Report
Manuel Martin, CEFA,CREA

Vonovia SE : Aiming to resume growth path in 2025e

>VNA sees long-term rent upward trend for its portfolio of c.4% l-f-l p.a. - This week, we met Vonovia´s (VNA) investor relations at our Corporate Conference in Frankfurt. VNA reiterated that it sees a long-term upward trend at an annual rate of c. +4% l-f-l rental growth p.a. in its portfolio driven by a structural demand/supply imbalance in German residential real estate.Adjusted growth strategy to be presented at 9M release in November - VNA plans...
Underlying
Vonovia SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Manuel Martin, CEFA,CREA

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