,000 units (613,153 units as of end-2024) valued at approximately EUR 82 billion. The company provides long-term rental housing, property management, modernization, and energy-efficiency services, supported by digital tenant platforms including the Mein Vonovia app and an online apartment search portal.
Is Vonovia a public or private company?
Vonovia is a public company. It is classified as public and is currently operating.
When was Vonovia founded?
Vonovia was founded in 2013. It employs 5,001 to 10,000 people.
Where is Vonovia based?
Vonovia is headquartered in Bochum, Germany, in the Europe region.
How does Vonovia make money?
One revenue line is on record: residential Rental Income.
Who are Vonovia's main competitors?
Direct peers on record are Akelius Residential Property, LEG Immobilien, Aroundtown, TAG Immobilien, Samhallsbyggnadsbolaget i Norden (SBB) and Heimstaden Bostad. Broad incumbents are Klepierre and Gecina. Castellum is listed as a regional player. Patrizia SE is listed as an emerging player.
Does Vonovia have an API?
No public API is recorded for Vonovia.
What industry is Vonovia in?
Vonovia's product category is Residential Real Estate. Its primary akta.pro industry code is BPAJAGAD, Multifamily (Apartment) Property Management. Its NAICS code is 531311 and its SIC code is 6513.