Report
Manuel Martin, CEFA,CREA

Vonovia SE : Vonovia providing confidence on its liquidity and debt management as well as on ongoing rental growth

>Vonovia hosted its CMD elaborating on its key priorities - Yesterday (28 September), Vonovia (VNA) hosted its capital markets day elaborating on its key priorities which are 1/ liquidity, 2/ its rating and covenants and 3/ growth. VNA plans to provide an outlook for FY 2024e on 3 November 2023 during its Q3 2023 reporting and sounded optimistic in paying out again c.70% of its group FFO as a dividend for 2023 (payout ratio for 2022 was reduced to c.35%)S...
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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