Previous Close | 24.50 |
Open | 24.60 |
Bid | 24.65 x 133300 |
Ask | 24.66 x 108300 |
Day's Range | 24.54 - 24.90 |
52 Week Range | 16.24 - 29.30 |
Volume | |
Avg. Volume | 2,373,101 |
Market Cap | 20.081B |
Beta (5Y Monthly) | 0.90 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -7.64 |
Earnings Date | Apr 30, 2024 |
Forward Dividend & Yield | 0.90 (3.67%) |
Ex-Dividend Date | May 09, 2024 |
1y Target Est | 32.00 |
Vonovia ( ETR:VNA ) Full Year 2023 Results Key Financial Results Revenue: €6.10b (down 29% from FY 2022). Net loss...
FRANKFURT (Reuters) -Shares in Vonovia dropped 6% on Friday after Germany's largest landlord reported its biggest loss ever for 2023, in the latest sign of stress in the real estate sector. German property firms are undergoing a major change of fortune after an end to the cheap money era that fuelled a decade-long boom, hitting the likes of Vonovia hard. The loss came as Vonovia wrote down the value of its more than 500,000 apartments by 10.7 billion euros, or 11.4%, reducing its portfolio value to 84 billion euros.
FRANKFURT (Reuters) -Vonovia, Germany's largest landlord, on Thursday reported a 6.76 billion euro ($7.35 billion) loss for 2023 - its biggest ever - following further writedowns on the values of its properties, the latest sign of stress in the nation's struggling real-estate sector. Germany is undergoing a major change of fortune after an end to the era of cheap money that fed a decade-long property boom, hitting property companies like Vonovia hard. Vonovia said that it wrote down its portfolio of apartments by 4.2% in the second half of the year after a 6.6% writedown during the first half.