|Bid||53.56 x 133300|
|Ask||53.58 x 108300|
|Day's range||53.40 - 54.68|
|52-week range||48.57 - 61.66|
|Beta (5Y monthly)||0.40|
|PE ratio (TTM)||7.05|
|Earnings date||04 Nov 2021|
|Forward dividend & yield||1.69 (3.14%)|
|Ex-dividend date||19 Apr 2021|
|1y target est||65.42|
BERLIN (Reuters) -A majority of voters in Berlin wants city hall to expropriate major landlords such as Vonovia and Deutsche Wohnen to help reduce rents in the German capital, provisional referendum results showed on Monday. Around 56% cast a ballot in favour of the non-binding initiative, compared to 39% against, Berlin government said following Sunday's vote, which was held alongside elections for the city government and the national parliament. The results come as Vonovia, the largest German residential rental company, said it had reached the 50% threshold needed to buy smaller rival Deutsche Wohnen, creating a housing behemoth with some 550,000 apartments worth more than 80 billion euros ($93.7 billion).
BERLIN (Reuters) -German residential rental companies Vonovia and Deutsche Wohnen are selling almost 15,000 apartments to Berlin for 2.46 billion euros ($2.90 billion), the companies said on Friday. The acquisition comes nine days before elections in the German capital, where housing shortages and rapidly rising prices have become a hot issue. An advisory referendum on expropriating the two housing companies is due to be held in parallel with the city election.
Vonovia's sweetened bid for rival Deutsche Wohnen will be final, and there will not be another offer if the takeover attempt fails again, the head of the German real estate group said on Friday. Vonovia last month narrowly failed to pass the 50% threshold with a bid worth 52 euros per Deutsche Wohnen share. It has said it plans to submit the new offer at 53 euros a share, valuing the company at 19.1 billion euros ($22.58 billion), while outlining the framework of the deal.