Vonovia stock trades at EUR 17.59 with a plus 0.51 percent move

Published on 09/30/2026 at 09:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vonovia stock was at EUR 17.59 at Lang & Schwarz on September 30, 2026, plus 0.51 percent versus EUR 17.50. H1 adjusted EBITDA rose 2.4 percent.

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Vonovia stock was at EUR 17.59 at Lang & Schwarz on September 30, 2026, at 9:11 a.m. CEST, plus 0.51 percent versus the prior close of EUR 17.50. The central question for investors is whether resilient rental earnings can offset weaker cash generation and political pressure.

Operating earnings keep growing

In the first half of 2026, adjusted EBITDA rose 2.4 percent year over year to EUR 1.46 billion, according to Stock-World on September 18, 2026. The rental business grew adjusted EBITDA by 3.5 percent to EUR 1.27 billion, while Value-add increased 27.6 percent to EUR 128.5 million.

The comparison with cash generation is less favorable. Operating free cash flow fell 45.4 percent to EUR 607.5 million in the first half, while adjusted earnings per share declined 7.7 percent to EUR 0.91, Stock-World reported on September 18, 2026.

Guidance faces a market test

Vonovia retained its 2026 adjusted EBITDA guidance of EUR 2.95 billion to EUR 3.05 billion, despite the cash flow decline, according to Stock-World on September 18, 2026. That range represents a demanding second-half requirement because the company generated EUR 1.46 billion of adjusted EBITDA in the first six months.

Financing costs and Berlin housing policy remain important valuation factors. On September 7, 2026, FinanzNachrichten reported that Goldman Sachs cut its price target from EUR 29.50 to EUR 21.20 and downgraded Vonovia from Buy to Neutral. The bank also removed the shares from its Conviction List.

Stock stays near yearly low

Vonovia's EUR 17.59 reference price stands EUR 0.62 above the EUR 16.97 52-week low and EUR 11.31 below the EUR 28.90 high, both quoted on September 29, 2026. The market capitalization was EUR 14.8 billion on September 29, 2026, giving the earnings trend and balance-sheet discipline a direct effect on valuation.

Lang and Schwarz price snapshot

Vonovia stock was trading at EUR 17.59 at Lang & Schwarz on September 30, 2026, at 9:11 a.m. CEST, plus 0.51 percent versus the Lang & Schwarz prior close of EUR 17.50 on September 29, 2026.