Vonovia SE : Q3 2024 figures are in line with expectations – growth strategy to be implemented after having reached disposal target for FY 2024
>Q3 2024 figures in line with our estimates – 2024 guidance confirmed - Vonovia (VNA) this morning published Q3 2024 figures which were overall in line with our estimates and confirmed its FY 2024 adjusted EBT guidance at the upper end of € 1.7bn-1.8bn. VNA provided an initial adjusted EBT guidance for FY 2025 of € 1.75bn-1.85bn which was in line with our estimate of € 1.8bn and the Visible Alpha consensus of € 1.8bn.Rental income increased +2.6% y-o-y to € 828.0...Vonovia is a residential real estate company based in Germany. Co. maintains 357,117 residential units and a portfolio worth approximately Euro24.1 billion in cities and regions throughout Germany. Co. manages residential units, garages and parking spaces as well as commercial units. Co. focuses on customer orientation and tenant satisfaction, offering tenants affordable, attractive and livable homes, as well as offering additional real estate-related services. Co.'s residential units are located in contiguous settlements at approximately 770 locations in Germany.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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