Vonovia SE : Solid performance in 2019 – Confident for 2020
>Solid full-year 2019 results; group FFO guidance confirmed for 2020 - Yesterday (5 March 2020), Vonovia (VNA) published solid FY 2019 figures with group FFO slightly above the consensus and expectations. Furthermore, it confirmed its group FFO guidance for 2020 as expected.Rental income increased +9.5% y-o-y to € 2,074.9m, being in the range of our € 2,024.5m estimate and the consensus of € 2,179.2m. Revaluation gains of € 4,131.5m (+17.4% y-o-y) beat our € 3,38...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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