Vonovia says selling properties, considering new investors







A logo of German real estate company Vonovia, is pictured during a news conference in Duesseldorf

Vonovia, Germany’s largest residential owner, said it had identified properties it could sell and was exploring new investors who could invest in its property portfolios.

The company said in an earnings presentation on Wednesday that it was aiming to sell portfolios worth 13 billion euros and would not make any acquisitions given the current market environment.

Marketzone with Reuters 2022

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2022 turnover 3,047M
3,107M
2022 net result 4,207M
4,290M
Net debt 2022 44,730M
45,610M
PER 20224.95x
2022 return5.83%
Capitalization 24,440M
24,920M
VE / CA 202222.7x
VE / CA 202321.9x
Number of employees15,900
Floating98.5%


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Average recommendationACCUMULATE
Number of Analysts17
Last Closing Price€31.47
Average price target€46.84
Deviation / Average Target48.8%

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