Message from the Management Board

We are pleased to present you with our annual report 2024, in which we describe the key developments and account for our financial and ESG performance.

About Vesteda

Vesteda is a residential investor and landlord that focuses on sustainable homes for middle-income households. Vesteda invests funds for institutional investors, such as pension funds and insurance companies.

Portfolio overview

Key figures

Note: Direct return and capital growth might not add up to total return as a result of time-weighted averages on a monthly basis.

Strategy

Ambition With ‘Housing as a force for good’ as its guiding principle, Vesteda wants to use its 28,000 homes as a way to bring about positive change in society.

Market developments

The housing market started to recover and showed growth throughout the year.

Units

The total number of residential units stood at 28,069 at year-end 2024, an increase of 394 units compared with year-end 2023. In 2024, we added 1,094 new-build homes, sold 701 units and reclassified one unit as a residential unit.

Segmentation

At year-end 2024, 92% of the investment portfolio was located in Vesteda’s primary regions, due to the relative high inflow and some outflow in primary regions, the exposure to primary regions increased with 1%.

Acquisitions and property sales

The Dutch residential investment market showed signs of recovery, as the investment volume in the residential real estate market increased by 59% compared with 2023.

Investments in quality and sustainability

We continued to actively create value and add quality to our existing portfolio, via renovations and sustainability improvements of selected assets.