VNA.DE - Vonovia SE
| Previous close | 17.47 |
| Open | 17.72 |
| Bid | 17.40 x 133300 |
| Ask | 17.41 x 108300 |
| Day's range | 17.33 - 17.94 |
| 52-week range | 15.27 - 36.11 |
| Volume | |
| Avg. volume | 5,102,794 |
| Market cap | 13.895B |
| Beta (5Y monthly) | 0.77 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -3.31 |
| Earnings date | 04 Aug 2023 |
| Forward dividend & yield | 0.85 (4.73%) |
| Ex-dividend date | 18 May 2023 |
| 1y target est | 31.50 |
ReutersVonovia to sell 1 billion eur stake in residential portfolio to Apollo
BERLIN (Reuters) -Vonovia has agreed to sell a minority stake in its Suedewo residential portfolio to U.S. investor Apollo for 1 billion euros ($1.10 billion), Germany's largest real estate group said on Thursday. The transaction could have a signal effect on the struggling German real estate market, where hardly any major sales have occurred in recent months in the face of high interest rates and falling real estate prices. The transaction values the Suedewo portfolio in the southwestern state of Baden-Wuerttemberg at 3.3 billion euros, which is a discount of less than 5% to Suedewo's fair value as of December 31, Vonovia said.
ZacksIs Vonovia (VONOY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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ReutersGermany's largest landlord maintains right to evict even as energy bills explode
In a step-by-step model, the company would reach out individually to the tenant to look for a solution for late payment, including informing them about how to obtain state aid, with an eviction notice seen as a last resort. Vonovia Chief Executive Rolf Buch has said that he expects rising energy prices to cost tenants up to two months' rental fees per year. Buch told Reuters on Tuesday that the company had no interest in people losing their apartment and eviction would only be considered for tenants unwilling to talk to the firm.
ReutersVonovia to sell properties, consider new investors
DUESSELDORF, Germany (Reuters) -Vonovia, Germany's largest residential landlord, is considering a range of measures to secure access to capital as interest rates rise, including property sales and joint ventures, it said on Wednesday. It has earmarked 13 billion euros ($13.2 billion) worth of properties for sale and is looking into the possibility of new investors who could invest in its real estate portfolios, it said. It also said it was under no time pressure to agree joint venture partnerships with investors.