Vonovia 9M Earnings

Adj EBITDA Rental: 1.91B, +3.5% Y/Y Despite ~5,000 Fewer Units Sees FY2026 Organic Rent Growth: ~3.8%, Saw ~4% Sees FY2026 Adj EBT At Lower End Of 1.90B To 2.00B Range Sees FY2026 Adj EBITDA Total In Lower Half Of 2.95B To 3.05B Range Sees FY2027 Adj EBITDA Total Growing Slightly Y/Y Sees FY2027 Adj EBT Broadly In Line With 2026 Sees FY2028 Adj EBITDA Total At Lower End Of 3.20B To 3.50B Range CFO Philip Grosse Will Not Seek Extension Of Current Term