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Vonovia SE (VNA.MU)

Munich - Munich Delayed Price. Currency in EUR
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25.36-0.46 (-1.78%)
As of 08:01AM CEST. Market open.
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  • Simply Wall St.

    Vonovia Full Year 2023 Earnings: EPS Misses Expectations

    Vonovia ( ETR:VNA ) Full Year 2023 Results Key Financial Results Revenue: €6.10b (down 29% from FY 2022). Net loss...

  • Reuters

    Vonovia shares drop as $7 billion loss lays bare German property crisis

    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.

  • Reuters

    Germany's Vonovia posts record $7.35 billion loss amid property crisis

    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.