Vonovia SE (FRA:VNAA) Retained Earnings : €22,505 Mil (As of Dec. 2023)

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What is Vonovia SE Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Vonovia SE's retained earnings for the quarter that ended in Dec. 2023 was €22,505 Mil.

Vonovia SE's quarterly retained earnings increased from Jun. 2023 (€21,612 Mil) to Sep. 2023 (€22,026 Mil) and increased from Sep. 2023 (€22,026 Mil) to Dec. 2023 (€22,505 Mil).

Vonovia SE's annual retained earnings increased from Dec. 2021 (€16,536 Mil) to Dec. 2022 (€25,605 Mil) but then declined from Dec. 2022 (€25,605 Mil) to Dec. 2023 (€22,505 Mil).

Vonovia SE Retained Earnings Historical Data

The historical data trend for Vonovia SE's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Vonovia SE Retained Earnings Chart

Vonovia SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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10,534.40

13,368.20

16,535.50

25,605.10

22,505.10

Vonovia SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															25,605.10	23,648.50	21,611.90	22,025.70	22,505.10

Vonovia SE Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Vonovia SE (FRA:VNAA) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Vonovia SE (FRA:VNAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vonovia SE (FRA:VNAA) » Definitions » Retained Earnings

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VONOY:USA VNNVF:USA VNA:Mexico VNA:Italy VNAd:UK 0QFT:UK VNA:Germany VNA:Austria

Address

Universitatsstrasse 133, Bochum, DEU, 44803

Website

https://www.vonovia.de

Vonovia SE is a residential real estate company based out of Germany. Vonovia owns and manages a multitude of residential units in many German cities and regions. The company makes long-term investments in the maintenance, modernization, and senior-friendly conversion of its properties. In addition to conducting property management, it handles financing, service, and coordination tasks. Furthermore, it is responsible for the control and monitoring systems as well as risk management. Operations are split into three units: rental, extension, and sales. Outside of extension and rental services, Vonovia's sales activities include managing its portfolio and real estate sales from any of its subportfolios.

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