LEGIF - Vonovia: 3.6% Yield And Discounted Valuation
Vonovia (OTCPK:VONOY) is the most attractive play for income investors within the German residential sector due to its higher dividend yield and discounted valuation. The company has good growth prospects supported by a tight residential market in Germany, its organic investment program and its strategy of diversifying its portfolio through acquisitions. Despite these strong fundamentals, it trades at an attractive valuation and offers a dividend yield of 3.6%.
Company Overview
Vonovia is the largest listed player of German residential companies, with a portfolio valued at around €30 billion ($36.9 billion), comprising 355,000 residential