VNNVF - Vonovia: A Good Hedge If The Economy Falters
- Group FFO guidance boosted by 50M EUR to 1.465B-1.515B EUR on the back of strong results in the recurring sales segment.
- Valuation net initial yield down to 2.7% in June 2021 from 2.9% in December 2020.
- Going forward value creation to shift from yield compression to rent growth, renovation initiatives, and services.
- At the end of the day, your decision whether to invest in Vonovia should depend on whether you believe the ECB will ever normalize policy.
- What online retail and COVID-19 did to retail REITs the ECB can do to Vonovia.
For further details see:
Vonovia: A Good Hedge If The Economy Falters