Vonovia Keeps Its Debt Goal, but Higher Rates Slow Property Sales

Vonovia said on October 28, 2026 it still aims to keep its debt-to-earnings ratio below 12 times yearly operating earnings. The company warned that higher interest rates and tighter lending are slowing property sales. Those sales were a main way to cut debt, so it now relies more on rising earnings and cheaper refinancing, meaning replacing old loans with new ones.