Vonovia stock carries confirmed guidance into November results

Published on 10/04/2026 at 16:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vonovia stock was last at EUR 16.82 on October 2, 2026, while H1 adjusted EBITDA rose 2.4 percent to EUR 1.46 billion. Cash flow fell 45.4 percent to EUR 607.5 million.

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Vonovia stock (ISIN DE000A1ML7J1) was last at EUR 16.82 on Xetra on October 2, 2026, up 0.45 percent from the prior session and only 1.39 percent above its 52-week low of EUR 16.59. The key operating signal is mixed: adjusted EBITDA increased 2.4 percent to EUR 1.46 billion in the first half of 2026, while operating free cash flow fell 45.4 percent to EUR 607.5 million, according to Boerse Express.

Guidance stays intact for 2026

Vonovia confirmed its adjusted EBITDA guidance of EUR 2.95 billion to EUR 3.05 billion for fiscal year 2026. The company also expects adjusted shareholder earnings of EUR 1.4 billion to EUR 1.5 billion, according to the H1 2026 earnings call published by Yahoo Finance.

The operating picture is stronger in the rental and value-add units than in the cash-flow headline. Rental adjusted EBITDA rose 3.5 percent to EUR 1.27 billion in H1 2026, while value-add adjusted EBITDA increased 28 percent to more than EUR 128 million, according to Yahoo Finance. The contrast matters because disposals and development remain more sensitive to transaction volumes and financing costs.

Analyst target remains above the price

JPMorgan lowered its Vonovia target from EUR 34.50 to EUR 26.00 while retaining an Overweight rating, according to Markets Insider. The new target lies 54.6 percent above the October 2 price, but the lower target also shows how higher rates and weaker share-price momentum have changed the valuation debate.

Boerse Express lists a consensus target of EUR 27.25 from 8 analyst houses, with 5 Buy, 2 Hold and 1 Sell ratings. That target lies 62.0 percent above the Xetra price, leaving the market to weigh the valuation gap against the cash-flow decline.

November results set the next test

Vonovia has scheduled its third-quarter 2026 interim report for November 4, 2026, according to Aktiencheck. The report will show whether rental growth and value-add activity can offset the pressure from the sales-related businesses.

Vonovia stock stays near its yearly low

Vonovia stock was last at EUR 16.82 on Xetra on October 2, 2026, with a market capitalization of EUR 14.3 billion, a session volume of 5,222,225 shares and a 52-week range of EUR 16.59 to EUR 28.90. The price remains 41.8 percent below the 52-week high, making the November operating update the next concrete valuation checkpoint.